Jamestown, North Dakota Property Taxes
The median property tax rate in Jamestown, ND is 1.45%, 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 Jamestown at $109,300, the typical annual property tax bill reaches $1,555, exceeding the national median of $2,690. Property taxes in Jamestown 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 Jamestown'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 Jamestown 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
Jamestown, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$1,585
Ownwell’s Jamestown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jamestown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jamestown 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 Jamestown, North Dakota
Property taxes in Jamestown, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jamestown is 1.45%, significantly higher than the U.S. national median of 0.99%. Local government entities within Jamestown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jamestown 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 Jamestown's effective property tax rate to other areas in North Dakota and the national median. For comparison, the 58401 zip code has the highest median property tax rate of 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these areas compare with Jamestown provides valuable insights into the varying tax landscape across Stutsman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jamestown Tax Rate
1.45%
Average Stutsman County Tax Rate
1.45%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jamestown, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58401 | 0.87% | 1.38% | 1.45% | 1.62% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Jamestown, North Dakota
In Jamestown, 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 Stutsman 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 Jamestown, 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 Jamestown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Jamestown is $109,300, with tax bills ranging from $986 at the 25th percentile to $3,713 at the 90th percentile. The zip code 58401 has the highest and lowest median tax bill at $1,555.
Average Jamestown Assessed Value
$109,300
Average Stutsman County Assessed Value
$99,515
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jamestown, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58401 | $32,375 | $63,388 | $109,300 | $171,680 | $281,494 |
Source: Ownwell
Property Tax Bills Across Jamestown, North Dakota
In Jamestown, located in Stutsman County, ND, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Jamestown is $109,300, and the tax rate is applied to this value to calculate the tax bill. Several factors influence the assessed value, including the property's market value, its size, location, and any improvements made. Homeowners in Jamestown can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is $986, while the 75th percentile tax bill is $2,287, and the 90th percentile tax bill reaches $3,713. These property taxes can impact homeowners by affecting their monthly mortgage payments and overall affordability of owning a home. Compared to the national median property tax rate of 0.99%, Jamestown's property tax rates can be seen as relatively moderate, providing a balanced approach to funding local services and infrastructure.
Average Jamestown Tax Bill
$1,555
Average Stutsman County Tax Bill
$1,456
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Jamestown, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58401 | $560 | $986 | $1,555 | $2,287 | $3,713 |
Source: Ownwell