Hardin, Montana Property Taxes
The median property tax rate in Hardin, MT is 1.18%, considerably higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Hardin at $125,400, the typical annual property tax bill reaches $1,476, exceeding the national median of $2,690. Property taxes in Hardin are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hardin's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hardin or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hardin, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$1,480
Ownwell’s Hardin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hardin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hardin to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Hardin, Montana
Property taxes in Hardin, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hardin is 1.18%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hardin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hardin estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Hardin's effective property tax rate to other counties in Montana and the national median. For comparison, the 59034 zip code has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Hardin provides valuable insights into the varying tax landscape across Big Horn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hardin Tax Rate
1.18%
Average Big Horn County Tax Rate
1.09%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hardin, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59034 | 1.02% | 1.05% | 1.18% | 1.18% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Hardin, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hardin, Montana. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Big Horn County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Hardin, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Hardin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $125,400, with tax bills ranging from $822 at the 25th percentile to $2,950 at the 90th percentile. The zip code 59034 has both the highest and lowest median tax bill of $1,476.
Average Hardin Assessed Value
$125,400
Average Big Horn County Assessed Value
$96,282
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hardin, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59034 | $12,558 | $68,067 | $125,400 | $181,155 | $265,241 |
Source: Ownwell
Property Tax Bills Across Hardin, Montana
In Hardin, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessed value is a percentage of the market value, and it is used to determine the amount of property taxes owed. Factors such as property size, location, and condition can influence the assessed value. In Big Horn County, where Hardin is located, the median home price is $125,400. Homeowners in Hardin can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is $822, while at the 75th percentile, it rises to $2,101. At the 90th percentile, the tax bill can be as high as $2,950. The median property tax rate in Hardin aligns closely with the national median of 0.99%, making it relatively comparable to other areas in the United States. These taxes play a crucial role in funding local services, including schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Hardin Tax Bill
$1,476
Average Big Horn County Tax Bill
$1,275
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Hardin, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59034 | $199 | $822 | $1,476 | $2,101 | $2,950 |
Source: Ownwell