Lakota, Nelson County, North Dakota Property Taxes
Median LAKOTA, ND effective property tax rate: 1.45%, significantly higher than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median LAKOTA, ND home value: $93,332
Median annual LAKOTA, ND tax bill: $1,119, $1,281 lower than the national median property tax bill of $2,400.
How are property taxes in Nelson calculated?
Property taxes in LAKOTA, 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 LAKOTA’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LAKOTA, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lakota, Nelson County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.45%
Estimate Property Tax Bill
$1,353
$1,256
Property Tax Rates Across Lakota, Nelson County, North Dakota
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Every year, counties estimate the budget needed to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although the process involves votes and laws, this is the essence of how it works annually.
In Lakota, located in Nelson County, North Dakota, the effective property tax rate is a point of interest, especially when compared to other cities in the state and across the nation. North Dakota's median property tax rate stands at 1.45%, which is higher than the national median of 1.02%. This indicates that property owners in Lakota may face higher property tax rates compared to the national average. Understanding these rates can be crucial for property owners considering an appeal or seeking exemptions. By being informed, property owners can make better decisions regarding their property taxes and potentially reduce their financial burden.
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 Lakota Tax Rate
1.45%
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 Nelson County Tax Rate
1.45%
Median Effective North Dakota Tax Rate
1.30%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lakota, Nelson County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58344 | 1.37% | 1.44% | 1.45% | 1.45% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Lakota, Nelson County, North Dakota
When examining property taxes in Lakota, 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 Nelson County Assessor's Office 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 Nelson 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 Lakota.
For example, the median home price in Lakota is $93,332, with tax bills ranging significantly across the county. Zip code 58344 has the highest median home price at $93,332.
Property Tax Assessment Values Across Lakota, Nelson County, North Dakota
Source: Ownwell
$93,332
$93,332
$93,332
Median Lakota Market Value
$93,332
Median Nelson County Market Value
$33,165
Median North Dakota Market Value
$217,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lakota, Nelson County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58344 | $10,708 | $26,207 | $93,332 | $99,960 | $102,582 |
Source: Ownwell
Property Tax Bills Across Lakota, Nelson County, North Dakota
In Lakota, located in Nelson County, ND, property tax bills are calculated based on the assessed value of a home, which takes into account factors such as the property's market value and local tax rates. With a median home price of $93,332, homeowners in Lakota face varying tax bills. The 25th percentile tax bill is $542, while the 75th percentile reaches $1,463, and the 90th percentile is $1,575. The median property tax bill, at $1,119, is below the national median of $2,400, offering some relief to homeowners. However, these taxes can still be a significant expense, impacting household budgets.
Ownwell provides a solution by helping homeowners appeal their tax assessments, potentially lowering their tax bills. By analyzing property data and identifying discrepancies or overvaluations, Ownwell can assist in reducing the assessed value, thus decreasing the tax burden. This service is invaluable for homeowners seeking to optimize their property tax expenses, ensuring they pay only their fair share.
Median Lakota Tax Bill
$1,119
Median Nelson County Tax Bill
$558
Median North Dakota Tax Bill
$2,659
Median United States Tax Bill
$2,400
Property Tax Bills Across Lakota, Nelson County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58344 | $247 | $542 | $1,119 | $1,463 | $1,575 |
Source: Ownwell