Havre, Montana Property Taxes
The median property tax rate in Havre, MT is 1.10%, considerably higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Havre, the typical annual property tax bill reaches $2,773, slightly exceeding the national median of $2,690. Property taxes in Havre 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 Havre'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 Havre 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
Havre, Montana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,660
Ownwell’s Havre Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Havre with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Havre to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Havre, Montana
Property taxes in Havre, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Havre is 1.10%, which is higher than the U.S. national median of 0.99%. Local government entities within Havre set these rates annually, and they can vary significantly across different neighborhoods. Each year, Havre 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 Havre's effective property tax rate to other counties in Montana and the national median. For comparison, the 59501 zip code has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Havre provides valuable insights into the varying tax landscape across Blaine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Havre Tax Rate
1.10%
Average Blaine County Tax Rate
1.39%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Havre, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59501 | 0.69% | 1.01% | 1.10% | 1.11% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Havre, Montana
In Havre, Montana, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Blaine 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 Havre, 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 Havre helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,773, found in zip code 59501.
Average Havre Assessed Value
$266,164
Average Blaine County Assessed Value
$134,724
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Havre, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59501 | $14,241 | $60,495 | $266,164 | $465,974 | $3,658,084 |
Source: Ownwell
Property Tax Bills Across Havre, Montana
In Havre, Blaine County, MT, property tax bills are calculated based on the assessed value of your home, which is determined by the local assessor's office. The assessed value is a percentage of the market value, reflecting the current worth of the property. Homeowners in Havre experience a range of property tax bills, with the 25th percentile paying around $165 and the 75th percentile facing up to $5,280 annually. The highest median tax bill in the area reaches $2,773, which is consistent across the zip code 59501. Factors such as property size, location, and improvements can influence the assessed value, ultimately affecting the tax bill. Compared to the national median property tax rate of 0.99%, Havre's tax rates may seem more variable, impacting homeowners differently based on their property's assessed value. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Havre Tax Bill
$2,773
Average Blaine County Tax Bill
$1,761
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Havre, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59501 | $157 | $165 | $2,773 | $5,280 | $38,565 |
Source: Ownwell