Lakota, Ramsey County, North Dakota Property Taxes
Median Lakota, ND effective property tax rate: 1.01%, slightly lower than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median Lakota, ND home value: $41,450
Median annual Lakota, ND tax bill: $425, $1,975 lower than the national median property tax bill of $2,400.
How are property taxes in Ramsey 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, Ramsey County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.01%
Estimate Property Tax Bill
$419
$388
Property Tax Rates Across Lakota, Ramsey County, North Dakota
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This is because each county annually calculates its required budget to provide essential services and divides that by the total assessed value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Lakota, located in Nelson County, North Dakota, the effective property tax rate offers a unique perspective when compared to other cities within the state. North Dakota's median property tax rate is 0.98%, which is slightly below the national median of 1.02%. This difference highlights the variability in tax rates across different regions. Additionally, the median property tax bill in North Dakota is $1,830, which is significantly lower than the national median property tax bill of $2,400. Such comparisons provide insight into how local tax rates in Lakota stand relative to broader state and national trends, offering homeowners a clearer understanding of their property tax obligations.
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
1.01%
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 Ramsey County Tax Rate
1.26%
Median Effective North Dakota Tax Rate
1.30%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lakota, Ramsey County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58344 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Lakota, Ramsey 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 Ramsey 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 Ramsey 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 $41,450, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Lakota, Ramsey County, North Dakota
Source: Ownwell
$10,300
$87,800
$165,300
Median Lakota Market Value
$41,450
Median Ramsey County Market Value
$147,600
Median North Dakota Market Value
$217,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lakota, Ramsey County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58344 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Lakota, Ramsey County, North Dakota
In Lakota, Ramsey County, ND, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The median home price here is $41,450. The property tax rate is then applied to this assessed value to calculate the tax bill. In Lakota, property tax bills vary significantly, with the 25th percentile at $57 and the 90th percentile reaching $827. This variation highlights the influence of home value assessments and local tax rates on tax bills.
For homeowners, these taxes can be a significant expense, impacting monthly budgets and long-term financial planning. With the national median property tax rate at 1.02% and a median bill of $2,400, Lakota's property tax bills are relatively low, but any savings can still make a difference.
Ownwell can assist homeowners in Lakota by identifying potential errors in property assessments and ensuring that exemptions are applied, potentially reducing tax liabilities. By appealing over-assessed property values, Ownwell helps homeowners save money and ease the burden of property taxes.
Median Lakota Tax Bill
$425
Median Ramsey County Tax Bill
$1,862
Median North Dakota Tax Bill
$2,659
Median United States Tax Bill
$2,400
Property Tax Bills Across Lakota, Ramsey County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58344 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell