Lamoure, North Dakota Property Taxes
The median property tax rate in LaMoure, ND is 1.66%, considerably higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in LaMoure at $60,200, the typical annual property tax bill reaches $891, which is below the national median of $2,690. Property taxes in LaMoure are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding LaMoure'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 LaMoure 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
Lamoure, North Dakota Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$2,600
Ownwell’s LAMOURE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LAMOURE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LAMOURE 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 Lamoure, North Dakota
Property taxes in LaMoure, 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 LaMoure is 1.66%, significantly higher than the U.S. national median of 0.99%. Local government entities within LaMoure set these rates annually, and they can vary significantly across different neighborhoods. Each year, LaMoure 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 LaMoure's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58458 has both the highest and lowest median property tax rate of 1.66%. Understanding how these cities compare with LaMoure 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 Lamoure Tax Rate
1.66%
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 Lamoure, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58458 | 0.94% | 0.95% | 1.66% | 1.98% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Lamoure, North Dakota
In LaMoure, 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 local 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 LaMoure, 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 LaMoure helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 58458 at $891, which is also the lowest in the area.
Average Lamoure Assessed Value
$60,200
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 Lamoure, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58458 | $9,620 | $25,975 | $60,200 | $90,400 | $178,640 |
Source: Ownwell
Property Tax Bills Across Lamoure, North Dakota
In LaMoure, ND, property tax bills are calculated based on the assessed value of properties, which is determined by local assessors. The median home price in LaMoure is $60,200, and property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in LaMoure can expect tax bills ranging from $293 at the 25th percentile to $1,609 at the 75th percentile, with the 90th percentile reaching up to $3,973. The median tax bill in the area is $891, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax burden can be beneficial for homeowners, making LaMoure an attractive place to live. The property tax system in LaMoure ensures that taxes are fairly distributed based on property values, helping to fund local services and infrastructure.
Average Lamoure Tax Bill
$891
Average Lamoure County Tax Bill
$960
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Lamoure, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58458 | $64 | $293 | $891 | $1,609 | $3,973 |
Source: Ownwell