Hall, Montana Property Taxes
The median property tax rate in Hall, MT is 0.58%, considerably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Hall at $351,464, the typical annual property tax bill reaches $2,051, which is below the national median of $2,690. Property taxes in Hall 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 Hall'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 Hall 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
Hall, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$2,038
Ownwell’s Hall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hall 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 Hall, Montana
Property taxes in Hall, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hall is 0.58%, which is below both the Montana state median and the U.S. national median of 0.99%. Local government entities within Hall set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hall 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 Hall's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59837 has both the highest and lowest median property tax rate of 0.58%. Understanding how these cities compare with Hall provides valuable insights into the varying tax landscape across Granite County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hall Tax Rate
0.58%
Average Granite County Tax Rate
0.61%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hall, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59837 | 0.50% | 0.54% | 0.58% | 0.65% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Hall, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hall, 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 Granite 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 Hall, 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 Hall helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 59837 has the highest and lowest median tax bill, both at $2,051. Additionally, the 25th percentile tax bill is $1,218, while the 75th percentile tax bill is $3,253, and the 90th percentile tax bill is $4,691.
Average Hall Assessed Value
$351,464
Average Granite County Assessed Value
$300,954
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hall, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59837 | $66,015 | $210,286 | $351,464 | $542,107 | $782,951 |
Source: Ownwell
Property Tax Bills Across Hall, Montana
In Hall, Granite County, MT, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Hall is $351,464. Property tax bills can vary significantly, reflecting different assessed values and tax rates. For instance, the tax bill at the 25th percentile is $1,218, while at the 75th percentile, it rises to $3,253. At the 90th percentile, homeowners may face a tax bill as high as $4,691. These figures indicate that property taxes in Hall can be quite variable, influenced by factors such as home value and applicable exemptions. Compared to the national median property tax rate of 0.99%, the tax burden in Hall can be higher for some homeowners, particularly those with properties assessed at the upper end of the market. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Hall Tax Bill
$2,051
Average Granite County Tax Bill
$1,936
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Hall, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59837 | $562 | $1,218 | $2,051 | $3,253 | $4,691 |
Source: Ownwell