Lamoure, North Dakota Property Taxes
The median property tax rate in Lamoure, ND is 0.89%, 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 Lamoure at $6,000, the typical annual property tax bill is $53, significantly below the national median of $2,690. Property taxes in Lamoure are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Lamoure's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Lamoure 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
Lamoure, 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 LaMoure Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LaMoure with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LaMoure 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 Lamoure, North Dakota
Property taxes in LAMOURE, North Dakota, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LAMOURE is 1.01%, higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within LAMOURE set these rates annually, and they can vary significantly across different neighborhoods. Each year, LAMOURE 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 LAMOURE's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58458 zip code has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with LAMOURE provides valuable insights into the varying tax landscape across Dickey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lamoure Tax Rate
0.89%
Average Dickey County Tax Rate
1.30%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lamoure, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58458 | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Lamoure, North Dakota
In LAMOURE, 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. 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 LAMOURE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest tax bills in LAMOURE is 58458, while the lowest is also 58458, both with annual tax bills of $53.
Average Lamoure Assessed Value
$6,000
Average Dickey County Assessed Value
$49,700
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lamoure, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58458 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 |
Source: Ownwell
Property Tax Bills Across Lamoure, North Dakota
In Lamoure, ND, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by local assessors who evaluate the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. For Lamoure, the median home price stands at $6,000, which is significantly lower than the national median. Homeowners in Lamoure experience relatively low property tax bills compared to the national median property tax rate of 0.99%. For instance, the tax bill at the 25th, 75th, and 90th percentiles is consistently $53. These lower tax bills can be attributed to the lower property values in the area, providing a more affordable living situation for residents. The property tax system in Lamoure ensures that homeowners contribute to local services and infrastructure, yet the financial burden remains manageable due to the lower assessed property values. This balance helps maintain community services while keeping homeownership affordable.
Average Lamoure Tax Bill
$53
Average Dickey County Tax Bill
$656
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Lamoure, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58458 | $53 | $53 | $53 | $53 | $53 |
Source: Ownwell