Ambrose, North Dakota Property Taxes
The median property tax rate in Ambrose, ND is 1.02%, slightly higher than the national median of 0.99%, yet lower than the North Dakota state median of 1.30%. With a median home value of $146,600 in Ambrose, the typical annual property tax bill amounts to $1,493, which is below the national median of $2,690. Property taxes in Ambrose are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Ambrose'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 Ambrose 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
Ambrose, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$1,495
$1,388
Ownwell’s Ambrose Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ambrose with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ambrose 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 Ambrose, North Dakota
Property taxes in Ambrose, 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 Ambrose is 1.02%, which is higher than the U.S. national median of 0.99%. Local government entities within Ambrose set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ambrose 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 Ambrose's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58833 has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these areas compare with Ambrose 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 Ambrose Tax Rate
1.02%
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 Ambrose, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58833 | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Ambrose, North Dakota
In Ambrose, 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 Ambrose, 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. With a median home price of $146,600 and the median tax bill at $1,493, Ambrose's property taxes are lower than the national median property tax rate of 0.99%. The zip code 58833 has both the highest and lowest median tax bill at $1,493. Being aware of these valuation processes in Ambrose helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ambrose Assessed Value
$146,600
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 Ambrose, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58833 | $146,600 | $146,600 | $146,600 | $146,600 | $146,600 |
Source: Ownwell
Property Tax Bills Across Ambrose, North Dakota
Property tax bills in Ambrose, located in Divide County, ND, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and applies an assessment ratio. For instance, a median home price in Ambrose is $146,600. The local tax rate is then applied to the assessed value to determine the annual tax bill. In Ambrose, the median property tax bill is $1,493, which is higher than the national median property tax rate of 0.99%. This means that homeowners in Ambrose can expect to pay a significant amount in property taxes each year, which can impact their overall cost of homeownership. Factors such as changes in property values, local government budgets, and tax rate adjustments can influence the tax bill. Understanding these factors can help homeowners anticipate and manage their property tax obligations effectively.
Average Ambrose Tax Bill
$1,493
Average Divide County Tax Bill
$884
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Ambrose, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58833 | $1,493 | $1,493 | $1,493 | $1,493 | $1,493 |
Source: Ownwell