Kulm, North Dakota Property Taxes
The median property tax rate in Kulm, ND is 1.02%, 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 Kulm, the typical annual property tax bill reaches $11, significantly below the national median of $2,690. Property taxes in Kulm 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 Kulm'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 Kulm or another part of LaMoure County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kulm, North Dakota Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$2,600
Ownwell’s Kulm Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Kulm with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Kulm to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities at a glance. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by LaMoure County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Kulm, North Dakota
Property taxes in Kulm, North Dakota, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Kulm is 1.02%, which is higher than the U.S. national median of 0.99%. Local government entities within Kulm set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kulm 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. Understanding how these rates compare with other areas in LaMoure County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kulm Tax Rate
1.02%
Average Lamoure County Tax Rate
1.44%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kulm, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58456 | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Kulm, North Dakota
In Kulm, 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 LaMoure 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 Kulm, 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. For instance, homes in the 75th percentile have tax bills around $11, while those in the 90th percentile also have tax bills of $11. 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 Kulm helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kulm Assessed Value
$1,100
Average Lamoure County Assessed Value
$62,200
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kulm, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58456 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 |
Source: Ownwell
Property Tax Bills Across Kulm, North Dakota
Property tax bills in Kulm, located in LaMoure County, ND, are calculated based on the assessed value of a property, which is determined by local assessors. The assessment takes into account various factors, including the property's market value, location, and any improvements made to the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Kulm, the median home price is $1,100, which is significantly lower than the national median. Consequently, the property tax bills are relatively modest. The tax bill at the 25th, 75th, and 90th percentiles all stand at $11, reflecting a consistent and predictable tax burden for residents. This stability in property tax bills can provide homeowners with a sense of financial security, knowing that their tax obligations are manageable and unlikely to fluctuate dramatically. Overall, the property tax system in Kulm ensures that homeowners contribute fairly to local services while maintaining an affordable cost of living.
Average Kulm Tax Bill
$11
Average Lamoure County Tax Bill
$960
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Kulm, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58456 | $11 | $11 | $11 | $11 | $11 |
Source: Ownwell