Powers Lake, Mountrail County, North Dakota Property Taxes
Median Powers Lake, 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 Powers Lake, ND home value: $143,800. Median annual Powers Lake, ND tax bill: $1,024, $1,376 lower than the national median property tax bill of $2,400.
How are property taxes in Mountrail 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, Mountrail 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
$992
$921
Property Tax Rates Across Powers Lake, Mountrail County, North Dakota
Local government entities are responsible for setting property tax rates, and these rates can differ significantly within a state. Each year, counties like Mountrail in North Dakota estimate their necessary budget to provide essential services. They then divide this budget by the total assessed value of all taxable properties within their jurisdiction, resulting in the property tax rate. Although the process involves votes and laws to establish tax rates and budgets, this is essentially how it functions annually.
Powers Lake's effective property tax rate can be compared to other cities in North Dakota, as well as the median property tax rates in the state and nationwide. North Dakota's median property tax rate stands below the national median, offering a comparative advantage for property owners. Understanding how Powers Lake's rate aligns with these figures can help property owners make informed decisions about potential tax savings and appeal opportunities. By staying informed about local tax rates and how they compare to state and national averages, property owners can better navigate the complexities of property taxation.
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
0.69%
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 Mountrail County Tax Rate
0.60%
Median Effective North Dakota Tax Rate
1.30%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Powers Lake, Mountrail County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58773 | 0.46% | 0.62% | 0.69% | 0.72% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Powers Lake, Mountrail 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 Mountrail 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 Mountrail 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 $143,800, with tax bills ranging significantly across the county. 58773 has the highest median home price at $143,800.
Property Tax Assessment Values Across Powers Lake, Mountrail County, North Dakota
Source: Ownwell
$83,000
$131,950
$180,900
Median Powers Lake Market Value
$143,800
Median Mountrail County Market Value
$139,300
Median North Dakota Market Value
$217,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Powers Lake, Mountrail County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58773 | $90,060 | $112,500 | $143,800 | $186,900 | $245,500 |
Source: Ownwell
Property Tax Bills Across Powers Lake, Mountrail County, North Dakota
Median Powers Lake Tax Bill
$1,024
Median Mountrail County Tax Bill
$783
Median North Dakota Tax Bill
$2,659
Median United States Tax Bill
$2,400
Property Tax Bills Across Powers Lake, Mountrail County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58773 | $425 | $703 | $1,024 | $1,269 | $1,603 |
Source: Ownwell