Belcourt, North Dakota Property Taxes
The median property tax rate in Belcourt, ND is 0.55%, significantly lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Belcourt at $19,100, the typical annual property tax bill is $106, far below the national median of $2,690. Property taxes in Belcourt are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Belcourt's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Belcourt or another part of Rolette County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belcourt, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$105
-$1,101
Ownwell’s Belcourt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belcourt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belcourt 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 Belcourt, North Dakota
Property taxes in Belcourt, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belcourt is 0.55%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Belcourt set these rates annually, and they can vary across different neighborhoods. Each year, Belcourt 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 Belcourt's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58316 has the highest median property tax rate of 0.55%, while the same zip code also holds the lowest median tax rate of 0.55%. Understanding how these rates compare with Belcourt provides valuable insights into the tax landscape across Rolette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belcourt Tax Rate
0.55%
Average Rolette County Tax Rate
1.49%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belcourt, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58316 | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Belcourt, North Dakota
In Belcourt, 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 Rolette 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 Belcourt, 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 Belcourt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Belcourt is $106 in the 58316 zip code, which is also the lowest median tax bill.
Average Belcourt Assessed Value
$19,100
Average Rolette County Assessed Value
$64,000
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belcourt, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58316 | $16,200 | $17,700 | $19,100 | $23,100 | $23,460 |
Source: Ownwell
Property Tax Bills Across Belcourt, North Dakota
In Belcourt, located in Rolette County, ND, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $19,100, which is significantly lower than the national median. Property taxes are determined by multiplying the assessed value by the local tax rate, which results in varying tax bills. For instance, homeowners in the 25th percentile pay around $98 annually, while those in the 75th percentile pay about $128. The highest median tax bill recorded in the area is $106, which is relatively modest compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Lower property values in Belcourt lead to lower tax bills, providing some financial relief to homeowners. However, even modest tax bills can impact household budgets, emphasizing the importance of understanding how these taxes are calculated and managed.
Average Belcourt Tax Bill
$106
Average Rolette County Tax Bill
$820
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Belcourt, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58316 | $90 | $98 | $106 | $128 | $130 |
Source: Ownwell