Rhame, Bowman County, North Dakota Property Taxes
Median Rhame, 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 Rhame, ND home value: $40,320
Median annual Rhame, ND tax bill: $259, $2,141 lower than the national median property tax bill of $2,400.
How are property taxes in Bowman County calculated?
Property taxes in Rhame, 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 Rhame’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Rhame, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Rhame, Bowman County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.69%
Estimate Property Tax Bill
$278
$258
Property Tax Rates Across Rhame, Bowman County, North Dakota
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation occurs because each county annually determines its budgetary needs for services and divides that amount by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although the process involves votes and legislation, this is essentially how property tax rates are set each year.
In Rhame, located in Bowman County, the effective property tax rate is a reflection of this process. When compared to other cities within North Dakota, Rhame's rate is consistent with the state's median property tax rate. However, it is notably lower than the national median property tax rate of 1.02%. This provides a more affordable property tax environment for Rhame residents compared to the national average. Understanding these rates can help property owners in Rhame make informed decisions about their investments and financial planning.
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 Rhame Tax Rate
0.69%
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 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 Rhame, Bowman County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58651 | 0.69% | 0.69% | 0.69% | 0.93% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Rhame, Bowman County, North Dakota
When examining property taxes in Rhame, 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.
In Bowman County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Rhame. For example, the median home price in Rhame is $40,320, with tax bills ranging significantly across the county. 58651 has the highest median home price at $40,320.
Property Tax Assessment Values Across Rhame, Bowman County, North Dakota
Source: Ownwell
$40,320
$41,625
$42,930
Median Rhame Market Value
$40,320
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 Rhame, Bowman County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58651 | $2,630 | $17,688 | $40,320 | $78,624 | $91,336 |
Source: Ownwell
Property Tax Bills Across Rhame, Bowman County, North Dakota
In Rhame, located in Bowman County, ND, property tax bills are calculated based on the assessed value of each home. The median home price in this area is $40,320, which is significantly lower than the national median. Homeowners in Rhame can expect a property tax bill that varies, with the 25th percentile at $65 and the 90th percentile reaching $491. The median tax bill in this region is $259, which is considerably below the national median property tax bill of $2,400. This lower tax burden can be attributed to the region's lower home values and tax rates.
Factors influencing the tax bill include the property's assessed value and the local tax rate. These taxes fund essential public services, impacting homeowners' overall expenses. Ownwell can assist homeowners in Rhame by identifying potential savings through property tax appeals and exemptions. By ensuring accurate assessments and exploring available exemptions, Ownwell helps reduce the financial burden of property taxes, allowing homeowners to save money and better manage their finances.
Median Rhame Tax Bill
$259
Median Bowman County Tax Bill
$342
Median North Dakota Tax Bill
$2,659
Median United States Tax Bill
$2,400
Property Tax Bills Across Rhame, Bowman County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58651 | $15 | $65 | $259 | $358 | $491 |
Source: Ownwell