Des Lacs, North Dakota Property Taxes
The median property tax rate in DES LACS, ND is 1.05%, 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 DES LACS at $187,500, the typical annual property tax bill comes to $2,051, which is below the national median of $2,690. Property taxes in DES LACS are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding DES LACS'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 DES LACS 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
Des Lacs, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,969
Ownwell’s DES LACS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DES LACS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DES LACS 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 Des Lacs, North Dakota
Property taxes in Des Lacs, North Dakota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Des Lacs is 1.05%, which is higher than the North Dakota state median of 0.98% and the U.S. national median of 0.99%. Local government entities within Des Lacs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Des Lacs 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 Des Lacs' effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58733 zip code has both the highest and lowest median property tax rate of 1.05%. Understanding how these cities compare with Des Lacs provides valuable insights into the varying tax landscape across Ward County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Des Lacs Tax Rate
1.05%
Average Ward County Tax Rate
1.65%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Des Lacs, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58733 | 0.99% | 1.00% | 1.05% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Des Lacs, North Dakota
In DES LACS, 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 Ward 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 DES LACS, 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 DES LACS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in DES LACS is $187,500, with tax bills ranging from $1,363 at the 25th percentile to $3,995 at the 90th percentile. The zip code 58733 has both the highest and lowest median tax bill at $2,051.
Average Des Lacs Assessed Value
$187,500
Average Ward County Assessed Value
$201,000
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Des Lacs, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58733 | $82,900 | $131,750 | $187,500 | $309,250 | $390,700 |
Source: Ownwell
Property Tax Bills Across Des Lacs, North Dakota
In Des Lacs, located in Ward County, ND, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value, determined by local assessors. Homeowners in Des Lacs face property tax bills that can vary significantly. For instance, the 25th percentile tax bill is $1,363, while the 75th percentile tax bill is $3,085, and the 90th percentile tax bill reaches $3,995. These figures indicate a wide range of tax burdens depending on property values and exemptions. The median home price in Des Lacs is $187,500, and with the national median property tax rate at 0.99%, local rates can significantly impact homeowners' expenses. The highest and lowest median tax bills in the region both stand at $2,051, reflecting consistent property valuations within certain areas. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Des Lacs Tax Bill
$2,051
Average Ward County Tax Bill
$2,940
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Des Lacs, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58733 | $827 | $1,363 | $2,051 | $3,085 | $3,995 |
Source: Ownwell