Hogeland, Montana Property Taxes
The median property tax rate in Hogeland, MT is 1.03%, slightly higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Hogeland at $203,989, the typical annual property tax bill reaches $2,427, which is below the national median of $2,690. Property taxes in Hogeland are calculated based on the assessed value, which usually falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Hogeland'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 Hogeland or another part of Blaine County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hogeland, 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 Hogeland Property Tax Bill Calculator offers homeowners, real estate investors, or potential buyers a quick and easy way to estimate their annual property taxes in Hogeland. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Hogeland to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities, making financial planning easier. For those interested in more detailed trends on a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Blaine County for tax calculations, considering any applicable exemptions.
Property Tax Rates Across Hogeland, Montana
Property taxes in Hogeland, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hogeland is 1.03%, higher than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Hogeland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hogeland 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 Hogeland's effective property tax rate to other areas in Montana and the national median. For comparison, the 59529 zip code has the highest median property tax rate of 1.03%, while the same zip code also records the lowest median tax rate of 1.03%. Understanding how these figures compare with Hogeland 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 Hogeland Tax Rate
1.03%
Average Blaine County Tax Rate
1.39%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hogeland, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59529 | 0.82% | 1.03% | 1.03% | 1.12% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Hogeland, Montana
In Hogeland, 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 Hogeland, 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 Hogeland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 59529 has the highest and lowest median tax bill at $2,427.
Average Hogeland Assessed Value
$203,989
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 Hogeland, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59529 | $9,750 | $63,340 | $203,989 | $326,137 | $444,370 |
Source: Ownwell
Property Tax Bills Across Hogeland, Montana
In Hogeland, Blaine County, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the home's market value, which is determined by the county assessor. For instance, with a median home price of $203,989, various factors such as property size, location, and improvements are considered to determine this value. The local tax rate is then applied to the assessed value to calculate the tax bill. Homeowners in Hogeland can expect a range of property tax bills. At the 25th percentile, the tax bill is about $819, while at the 75th percentile, it rises to approximately $3,581. The 90th percentile sees tax bills around $4,685. These variations significantly impact homeowners, influencing their annual expenses and overall financial planning. Compared to the national median property tax rate of 0.99%, Hogeland's property tax rates can vary widely, reflecting the unique economic and property values within the region.
Average Hogeland Tax Bill
$2,427
Average Blaine County Tax Bill
$1,761
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Hogeland, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59529 | $138 | $819 | $2,427 | $3,581 | $4,685 |
Source: Ownwell