Moore, Montana Property Taxes
The median property tax rate in Moore, MT is 0.62%, which is notably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Moore at $139,263, the typical annual property tax bill amounts to $834, significantly below the national median of $2,690. Property taxes in Moore are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Moore'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 Moore 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
Moore, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$863
Ownwell’s Moore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moore 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 Moore, Montana
Property taxes in Moore, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moore is 0.62%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Moore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moore 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 Moore's effective property tax rate to other areas in Montana and the national median. For comparison, the zip code 59464 has both the highest and lowest median property tax rate of 0.62%, indicating uniformity in property tax rates within the region. Understanding how these areas compare with Moore provides valuable insights into the varying tax landscape across Fergus County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moore Tax Rate
0.62%
Average Fergus County Tax Rate
0.99%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moore, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59464 | 0.46% | 0.51% | 0.62% | 0.62% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Moore, Montana
In Moore, 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 Fergus 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 Moore, 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. The median home price in Moore is $139,263, with tax bills ranging significantly. The 25th percentile tax bill is $400, while the 75th percentile reaches $1,596, and the 90th percentile can go up to $3,072. The highest and lowest median tax bills are both $834 in the 59464 zip code. Being aware of these valuation processes in Moore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Moore Assessed Value
$139,263
Average Fergus County Assessed Value
$177,627
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moore, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59464 | $25,767 | $62,042 | $139,263 | $300,836 | $485,016 |
Source: Ownwell
Property Tax Bills Across Moore, Montana
In Moore, property tax bills are calculated based on the assessed value of your home, which is determined by the Fergus County assessor's office. This assessed value is a percentage of the market value of your property. The local tax rate is then applied to the assessed value to determine your annual tax bill. For example, with a median home price of $139,263 in Moore, homeowners can expect a tax bill that varies significantly. The 25th percentile tax bill is around $400, while the 75th percentile tax bill reaches up to $1,596, and the 90th percentile can go as high as $3,072. Several factors influence these tax bills, including property location, property size, and any applicable exemptions. Homeowners in Moore should be aware that their tax bills can fluctuate based on changes in the assessed value and local tax rates. Compared to the national median property tax rate of 0.99%, Moore's rates reflect the local economic conditions and funding needs for public services. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Moore Tax Bill
$834
Average Fergus County Tax Bill
$1,787
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Moore, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59464 | $161 | $400 | $834 | $1,596 | $3,072 |
Source: Ownwell