Hampden, North Dakota Property Taxes

The median property tax rate in Hampden, ND is 1.20%, slightly higher than the national median of 0.99% but below the North Dakota state median of 1.30%. With the median home value in Hampden at $18,200, the typical annual property tax bill amounts to $213, which is significantly lower than the national median of $2,690. Property taxes in Hampden are calculated based on the assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Hampden'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 Hampden 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

Hampden, North Dakota Property Tax Bill Calculator

Property Assessed Value

$100,000

$2,500,000

$5,000,000

Average Tax Rate

1.3%

Estimate Property Tax Bill

$2,600

Ownwell’s Hampden Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hampden effortlessly using just two data points. By inputting your property's estimated assessed value, the calculator utilizes the median tax rate in Hampden to project your property tax bill. This valuable tool provides clarity on potential tax obligations. For those curious about neighborhood-level trends, more localized information is available below. Your property's assessed value is determined by the county for property tax purposes and takes into account any applicable exemptions.

Property Tax Rates Across Hampden, North Dakota

Property taxes in Hampden, North Dakota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hampden is 1.20%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hampden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hampden 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 Hampden's effective property tax rate to other areas in North Dakota and the national median. For comparison, the 58338 zip code has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Hampden provides valuable insights into the varying tax landscape across Ramsey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.

Property Tax Rates Across Hampden, North Dakota

Source: Ownwell

0.82%

1.16%

1.49%

Average Hampden Tax Rate

1.20%

Average Ramsey County Tax Rate

1.26%

Average North Dakota Tax Rate

1.30%

Average United States Tax Rate

0.99%

Property Tax Rates Across Hampden, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
58338	0.93%	1.20%	1.20%	1.20%	1.20%

Source: Ownwell

Property Tax Assessment Values Across Hampden, North Dakota

In Hampden, 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 Ramsey 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 Hampden, 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 Hampden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 58338, with a median bill of $213.00.

Property Tax Assessment Values Across Hampden, North Dakota

Source: Ownwell

$10,300

$87,800

$165,300

Average Hampden Assessed Value

$18,200

Average Ramsey County Assessed Value

$147,600

Average North Dakota Assessed Value

$217,800

Average United States Assessed Value

$244,900

Property Tax Assessment Values Across Hampden, North Dakota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
58338	$6,120	$14,075	$18,200	$28,725	$97,280

Source: Ownwell

Property Tax Bills Across Hampden, North Dakota

In Hampden, located in Ramsey County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $18,200, homeowners can expect varying tax bills. The 25th percentile tax bill is around $167, while the 75th percentile tax bill reaches $290, and the 90th percentile soars to $975. These variations reflect differences in property values and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Hampden's rates can seem relatively modest, but they still significantly impact homeowners' finances. Understanding these factors helps homeowners anticipate their annual expenses and plan accordingly. Whether you're at the lower or higher end of the tax spectrum, being informed about how your property tax bill is calculated is crucial for effective financial planning.

Property Tax Bills Across Hampden, North Dakota

Source: Ownwell

$124

$1,105

$2,085

Average Hampden Tax Bill

$213

Average Ramsey County Tax Bill

$1,862

Average North Dakota Tax Bill

$2,659

Average United States Tax Bill

$2,690

Property Tax Bills Across Hampden, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
58338	$73	$167	$213	$290	$975

Source: Ownwell