Stirum, North Dakota Property Taxes
The median property tax rate in Stirum, ND is 0.89%, which is lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With a median home value of $150,600 in Stirum, the typical annual property tax bill amounts to $695, significantly below the national median of $2,690. Property taxes in Stirum are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stirum'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 Stirum or another part of Ransom County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stirum, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,340
Ownwell’s Stirum Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stirum with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stirum 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 Stirum, North Dakota
Property taxes in Stirum, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stirum is 0.89%, slightly lower than the U.S. national median of 0.99%. Local government entities within Stirum set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stirum 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 Stirum's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58069 has the highest median property tax rate of 0.89%, while also having the lowest median tax rate of 0.89%. Understanding how these areas compare with Stirum provides valuable insights into the varying tax landscape across Ransom County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stirum Tax Rate
0.89%
Average Ransom County Tax Rate
1.65%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stirum, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58069 | 0.34% | 0.69% | 0.89% | 0.90% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Stirum, North Dakota
In Stirum, 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 Ransom County Assessment Office 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 Stirum, 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 Stirum helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 58069, both valued at $695.
Average Stirum Assessed Value
$150,600
Average Ransom County Assessed Value
$96,500
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stirum, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58069 | $66,010 | $90,625 | $150,600 | $198,500 | $201,380 |
Source: Ownwell
Property Tax Bills Across Stirum, North Dakota
In Stirum, located in Ransom County, ND, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. The median home price in Stirum is $150,600. Homeowners in this area experience a range of property tax bills. The 25th percentile tax bill is $399, while the 75th percentile reaches $1,136, and the 90th percentile climbs to $1,507. Several factors contribute to determining the tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. These factors collectively influence how much homeowners are required to pay annually. Compared to the national median property tax rate of 0.99%, homeowners in Stirum may find their rates relatively moderate. This can significantly affect homeowners' budgets, making it crucial to understand the local property tax landscape. The highest and lowest median tax bills in the area are both $695, reflecting a consistent tax environment within the 58069 zip code.
Average Stirum Tax Bill
$695
Average Ransom County Tax Bill
$1,335
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Stirum, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58069 | $289 | $399 | $695 | $1,136 | $1,507 |
Source: Ownwell