Nome, Ransom County, North Dakota Property Taxes

Name: Property Tax Bills Across Nome, Ransom County, North Dakota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Nome, ND effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median Nome, ND home value: $77,700
Median annual Nome, ND tax bill: $697, $1,703 lower than the national median property tax bill of $2,400.

How are property taxes in Ransom calculated?

Property taxes in Nome, ND are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Nome’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Nome, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Nome, Ransom County, North Dakota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.9%

Estimate Property Tax Bill

$699

$649

Ownwell’s Nome Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Nome with just two data points. By entering your property's estimated assessed value, our calculator applies Nome’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Ransom County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Nome, Ransom County, North Dakota

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential services and then divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Nome, located in Ransom County, North Dakota, the effective property tax rate can be compared to other cities within the state and to the national median. North Dakota's median property tax rate is slightly below the national median of 1.02%, making it an attractive option for property owners seeking lower tax rates. With the national median property tax bill at $2,400, property owners in Nome may find their tax bills to be more favorable compared to many other regions across the country. Understanding these differences can help property owners make informed decisions about where to invest and manage their real estate portfolios effectively.

Property Tax Rates Across Nome, Ransom County, North Dakota

Source: Ownwell

0.79%

1.27%

1.74%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Nome Taxx Rate

0.90%

Median Effective Ransom County Taxx Rate

1.65%

Median Effective North Dakota Tax Rate

1.30%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Nome, Ransom County, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
58062	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Nome, Ransom County, North Dakota

When examining property taxes in Nome, ND, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Ransom County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Ransom County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Nome. For example, the median home price in Nome is $77,700, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Nome, Ransom County, North Dakota

Source: Ownwell

$30,200

$90,300

$150,400

Median Nome Market Value

$77,700

Median Ransom County Market Value

$96,500

Median North Dakota Market Value

$217,800

Median United States Market Value

$244,900

Property Tax Assessment Values Across Nome, Ransom County, North Dakota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
58062	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Nome, Ransom County, North Dakota

In Nome, located in Ransom County, ND, property tax bills are determined based on the assessed value of a home and the local tax rate. With a median home price of $77,700, homeowners in Nome face property tax bills that can vary significantly. The 25th percentile tax bill is $697, while the 75th percentile reaches $2,035, and the 90th percentile is $2,222. These figures indicate that property tax bills can be a significant financial burden for some homeowners, especially when compared to the national median property tax bill of $2,400. Factors such as changes in property value and local tax rates can further influence the amount owed. Homeowners can benefit from appealing their property assessments to ensure they are not overpaying. Ownwell offers expert property tax appeal services, helping homeowners in Nome potentially reduce their tax bills by identifying discrepancies in assessed values and ensuring fair taxation. By leveraging Ownwell's expertise, homeowners can achieve substantial savings and alleviate the financial impact of property taxes.

Property Tax Bills Across Nome, Ransom County, North Dakota

Source: Ownwell

$236

$939

$1,642

Median Nome Tax Bill

$697

Median Ransom County Tax Bill

$1,335

Median North Dakota Tax Bill

$2,659

Median United States Tax Bill

$2,690

Property Tax Bills Across Nome, Ransom County, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
58062	N/A	N/A	N/A	N/A	N/A

Source: Ownwell