Lansford, North Dakota Property Taxes
The median property tax rate in Lansford, ND is 0.89%, lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Lansford at $115,153, the typical annual property tax bill is $1,300, which is significantly below the national median of $2,690. Property taxes in Lansford are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Lansford'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 Lansford or another part of Renville County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lansford, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,025
Ownwell’s Lansford Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lansford. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Lansford to provide an accurate estimate of your property tax bill. This essential tool gives you a clear picture of potential tax liabilities, helping you make informed financial decisions. For those interested in more granular insights, scroll down to explore localized trends. The assessed value of your property is determined by the county for tax purposes and takes into account any applicable exemptions.
Property Tax Rates Across Lansford, North Dakota
Property taxes in Lansford, North Dakota, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Lansford is 0.89%, which is slightly below the U.S. national median of 0.99%. Local government entities within Lansford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lansford 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 Lansford's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58750 zip code has the highest median property tax rate of 0.89%, while the same zip code also has the lowest median tax rate of 0.89%. Understanding how these cities compare with Lansford provides valuable insights into the varying tax landscape across Renville County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lansford Tax Rate
0.89%
Average Renville County Tax Rate
1.30%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lansford, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58750 | 0.86% | 0.87% | 0.89% | 1.14% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Lansford, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Lansford, 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 Renville 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 Lansford, 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 Lansford is $115,153, with tax bills ranging from $1,259 at the 25th percentile to $1,581 at the 90th percentile. The zip code 58750 has both the highest and lowest median tax bill at $1,300. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lansford Assessed Value
$115,153
Average Renville County Assessed Value
$65,650
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lansford, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58750 | $55,949 | $80,352 | $115,153 | $150,570 | $176,083 |
Source: Ownwell
Property Tax Bills Across Lansford, North Dakota
In Lansford, located in Renville County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Lansford typically see a median property tax bill around $1300. The tax bill can vary significantly depending on the value of the property, with the 25th percentile tax bill at $1259 and the 75th percentile tax bill reaching up to $1476. For those at the 90th percentile, the tax bill can go as high as $1581. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Lansford's property tax rates are relatively moderate, which can make homeownership more affordable in this area. Understanding these factors can help homeowners anticipate their annual expenses and plan their finances accordingly.
Average Lansford Tax Bill
$1,300
Average Renville County Tax Bill
$701
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Lansford, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58750 | $1,234 | $1,259 | $1,300 | $1,476 | $1,581 |
Source: Ownwell