Buffalo Springs, Bowman County, North Dakota Property Taxes

Name: Property Tax Bills Across Buffalo Springs, Bowman County, North Dakota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Buffalo Springs, ND effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, but lower than the North Dakota state median of 1.30%. Median Buffalo Springs, ND home value: $29,138. Median annual Buffalo Springs, ND tax bill: $143, $2,257 lower than the national median property tax bill of $2,400.

How are property taxes in Bowman calculated?

Property taxes in Buffalo Springs, ND are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Buffalo Springs’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Buffalo Springs, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Buffalo Springs, Bowman County, North Dakota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.69%

Estimate Property Tax Bill

$201

$187

Ownwell’s Buffalo Springs Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Buffalo Springs with just two data points. By entering your property's estimated assessed value, our calculator applies Buffalo Springs’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bowman. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Buffalo Springs, Bowman County, North Dakota

Local government entities set tax rates, which can vary widely within a state. In Buffalo Springs, Bowman County, ND, the process of determining property taxes involves estimating the required budget to provide services and dividing that by the total value of all taxable property within the jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the essence of the annual process. In Buffalo Springs, the effective property tax rate stands out when compared to other cities in North Dakota and the national median. The median property tax rate in North Dakota is notably lower than the national median of 1.02%. This means homeowners in Buffalo Springs may enjoy a more favorable tax rate compared to many other parts of the country. Understanding these differences can help property owners make informed decisions about their investments and potential savings through property tax appeals or exemptions.

Property Tax Rates Across Buffalo Springs, Bowman County, North Dakota

Source: Ownwell

0.69%

0.94%

1.18%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Buffalo Springs Tax Rate

0.69%

Median Effective Bowman County Tax Rate

1.18%

Median Effective North Dakota Tax Rate

1.30%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Buffalo Springs, Bowman County, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
58623	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Buffalo Springs, Bowman County, North Dakota

When examining property taxes in Buffalo Springs, ND, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bowman County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Bowman County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Buffalo Springs. For example, the median home price in Buffalo Springs is $29,138, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Buffalo Springs, Bowman County, North Dakota

Source: Ownwell

$40,320

$41,625

$42,930

Median Buffalo Springs Market Value

$29,138

Median Bowman County Market Value

$37,604

Median North Dakota Market Value

$217,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Buffalo Springs, Bowman County, North Dakota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
58623	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Buffalo Springs, Bowman County, North Dakota

In Buffalo Springs, located in Bowman County, ND, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the home's market value, which is determined by local assessors. Once the assessed value is established, a tax rate set by local authorities is applied to calculate the final property tax bill. Homeowners in Buffalo Springs face a median property tax bill of $143, significantly lower than the national median of $2,400. This low tax bill can be attributed to the area's relatively low median home price of $29,138.

Factors influencing property tax bills include changes in market conditions, local government budgets, and the number of public services required. These factors can lead to fluctuations in annual tax bills, impacting a homeowner's financial planning. Ownwell offers expert property tax appeal and exemption services to help homeowners in Buffalo Springs ensure their property tax assessments are fair. By leveraging market data and local knowledge, Ownwell can potentially reduce your property tax burden, providing peace of mind and financial savings.

Property Tax Bills Across Buffalo Springs, Bowman County, North Dakota

Source: Ownwell

$259

$356

$453

Median Buffalo Springs Tax Bill

$143

Median Bowman County Tax Bill

$342

Median North Dakota Tax Bill

$2,659

Median United States Tax Bill

$2,400

Property Tax Bills Across Buffalo Springs, Bowman County, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
58623	N/A	N/A	N/A	N/A	N/A

Source: Ownwell