Lincoln, North Dakota Property Taxes
The median property tax rate in Lincoln, ND is 1.19%, slightly higher than the national median of 0.99% but lower than the North Dakota state median of 1.30%. With the median home value in Lincoln at $202,600, the typical annual property tax bill reaches $2,370, which is below the national median of $2,690. Property taxes in Lincoln are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lincoln'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 Lincoln 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
Lincoln, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$2,411
Ownwell’s Lincoln Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Lincoln with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Lincoln to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Lincoln, North Dakota
Property taxes in Lincoln, ND, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lincoln is 1.19%, significantly higher than the U.S. national median of 0.99%. Local government entities within Lincoln set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lincoln 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 Lincoln's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58504 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Lincoln provides valuable insights into the varying tax landscape across Burleigh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lincoln Tax Rate
1.19%
Average Burleigh County Tax Rate
1.14%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lincoln, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58504 | 1.14% | 1.14% | 1.19% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Lincoln, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Lincoln, 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 Burleigh 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 Lincoln, 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 25th percentile tax bill in Lincoln is $2,191, while the 75th percentile tax bill is $2,682. The highest and lowest median tax bills are both $2,370 in the 58504 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lincoln Assessed Value
$202,600
Average Burleigh County Assessed Value
$262,900
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lincoln, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58504 | $176,000 | $187,500 | $202,600 | $232,200 | $263,400 |
Source: Ownwell
Property Tax Bills Across Lincoln, North Dakota
In Lincoln, Burleigh County, ND, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor's office, which evaluates the property's market value and then applies an assessment ratio. Homeowners in Lincoln face a median property tax bill of $2,370, which is higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's location, size, and any improvements made to it. For instance, homes in the 25th percentile of tax bills pay around $2,191, while those in the 75th percentile face bills closer to $2,682. Properties in the 90th percentile can see tax bills as high as $3,014. These property taxes fund essential services like public schools, infrastructure, and emergency services, directly impacting the quality of life for Lincoln residents. For homeowners, understanding these factors can help in planning and managing their annual expenses more effectively.
Average Lincoln Tax Bill
$2,370
Average Burleigh County Tax Bill
$2,929
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Lincoln, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58504 | $2,027 | $2,191 | $2,370 | $2,682 | $3,014 |
Source: Ownwell