Edmore, North Dakota Property Taxes
The median property tax rate in Edmore, ND is 1.46%, 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 Edmore, the typical annual property tax bill reaches $518, which is significantly lower than the national median of $2,690. Property taxes in Edmore 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 Edmore'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 Edmore 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
Edmore, 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 Edmore Property Tax Bill Calculator allows homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Edmore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edmore to provide an estimated property tax bill. This valuable tool gives you a clear understanding of potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Edmore, North Dakota
Property taxes in Edmore, 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 Edmore is 1.46%, significantly higher than the U.S. national median of 0.99%. Local government entities within Edmore set these rates annually, and they can vary across different neighborhoods. Each year, Edmore 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 Edmore's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58330 zip code has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with Edmore provides valuable insights into the varying tax landscape across Ramsey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Edmore Tax Rate
1.46%
Average Ramsey County Tax Rate
1.26%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edmore, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58330 | 0.94% | 1.02% | 1.46% | 1.46% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Edmore, North Dakota
In Edmore, 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 Edmore, 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 Edmore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $518, found in the 58330 zip code, while the lowest median tax bill is also $518, in the same zip code.
Average Edmore Assessed Value
$36,800
Average Ramsey County Assessed Value
$147,600
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Edmore, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58330 | $6,900 | $17,550 | $36,800 | $68,100 | $103,800 |
Source: Ownwell
Property Tax Bills Across Edmore, North Dakota
In Edmore, ND, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, the median home price in Edmore stands at $36,800. The tax bill varies significantly, with the 25th percentile at $229 and the 75th percentile at $873, going up to $1,156 at the 90th percentile. This range reflects the different assessed values and applicable tax rates within the area. The highest median tax bill in the county is $518, which is notably higher than the national median property tax rate of 0.99%. Factors such as property location, home improvements, and local government budget needs also influence the tax bill. For homeowners, these property taxes are crucial as they fund essential public services like schools, roads, and emergency services. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances more effectively.
Average Edmore Tax Bill
$518
Average Ramsey County Tax Bill
$1,862
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Edmore, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58330 | $88 | $229 | $518 | $873 | $1,156 |
Source: Ownwell