Lidgerwood, North Dakota Property Taxes
The median property tax rate in Lidgerwood, ND is 1.38%, notably higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With a median home value of $45,100 in Lidgerwood, the typical annual property tax bill amounts to $622, which is significantly below the national median of $2,690. Property taxes in Lidgerwood are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Lidgerwood'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 Lidgerwood 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
Lidgerwood, 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 Lidgerwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lidgerwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lidgerwood 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 Lidgerwood, North Dakota
Property taxes in Lidgerwood, 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 Lidgerwood is 1.38%, significantly higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Lidgerwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lidgerwood 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 Lidgerwood's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58053 has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with Lidgerwood provides valuable insights into the varying tax landscape across Richland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lidgerwood Tax Rate
1.38%
Average Richland County Tax Rate
1.58%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lidgerwood, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58053 | 1.14% | 1.32% | 1.38% | 1.38% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Lidgerwood, North Dakota
In Lidgerwood, 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 Richland 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 Lidgerwood, 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. The median home price in Lidgerwood is $45,100, with tax bills ranging from $202 at the 25th percentile to $2,788 at the 90th percentile. The highest median tax bill is $622 in the 58053 zip code, which also has the lowest median tax bill of $622. 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 Lidgerwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lidgerwood Assessed Value
$45,100
Average Richland County Assessed Value
$121,100
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lidgerwood, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58053 | $7,360 | $14,650 | $45,100 | $160,250 | $245,570 |
Source: Ownwell
Property Tax Bills Across Lidgerwood, North Dakota
In Lidgerwood, located in Richland County, ND, property tax bills are calculated based on the assessed value of a home and the local tax rate. The city's median home price stands at $45,100. The tax bill can vary significantly, with the 25th percentile at $202 and the 75th percentile reaching $2,089. The 90th percentile tax bill can go up to $2,788. The highest median tax bill in the region is $622, observed in the zip code 58053, which coincidentally also has the lowest median tax bill at the same amount. Several factors influence the tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. For homeowners, this means that the amount they owe can vary widely based on these elements. Compared to the national median property tax rate of 0.99%, Lidgerwood's property taxes can be quite variable, potentially impacting household budgets significantly. Understanding these factors is crucial for homeowners looking to manage their property tax expenses effectively.
Average Lidgerwood Tax Bill
$622
Average Richland County Tax Bill
$1,800
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Lidgerwood, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58053 | $102 | $202 | $622 | $2,089 | $2,788 |
Source: Ownwell