Bismarck, North Dakota Property Taxes
The median property tax rate in Bismarck, ND is 1.14%, which is higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With a median home value of $269,500 in Bismarck, the typical annual property tax bill is $3,015, surpassing the national median of $2,690. Property taxes in Bismarck are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bismarck’s property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bismarck or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bismarck, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$3,072
Ownwell’s Bismarck Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bismarck with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bismarck 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 Bismarck, North Dakota
Property taxes in Bismarck, 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 Bismarck is 1.14%, notably higher than the U.S. national median of 0.99%. Local government entities within Bismarck set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bismarck 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 Bismarck's effective property tax rate to other areas in Burleigh County and the national median. For comparison, the 58503 zip code has the highest median property tax rate of 1.15%, while the 58504 zip code has the lowest median tax rate of 1.14%. Understanding how these areas compare with Bismarck provides valuable insights into the varying tax landscape across Burleigh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bismarck Tax Rate
1.14%
Average Burleigh County Tax Rate
1.14%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bismarck, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58501 | 0.74% | 1.14% | 1.14% | 1.31% | 1.40% |
| 58503 | 0.76% | 0.92% | 1.15% | 1.28% | 1.49% |
| 58504 | 0.74% | 1.14% | 1.14% | 1.27% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Bismarck, North Dakota
In Bismarck, 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 Burleigh 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 Bismarck, 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 Bismarck helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the city is in zip code 58503 at $3,583, while the lowest is in zip code 58504 at $2,645.
Average Bismarck Assessed Value
$269,500
Average Burleigh County Assessed Value
$262,900
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bismarck, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58501 | $142,210 | $193,525 | $230,200 | $278,500 | $346,880 |
| 58503 | $87,495 | $242,100 | $324,200 | $415,975 | $520,800 |
| 58504 | $8,942 | $126,200 | $249,600 | $328,400 | $440,720 |
Source: Ownwell
Property Tax Bills Across Bismarck, North Dakota
Property tax bills in Bismarck, located in Burleigh County, ND, are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, determined by the county assessor. Factors such as property size, location, and improvements can influence this assessed value. Bismarck's property tax rates vary, leading to differences in tax bills across the city. For instance, the median home price in Bismarck is $269,500. Homeowners in the 25th percentile of tax bills pay around $2,139, while those in the 75th percentile face bills of approximately $4,026. At the 90th percentile, tax bills can reach up to $5,500. The highest median tax bill in Bismarck is $3,583 in the 58503 zip code, while the lowest is $2,645 in the 58504 zip code. These property taxes significantly impact homeowners, influencing decisions on purchasing, selling, or renovating properties. Understanding these factors can help homeowners plan better and potentially reduce their tax burden.
Average Bismarck Tax Bill
$3,015
Average Burleigh County Tax Bill
$2,929
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Bismarck, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58501 | $1,479 | $2,252 | $2,785 | $3,346 | $3,985 |
| 58503 | $1,054 | $2,440 | $3,583 | $4,809 | $6,513 |
| 58504 | $113 | $1,367 | $2,645 | $3,685 | $5,071 |
Source: Ownwell