Edgeley, North Dakota Property Taxes
The median property tax rate in Edgeley, ND is 1.23%, slightly higher than the national median of 0.99% but below the North Dakota state median of 1.30%. With a median home value of $129,150 in Edgeley, the typical annual property tax bill amounts to $1,887, which is lower than the national median of $2,690. Property taxes in Edgeley are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Edgeley'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 Edgeley or another part of LaMoure County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Edgeley, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,589
Ownwell’s EDGELEY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EDGELEY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EDGELEY 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 Edgeley, North Dakota
Property taxes in Edgeley, 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 Edgeley is 1.23%, notably higher than the U.S. national median of 0.99%. Local government entities within Edgeley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edgeley 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 Edgeley's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58433 zip code has the highest median property tax rate of 1.23%, while the 58433 zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Edgeley provides valuable insights into the varying tax landscape across LaMoure County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Edgeley Tax Rate
1.23%
Average Lamoure County Tax Rate
1.44%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edgeley, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58433 | 0.93% | 1.01% | 1.23% | 1.45% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Edgeley, North Dakota
In Edgeley, 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 LaMoure 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 Edgeley, 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 Edgeley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 58433, both at $1,887.
Average Edgeley Assessed Value
$129,150
Average Lamoure County Assessed Value
$62,200
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Edgeley, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58433 | $4,050 | $28,650 | $129,150 | $420,315 | $659,556 |
Source: Ownwell
Property Tax Bills Across Edgeley, North Dakota
In Edgeley, located in LaMoure County, ND, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county assessor and represents a percentage of the property's market value. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's size, age, condition, and location. In Edgeley, the median home price stands at $129,150, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $288, while the 75th percentile reaches $5,956, and the 90th percentile can go up to $7,323. These taxes are vital for funding local services such as schools, roads, and public safety. For homeowners, understanding how their property tax is calculated can help in financial planning and ensuring they are not overpaying. Comparing these figures to the national median property tax rate of 0.99% highlights the variability and importance of local tax assessments.
Average Edgeley Tax Bill
$1,887
Average Lamoure County Tax Bill
$960
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Edgeley, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58433 | $41 | $288 | $1,887 | $5,956 | $7,323 |
Source: Ownwell