58623 Property Tax Rate

Property owners in ZIP code 58623 (Bowman, North Dakota) pay a median of $1,331/year in property taxes on homes valued at $183,400. This translates to an effective tax rate of 0.73%, which is 13% below the North Dakota state average of 0.83%.

The monthly property tax burden for a median-valued home in 58623 is approximately $111, which factors into escrow payments on mortgages. This ZIP code is located within Bowman County.

Compared to similar ZIP codes in North Dakota, 58623 has higher property taxes. ZIP codes with similar effective rates include 58064 (0.73%) and 58647 (0.73%).

In Bowman, property taxes represent approximately 1.8% of the median household income of $72,188, providing context for the relative tax burden on homeowners in this area.

North Dakota reassesses properties at market value upon sale, with no annual cap on increases for new owners. Bowman County offers a Homestead Property Tax Credit for primary residences — contact the Bowman County Assessor's office to determine your eligibility based on household income and file before the annual deadline. Request an assessment review from the Bowman County Assessor within 30 days of receiving your notice of valuation.