Devils Lake, North Dakota Property Taxes
The median property tax rate in Devils Lake, ND is 1.49%, considerably higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Devils Lake at $165,300, the typical annual property tax bill reaches $2,085, still below the national median of $2,690. Property taxes in Devils Lake 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 Devils Lake'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 Devils Lake 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
Devils Lake, 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 Devils Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Devils Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Devils Lake 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 Devils Lake, North Dakota
Property taxes in Devils Lake, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Devils Lake is 1.49%, significantly higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Devils Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Devils Lake 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 Devils Lake's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58301 zip code has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with Devils Lake provides valuable insights into the varying tax landscape across Ramsey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Devils Lake Tax Rate
1.49%
Average Ramsey County Tax Rate
1.26%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Devils Lake, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58301 | 1.03% | 1.04% | 1.49% | 1.49% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Devils Lake, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Devils Lake, 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 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 Devils Lake, 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 Devils Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $2,085, specifically in the 58301 zip code.
Property Tax Assessment Values Across Devils Lake, North Dakota
Source: Ownwell
$10,300
$87,800
$165,300
Average Devils Lake Assessed Value
$165,300
Average Ramsey County Assessed Value
$147,600
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Devils Lake, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58301 | $48,220 | $95,000 | $165,300 | $241,700 | $344,440 |
Source: Ownwell
Property Tax Bills Across Devils Lake, North Dakota
In Devils Lake, located in Ramsey County, ND, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property’s market value. Homeowners in Devils Lake can expect their property tax bills to vary significantly based on the assessed value of their homes and applicable tax rates. For example, the median home price in Devils Lake is $165,300. Property tax bills can range from the 25th percentile at $1,208 to the 75th percentile at $2,982, with the 90th percentile reaching up to $3,886. These figures highlight how property taxes can impact homeowners differently, depending on the value of their property. The highest and lowest median tax bills in the area are both $2,085, which is consistent across the zip code 58301. Compared to the national median property tax rate of 0.99%, Devils Lake's tax bills reflect the local economic conditions and property values, affecting how much homeowners pay annually.
Average Devils Lake Tax Bill
$2,085
Average Ramsey County Tax Bill
$1,862
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Devils Lake, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58301 | $583 | $1,208 | $2,085 | $2,982 | $3,886 |
Source: Ownwell