Lansford, North Dakota Property Taxes
The median property tax rate in Lansford, ND is 0.87%, which is notably lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Lansford at $261,500, the typical annual property tax bill comes to $2,270, falling below the national median of $2,690. Property taxes in Lansford are determined based on the tax assessed value, which is often less than the market value due to various exemptions, including primary residence and agricultural exemptions. Gaining a thorough understanding of Lansford's property tax system, exploring potential exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Lansford or another part of Bottineau County, familiarizing yourself with the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Lansford, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$2,275
Ownwell’s Lansford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lansford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lansford to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Lansford, North Dakota
Property taxes in Lansford, North Dakota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lansford is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Lansford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lansford estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Lansford's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58750 has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these areas compare with Lansford provides valuable insights into the varying tax landscape across Bottineau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lansford Tax Rate
0.87%
Average Bottineau County Tax Rate
0.90%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lansford, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58750 | 0.87% | 0.87% | 0.87% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Lansford, North Dakota
In Lansford, North Dakota, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Bottineau County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Lansford, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Lansford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Lansford's median home price stands at $261,500, with the median tax bill being $2,270. The zip code 58750 has both the highest and lowest median tax bills at $2,270.
Average Lansford Assessed Value
$261,500
Average Bottineau County Assessed Value
$150,650
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lansford, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58750 | $261,500 | $261,500 | $261,500 | $261,500 | $261,500 |
Source: Ownwell
Property Tax Bills Across Lansford, North Dakota
In Lansford, property tax bills are calculated based on the assessed value of the home, which is determined by the Bottineau County assessor. The assessed value is a percentage of the market value of the property. For example, with a median home price of $261,500, the assessed value forms the basis for the tax calculation. The tax rate is then applied to this assessed value to determine the annual tax bill. In Lansford, the median property tax bill is $2,270, which is consistent across various percentiles, indicating a uniform tax rate in the area. This tax bill is higher than the national median property tax rate of 0.99%, reflecting the local tax policies and rates. Homeowners in Lansford should be aware that their property taxes are a significant part of their annual expenses and can impact their overall financial planning. Understanding how these taxes are calculated can help homeowners anticipate their annual costs and budget accordingly.
Average Lansford Tax Bill
$2,270
Average Bottineau County Tax Bill
$1,406
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Lansford, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58750 | $2,270 | $2,270 | $2,270 | $2,270 | $2,270 |
Source: Ownwell