Columbus, North Dakota Property Taxes
The median property tax rate in Columbus, ND is 0.92%, which is lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Columbus at $46,750, the typical annual property tax bill is $429, significantly below the national median of $2,690. Property taxes in Columbus are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Columbus'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 Columbus 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
Columbus, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$430
$399
Ownwell’s COLUMBUS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in COLUMBUS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in COLUMBUS 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 Columbus, North Dakota
Property taxes in Columbus, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Columbus is 0.92%, slightly lower than the U.S. national median of 0.99%. Local government entities within Columbus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Columbus 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 Columbus's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58727 zip code has the highest median property tax rate of 0.92%, while the 58727 zip code also has the lowest median tax rate of 0.92%. Understanding how these areas compare with Columbus provides valuable insights into the varying tax landscape across Burke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Columbus Tax Rate
0.92%
Average Burke County Tax Rate
0.87%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Columbus, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58727 | 0.64% | 0.85% | 0.92% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Columbus, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Columbus, North Dakota. 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 Burke 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 Columbus, 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 Columbus is $46,750, with tax bills ranging from $290 at the 25th percentile to $830 at the 90th percentile. The highest and lowest median tax bills in the area are both $429, found in the 58727 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Columbus Assessed Value
$46,750
Average Burke County Assessed Value
$39,200
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Columbus, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58727 | $19,140 | $31,575 | $46,750 | $86,356 | $102,470 |
Source: Ownwell
Property Tax Bills Across Columbus, North Dakota
In Columbus, ND, property tax bills are determined by assessing the market value of a home and applying the local tax rate to this value. The median home price in Columbus is $46,750. The tax bill varies significantly, with the 25th percentile at $290 and the 75th percentile reaching $597. The 90th percentile tax bill is $830, reflecting the upper range for homeowners. The local tax rate in Columbus is influenced by the county's needs for public services such as schools, infrastructure, and emergency services. Homeowners in the 58727 zip code experience a median tax bill of $429, which is consistent across the area. Compared to the national median property tax rate of 0.99%, Columbus offers a relatively lower tax burden, making it an attractive option for homeowners seeking affordability. These tax rates directly impact homeowners by determining their annual financial obligations and influencing the overall cost of homeownership in the region.
Average Columbus Tax Bill
$429
Average Burke County Tax Bill
$381
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Columbus, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58727 | $176 | $290 | $429 | $597 | $830 |
Source: Ownwell