Lamoure County Property Taxes
The median property tax rate in LaMoure County is 1.44%, which is significantly higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With a median home value of $62,200 in LaMoure County, the typical annual property tax bill reaches $960, which is below the national median of $2,690. Property taxes in LaMoure County are calculated based on the tax assessed value, typically lower than the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding LaMoure County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in LaMoure or another part of LaMoure County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lamoure County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$896
Ownwell’s LaMoure County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in LaMoure County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in LaMoure County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Lamoure County, North Dakota
Property taxes in LaMoure County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in LaMoure County is 1.44%, which is higher than the U.S. national median of 0.99%. Local government entities within LaMoure County set these rates annually, and they can vary significantly between different areas within the county. Each year, LaMoure County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares LaMoure County's effective property tax rate with other counties in North Dakota and the national median. For comparison, the city of LaMoure has one of the higher property tax rates in North Dakota at 1.66%, while the city of Jud boasts one of the lowest at 0.93%. Analyzing how LaMoure County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lamoure County Tax Rate
1.44%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Lamoure County, North Dakota
In LaMoure County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the LaMoure County Appraisal District. The assessed value, however, 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 in LaMoure County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in LaMoure County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In LaMoure County, Edgeley has the highest median tax bill at $1,887, while LaMoure city has the lowest at $891. The national median property tax rate is 0.99%, providing a benchmark for comparison.
Property Tax Assessment Values Across Lamoure County, North Dakota
Source: Ownwell
$1,100
$66,800
$132,500
Average Lamoure County Assessed Value
$62,200
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Bills Across Lamoure County, North Dakota
In LaMoure County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the market value and is used to determine the property tax owed. Various factors, including the property's size, location, and condition, are considered in the assessment process. Homeowners in LaMoure County experience a range of property tax bills. The 25th percentile tax bill is $95, while the 75th percentile reaches $1,901. At the 90th percentile, homeowners could see bills as high as $5,457. The city of Edgeley has the highest median tax bill in the county at $1,887, whereas LaMoure city has the lowest median tax bill at $891. Compared to the national median property tax rate of 0.99%, homeowners in LaMoure County may find their property tax bills vary significantly depending on their property's assessed value and location within the county. This variability can significantly impact household budgets and long-term financial planning for homeowners.
Average Lamoure County Tax Bill
$960
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690