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RentariIQAssessment Fairness & Tax Trajectory
Report ID: JVitq5stj-nN7d51
Prepared: August 03, 2026
Assessment Fairness & Tax Trajectory for
Demo Property · West Fargo, ND
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Area context (demo location hidden)
Assessed at 50.0% of market value — assessment looks favorable (below market).
AI summary — generated from this report's data
The property at Demo Property · West Fargo, ND is assessed at $105,300, which is 50.0% of its estimated market value of $210,600. This results in an effective property tax rate of 2.7%, with annual taxes totaling $5,711. The assessed value has shown significant growth, recorded at +280.9% per year from 2021 to 2025.
The current assessed-to-market ratio of 50.0% is significantly below the typical 100%, suggesting a favorable assessment relative to market value.
The recorded assessed-value growth of +280.9%/yr (2021→2025) indicates a rapid increase in the property's assessed value over recent years.
The reader should verify the details of the 'Recorded Assessment Trajectory' and 'Forward Property-Tax Budget (next 3 yr)' tables to understand future tax implications.
mediumThe substantial assessed-value growth of +280.9%/yr (2021→2025) could lead to future increases in property taxes if the assessment continues to rise.
mediumAn Assessed-to-market ratio of 50.0% is considerably lower than the typical 100%, which might indicate a potential for future assessment adjustments closer to market value.
Advisory read: The reader should weigh the implications of the current assessment ratio and the historical growth in assessed value when considering the property's financial outlook.
Effective Property-Tax Rate
2.7%
$5,711 annual tax on $210,600 value
Effective Tax Rate
2.7%
Annual tax ÷ market value
Annual Property Tax
$5,711
$476 / month
Assessed Value
$105,300
ATTOM assessor
Market Value
$210,600
Assessor market
Assessed / Market
50.0%
≈100% is typical
Assessed-value growth (recorded)
+280.9%/yr
2021→2025
Assessment Snapshot
Assessed value$105,300
Market value$210,600
Current annual tax$5,711
Effective tax rate2.7%
Assessed-to-market ratio50.0%
Recorded Assessment Trajectory
Tax year
Assessed value
Market value
Annual tax
2021
$500
$1,000
$872
2022
$6,050
$12,100
$1,192
2023
$20,800
$41,600
$1,687
2024
$106,700
$213,400
$3,927
2025
$105,300
$210,600
$5,711
Actual recorded values (ATTOM assessor history) — history, not a projection.
Forward Property-Tax Budget (next 3 yr)
Period
Projected Annual Tax
Projected Monthly
Year +1
$5,882
$490
Year +2
$6,059
$505
Year +3
$6,240
$520
Compounded at a disclosed 3.0% annual growth assumption; cumulative 3-yr tax ≈ $18,181.
Assessed value, market value, and annual tax are ATTOM assessor data.
Forward tax budget assumes 3.0%/yr tax growth (default; override with tax_growth_pct). Actual reassessments, levy changes, exemptions, and caps are not modeled.
Effective rate = annual tax ÷ market value (assessed value used only if no market value is available).
Not tax or legal advice; verify all figures with your county assessor.
Report generated on August 03, 2026. Figures are retrieved live or from a short-lived
cache (up to 30 days for some public-data sources), so a figure may pre-date this report —
each context card states its own data vintage. Comparable recency is shown per comp;
county assessment figures reflect the assessor's latest published tax year; HUD figures
reflect the current published fiscal year.
Rentari IQ rent estimates are informational market references, not pricing instructions. They are generated from your own property data, real comparable market listings, and — where local listing data is limited — AI-estimated market references (clearly labelled as such), never from other landlords' confidential rents, to support your own independent pricing decisions. You set your rents; Rentari does not. Every estimate is an advisory data point, and you remain solely responsible for the rent you charge. Estimates are not appraisals or legal advice and do not account for fair-housing, rent-control, or local pricing laws. Confirm every rent independently and comply with all applicable federal, state, and local requirements.
Disclaimer
This report is for informational purposes only and does not constitute financial, legal, investment, tax, or appraisal advice. Figures are drawn from the public and licensed data sources below and, where noted, AI-generated insights (Google Gemini) — always labelled as such. Please consult qualified professionals before making any decision.
Data sources
Rent comps & listings: RentCast · Property value, tax & assessment: ATTOM Data · Fair Market Rents & income limits: HUD (HUD.gov) · Demographics, income & housing medians: U.S. Census Bureau (American Community Survey) · New-construction supply: U.S. Census Bureau (Building Permits Survey) · Migration & income flows: IRS (Statistics of Income) · Employment, wages & rent inflation: U.S. Bureau of Labor Statistics · Flood zones & natural-hazard risk: FEMA (Flood Hazard Layer, National Risk Index) · Environmental screen & walkability: U.S. EPA (Superfund, AirNow, Walkability Index) · Seismic design values: U.S. Geological Survey · Mortgage market & rates: HMDA / Freddie Mac · Street View & geocoding: Google Maps · AI summaries & AI-estimated comps: Google Gemini (clearly labelled where used) · Your own executed leases: de-identified, from your account only
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