Bowman County, North Dakota Property Taxes
The median property tax rate in Bowman County is 1.18%, which is higher than the national median of 0.99% but below the North Dakota state median of 1.30%. With a median home value of $37,604, the typical annual property tax bill in Bowman County is $342, significantly lower than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often less than the actual market value due to exemptions such as those for primary residences and agricultural properties. Understanding Bowman County's property tax system, exploring available exemptions, and identifying opportunities for tax reductions can lead to notable annual savings. Whether you reside in Bowman or another part of the county, having a thorough understanding of local property taxes is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Bowman County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$444
$412
Ownwell’s Bowman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Bowman with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Bowman 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 Bowman County, North Dakota
Property taxes in Bowman County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Bowman County is 1.18%, which is higher than the U.S. national median of 0.99%. Local government entities within Bowman County set these rates annually, and they can vary significantly between different areas within the county. Each year, Bowman 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. For comparison, the city of Bowman has one of the higher property tax rates in North Dakota at 1.18%, while the city of Buffalo Springs boasts one of the lowest at 0.69%. Analyzing how Bowman County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Bowman County Tax Rate
1.18%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Bowman County, North Dakota
In Bowman 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 Bowman 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 Bowman 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. For instance, Bowman has the highest median tax bill at $453, whereas Buffalo Springs has the lowest at $143. Being aware of these valuation processes in Bowman County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Bowman County, North Dakota
Source: Ownwell
$40,320
$41,625
$42,930
Average Bowman County Assessed Value
$37,604
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Bills Across Bowman County, North Dakota
In Bowman County, ND, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as the home's location, size, and condition can influence its assessed value. For instance, in Bowman, the median home price is $37,604, significantly lower than the national median property tax rate of 0.99%. Homeowners in Bowman County experience a range of tax bills. At the 25th percentile, tax bills are around $80, while the 75th percentile sees bills up to $751, and the 90th percentile can reach $1,617. The highest median tax bill in the county is $453 in the city of Bowman, contrasting with the lowest median tax bill of $143 in Buffalo Springs. These variations affect homeowners differently, depending on their property's assessed value and the specific tax rate applied. Understanding these factors can help homeowners anticipate and manage their property tax obligations effectively.
Average Bowman County Tax Bill
$342
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690