Dickinson, North Dakota Property Taxes
The median property tax rate in Dickinson, ND is 0.72%, which is 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 Dickinson, the typical annual property tax bill amounts to $1,461, significantly below the national median of $2,690. Property taxes in Dickinson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dickinson'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 Dickinson 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
Dickinson, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,300
$1,206
Ownwell’s Dickinson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dickinson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dickinson 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 Dickinson, North Dakota
Property taxes in Dickinson, 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 Dickinson is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Dickinson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dickinson 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 Dickinson's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58601 in Dickinson has the highest median property tax rate of 0.72%, while the same zip code also has the lowest median tax rate of 0.72%. Understanding how these cities compare with Dickinson provides valuable insights into the varying tax landscape across Dunn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dickinson Tax Rate
0.72%
Average Dunn County Tax Rate
0.72%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dickinson, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58601 | 0.57% | 0.72% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Dickinson, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Dickinson, 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 local appraisal authorities 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 Dickinson, 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dickinson is $180,490. The highest and lowest median tax bills are both $1,461 in the 58601 zip code, which underscores the importance of understanding property tax calculations to ensure fair assessments.
Average Dickinson Assessed Value
$180,490
Average Dunn County Assessed Value
$119,040
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dickinson, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58601 | $40,657 | $89,998 | $180,490 | $355,178 | $476,797 |
Source: Ownwell
Property Tax Bills Across Dickinson, North Dakota
In Dickinson, ND, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the local assessor's office, which evaluates the property's market value and applies an assessment ratio to it. Factors such as property size, location, and market conditions are considered in this evaluation. In Dunn County, the median home price is $180,490, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $649, while the 75th percentile tax bill is $2,528, and the 90th percentile tax bill reaches $3,448. The highest median tax bill in the area is $1,461. Compared to the national median property tax rate of 0.99%, Dickinson homeowners face a varied tax landscape. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly affecting homeowners by influencing both their annual expenses and the overall quality of community services.
Average Dickinson Tax Bill
$1,461
Average Dunn County Tax Bill
$774
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Dickinson, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58601 | $272 | $649 | $1,461 | $2,528 | $3,448 |
Source: Ownwell