Dickinson, North Dakota Property Taxes
The median property tax rate in Dickinson, ND is 0.55%, significantly lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Dickinson at $401,600, the typical annual property tax bill reaches $2,201, which is below the national median of $2,690. Property taxes in Dickinson 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 Dickinson'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 Dickinson 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
Dickinson, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$2,209
Ownwell’s Dickinson Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in Dickinson with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Dickinson to provide an estimate of your property tax bill. This insightful tool allows you to understand potential tax liabilities better. For those 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 Stark County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Dickinson, North Dakota
Property taxes in Dickinson, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dickinson is 0.55%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Dickinson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dickinson 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 Dickinson's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58601 zip code has the highest median property tax rate of 0.55%, while the same zip code also has the lowest median tax rate of 0.55%. Understanding how these cities compare with Dickinson provides valuable insights into the varying tax landscape across Stark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dickinson Tax Rate
0.55%
Average Stark County Tax Rate
0.55%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dickinson, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58601 | 0.47% | 0.54% | 0.55% | 0.56% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Dickinson, North Dakota
In Dickinson, 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 Stark 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 Dickinson, 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. The median home price in Dickinson is $401,600, with tax bills varying significantly. The 25th percentile tax bill is $1,557, while the 75th percentile tax bill is $3,005. The highest and lowest median tax bills are both $2,201 in zip code 58601. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dickinson Assessed Value
$401,600
Average Stark County Assessed Value
$386,000
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dickinson, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58601 | $160,000 | $296,800 | $401,600 | $548,600 | $724,400 |
Source: Ownwell
Property Tax Bills Across Dickinson, North Dakota
In Dickinson, located in Stark County, ND, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate, which is applied to this assessed value, plays a crucial role in calculating the final tax bill. For homeowners in Dickinson, the median home price stands at $401,600. The property tax rate in Stark County is 0.99%, which aligns with the national median property tax rate. Homeowners in Dickinson can expect their tax bills to vary widely. For instance, tax bills in the 25th percentile are around $1,557, while those in the 75th percentile reach up to $3,005. The 90th percentile tax bill can be as high as $3,896. The highest median tax bill recorded in the area is $2,201, which is consistent across the zip code 58601. These variations significantly impact homeowners, influencing their annual financial planning and overall cost of homeownership.
Average Dickinson Tax Bill
$2,201
Average Stark County Tax Bill
$2,116
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Dickinson, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58601 | $588 | $1,557 | $2,201 | $3,005 | $3,896 |
Source: Ownwell