Lefor, North Dakota Property Taxes
The median property tax rate in Lefor, ND is 0.39%, 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 Lefor at $66,000, the typical annual property tax bill is $346, considerably less than the national median of $2,690. Property taxes in Lefor are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Lefor'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 Lefor 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
Lefor, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$257
Ownwell’s Lefor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lefor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lefor 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 Lefor, North Dakota
Property taxes in Lefor, North Dakota, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lefor is 1.09%, higher than both the North Dakota state median of 0.99% and the U.S. national median of 0.99%. Local government entities within Lefor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lefor 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 Lefor's effective property tax rate to other counties in North Dakota and the national median. For comparison, the highest median property tax rate in North Dakota is found in Stark County, at 1.79%, while the lowest median tax rate is in Morton County, at 0.39%. Understanding how these cities compare with Lefor 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 Lefor Tax Rate
0.39%
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 Lefor, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58641 | 0.39% | 0.39% | 0.39% | 0.46% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Lefor, North Dakota
In Lefor, 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. 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 Lefor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Lefor, the median home price is $66,000. The tax bill at the 25th percentile is $152, while at the 75th percentile, it is $1,012, and at the 90th percentile, it is $2,565. The highest and lowest median tax bills in Lefor are both $346, found in the 58641 zip code.
Average Lefor Assessed Value
$66,000
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 Lefor, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58641 | $11,280 | $38,000 | $66,000 | $207,600 | $470,840 |
Source: Ownwell
Property Tax Bills Across Lefor, North Dakota
In Lefor, located in Stark County, ND, property tax bills are calculated based on the assessed value of a home. The assessment process determines the market value of the property, which is then multiplied by the local tax rate to calculate the tax bill. The median home price in Lefor is $66,000, which provides a baseline for understanding local tax bills. For homeowners, the 25th percentile tax bill is around $152, while the 75th percentile tax bill reaches approximately $1,012. At the higher end, the 90th percentile tax bill can be as much as $2,565. The highest and lowest median tax bills in the area are both $346, corresponding to the zip code 58641. Compared to the national median property tax rate of 0.99%, Lefor's tax rates can vary significantly, affecting homeowners differently depending on their property's assessed value. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations and manage their finances accordingly.
Average Lefor Tax Bill
$346
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 Lefor, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58641 | $46 | $152 | $346 | $1,012 | $2,565 |
Source: Ownwell