Alamo, North Dakota Property Taxes
The median property tax rate in Alamo, ND is 1.05%, slightly higher than the national median of 0.99% but lower than North Dakota's state median of 1.30%. With the median home value in Alamo at $153,050, the typical annual property tax bill reaches $1,605, which is below the national median of $2,690. Property taxes in Alamo are calculated based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. 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 the city, 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
1.05%
Estimate Property Tax Bill
$1,607
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 1.05%, which is higher 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 Divide County and the national median. For comparison, the 58830 zip code has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these areas compare with Alamo provides valuable insights into the varying tax landscape across Divide County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alamo Tax Rate
1.05%
Average Divide County Tax Rate
1.04%
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 | 1.04% | 1.04% | 1.05% | 1.05% | 1.06% |
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 Divide 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. 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. The zip code with both the highest and lowest median tax bill is 58830, with a median tax bill of $1,605.
Average Alamo Assessed Value
$153,050
Average Divide County Assessed Value
$81,050
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 | $151,090 | $151,825 | $153,050 | $154,275 | $155,010 |
Source: Ownwell
Property Tax Bills Across Alamo, North Dakota
In Alamo, ND, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the tax rate is applied to calculate the annual tax bill. Homeowners in Alamo experience tax bills that vary slightly, with the 25th percentile tax bill at $1,600 and the 75th percentile at $1,610. The 90th percentile reaches up to $1,613, indicating a relatively narrow range. This consistency in tax bills can provide a level of predictability for homeowners. Comparing these figures to the national median property tax rate of 0.99%, Alamo's property tax bills are relatively high, reflecting the local market conditions and funding needs. Understanding how these taxes are calculated helps homeowners plan their finances and anticipate their annual obligations.
Average Alamo Tax Bill
$1,605
Average Divide County Tax Bill
$884
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 | $1,596 | $1,600 | $1,605 | $1,610 | $1,613 |
Source: Ownwell