Powers Lake, Burke County, North Dakota Property Taxes
Median Powers Lake, ND effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median Powers Lake, ND home value: $43,650
Median annual Powers Lake, ND tax bill: $393, $2,007 lower than the national median property tax bill of $2,400.
How are property taxes in Burke County calculated?
Property taxes in Powers Lake, 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 Powers Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Powers Lake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Powers Lake, Burke County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$380
$352
Property Tax Rates Across Powers Lake, Burke County, North Dakota
Local government entities are responsible for setting property tax rates, which can differ significantly across a state. This variation occurs because each county calculates its required budget for essential services and divides it by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. While the process involves votes and laws, this annual calculation is the crux of determining tax rates.
In Powers Lake, located in Burke County, the effective property tax rate offers a unique perspective compared to other cities in North Dakota and the broader U.S. landscape. The median property tax rate in North Dakota is 0.87%, which is below the national median of 1.02%. This makes North Dakota an attractive option for property owners looking for a lower tax burden. Powers Lake's rate aligns with this state median, providing residents with a favorable tax environment. Such competitive rates can be a significant factor for potential homeowners and investors when deciding where to purchase property. Understanding these nuances can help property owners make informed decisions and potentially reduce their tax liabilities.
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 Powers Lake Tax Rate
0.87%
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 Burke County Tax Rate
0.87%
Median Effective North Dakota Tax Rate
1.30%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Powers Lake, Burke County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58773 | 0.75% | 0.82% | 0.87% | 0.87% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Powers Lake, Burke County, North Dakota
When examining property taxes in Powers Lake, 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 Burke 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 Burke 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 Powers Lake. For example, the median home price in Powers Lake is $43,650, with tax bills ranging significantly across the county. ZIP code 58773 has the highest median home price at $43,650.
Property Tax Assessment Values Across Powers Lake, Burke County, North Dakota
Source: Ownwell
$43,650
$43,650
$43,650
Median Powers Lake Market Value
$43,650
Median Burke County Market Value
$39,200
Median North Dakota Market Value
$217,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Powers Lake, Burke County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58773 | $30,470 | $39,675 | $43,650 | $63,970 | $102,348 |
Source: Ownwell
Property Tax Bills Across Powers Lake, Burke County, North Dakota
Median Powers Lake Tax Bill
$393
Median Burke County Tax Bill
$381
Median North Dakota Tax Bill
$2,659
Median United States Tax Bill
$2,400
Property Tax Bills Across Powers Lake, Burke County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58773 | $242 | $292 | $393 | $504 | $888 |
Source: Ownwell