Alamo, North Dakota Property Taxes
The median property tax rate in Alamo, ND is 0.70%, notably lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Alamo at $74,510, the typical annual property tax bill amounts to $489, significantly below the national median of $2,690. Property taxes in Alamo 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 Alamo'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 Alamo or another part of Williams County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alamo, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$522
Ownwell’s Alamo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alamo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alamo 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 Alamo, North Dakota
Property taxes in Alamo, 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 Alamo is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Alamo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alamo 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 Alamo's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58830 has both the highest and lowest median property tax rate of 0.70%. Understanding how these cities compare with Alamo provides valuable insights into the varying tax landscape across Williams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alamo Tax Rate
0.70%
Average Williams County Tax Rate
0.85%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alamo, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58830 | 0.70% | 0.70% | 0.70% | 0.78% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Alamo, North Dakota
In Alamo, 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 Williams 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 Alamo, 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. The median home price in Alamo is $74,510, with tax bills ranging from $317 at the 25th percentile to $1,833 at the 90th percentile. The highest and lowest median tax bills are both $489, found in the 58830 zip code. 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 Alamo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alamo Assessed Value
$74,510
Average Williams County Assessed Value
$213,050
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alamo, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58830 | $16,360 | $39,785 | $74,510 | $159,565 | $243,424 |
Source: Ownwell
Property Tax Bills Across Alamo, North Dakota
In Alamo, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The median home price in Alamo is $74,510. The assessed value is then multiplied by the local tax rate set by Williams County. This rate determines the amount homeowners owe annually. For example, homeowners in the 25th percentile pay around $317, while those in the 75th percentile pay about $1,148. At the higher end, the 90th percentile sees tax bills up to $1,833. Several factors influence these tax bills, including property size, location, and any applicable exemptions. The highest and lowest median tax bills in the area both stand at $489, indicating a relatively uniform tax rate. Compared to the national median property tax rate of 0.99%, Alamo's tax rates can significantly impact homeowners, especially those with properties valued above the median home price. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Alamo Tax Bill
$489
Average Williams County Tax Bill
$2,001
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Alamo, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58830 | $114 | $317 | $489 | $1,148 | $1,833 |
Source: Ownwell