Larimore, Grand Forks County, North Dakota Property Taxes
Median Larimore, ND effective property tax rate: 1.77%, significantly higher than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median Larimore, ND home value: $133,400
Median annual Larimore, ND tax bill: $2,039, $361 lower than the national median property tax bill of $2,400.
How are property taxes in Grand Forks calculated?
Property taxes in Larimore, 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 Larimore’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Larimore, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Larimore, Grand Forks County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.77%
Estimate Property Tax Bill
$2,361
$2,191
Property Tax Rates Across Larimore, Grand Forks County, North Dakota
Local government entities are responsible for setting tax rates, which can vary significantly within a state. The reason for this variation lies in the annual process where each county estimates its budget needs to provide essential services. This budget is then divided by the total value of all taxable property within the county, resulting in the property tax rate. Although the setting of tax rates and budgets involves votes and laws, this is the fundamental process that occurs each year.
In Larimore, located in Grand Forks County, the effective property tax rate is a key consideration for homeowners. Larimore's rate stands at 1.77%, which is notably higher than the national median property tax rate of 1.02%. This rate matches the highest and lowest median tax rates within the state, indicating a consistent approach to property taxation in the area. For residents, understanding how these rates compare to both state and national figures is crucial for financial planning and property investment decisions.
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 Larimore Tax Rate
1.77%
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 Grand Forks County Tax Rate
1.49%
Median Effective North Dakota Tax Rate
1.30%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Larimore, Grand Forks County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58251 | 0.89% | 1.20% | 1.77% | 2.00% | 2.36% |
Source: Ownwell
Property Tax Assessment Values Across Larimore, Grand Forks County, North Dakota
When examining property taxes in Larimore, 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 Grand Forks 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 Grand Forks 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 Larimore. For example, the median home price in Larimore is $133,400, with tax bills ranging significantly across the county. Zip code 58251 has the highest median home price at $133,400.
Property Tax Assessment Values Across Larimore, Grand Forks County, North Dakota
Source: Ownwell
$31,300
$130,600
$229,900
Median Larimore Market Value
$133,400
Median Grand Forks County Market Value
$201,100
Median North Dakota Market Value
$217,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Larimore, Grand Forks County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58251 | $51,770 | $80,300 | $133,400 | $171,500 | $214,410 |
Source: Ownwell
Property Tax Bills Across Larimore, Grand Forks County, North Dakota
Median Larimore Tax Bill
$2,039
Median Grand Forks County Tax Bill
$2,953
Median North Dakota Tax Bill
$2,659
Median United States Tax Bill
$2,400
Property Tax Bills Across Larimore, Grand Forks County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58251 | $775 | $1,349 | $2,039 | $2,837 | $3,318 |
Source: Ownwell