Lidgerwood, North Dakota Property Taxes
The median property tax rate in Lidgerwood, ND is 1.06%, 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 Lidgerwood at $9,223, the typical annual property tax bill is about $83, which is significantly below the national median of $2,690. Property taxes in Lidgerwood are determined based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Lidgerwood'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 Lidgerwood 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
Lidgerwood, 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 Lidgerwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lidgerwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lidgerwood 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 Lidgerwood, North Dakota
Property taxes in Lidgerwood, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lidgerwood is 1.11%, significantly higher than both the North Dakota state median of 0.98% and the U.S. national median of 0.99%. Local government entities within Lidgerwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lidgerwood 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 Lidgerwood's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58053 zip code has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Lidgerwood provides valuable insights into the varying tax landscape across Sargent County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lidgerwood Tax Rate
1.06%
Average Sargent County Tax Rate
1.49%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lidgerwood, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58053 | 0.69% | 0.92% | 1.06% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Lidgerwood, North Dakota
In Lidgerwood, 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 Sargent 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 Lidgerwood, 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 Lidgerwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, tax bills in the 25th percentile are around $72, while those in the 90th percentile can reach up to $214.
Average Lidgerwood Assessed Value
$9,223
Average Sargent County Assessed Value
$10,926
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lidgerwood, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58053 | $7,615 | $8,012 | $9,223 | $14,044 | $20,939 |
Source: Ownwell
Property Tax Bills Across Lidgerwood, North Dakota
In Lidgerwood, located in Sargent County, ND, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and then applies an assessment ratio to it. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. The median home price in Lidgerwood is $9,223, which is significantly lower than the national median property tax rate of 0.99%. Consequently, homeowners in Lidgerwood experience relatively lower property tax bills. For instance, the tax bill for the 25th percentile is $72, while the 75th percentile reaches $132, and the 90th percentile can go up to $214. These lower property tax bills can make homeownership more affordable, but it's important for homeowners to stay informed about any changes in property values or tax rates that could affect their annual tax obligations.
Average Lidgerwood Tax Bill
$83
Average Sargent County Tax Bill
$185
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Lidgerwood, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58053 | $61 | $72 | $83 | $132 | $214 |
Source: Ownwell