Alder, Montana Property Taxes
The median property tax rate in Alder, MT is 0.53%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Alder at $254,394, the typical annual property tax bill is $1,448, well below the national median of $2,690. Property taxes in Alder are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Alder'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 Alder or another part of Madison County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alder, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$1,348
Ownwell’s Alder Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alder with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alder 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 Alder, Montana
Property taxes in Alder, Montana, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Alder is 0.53%, which is notably lower than the U.S. national median of 0.99%. Each year, local government entities in Alder set these rates, and they can vary across different neighborhoods within the city. To determine the property tax rate, Alder estimates its required budget for maintaining services for the upcoming fiscal year. This budget is then divided by the total value of all taxable property within the jurisdiction. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis for setting property tax rates. For comparison, the highest and lowest median property tax rates in Madison County are both found in the zip code 59710, standing at 0.53%. Understanding how Alder's property tax rate compares with other areas in Madison County provides valuable insights into the varying tax landscape. This helps homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alder Tax Rate
0.53%
Average Madison County Tax Rate
0.36%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alder, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59710 | 0.48% | 0.50% | 0.53% | 0.59% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Alder, Montana
In Alder, 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 Madison 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 Alder, 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 Alder helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Alder is $254,394, with property tax bills ranging from $761 at the 25th percentile to $4,112 at the 90th percentile. The highest and lowest median tax bills are both $1,448, found in the 59710 zip code.
Average Alder Assessed Value
$254,394
Average Madison County Assessed Value
$483,557
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alder, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59710 | $29,126 | $103,651 | $254,394 | $453,164 | $765,057 |
Source: Ownwell
Property Tax Bills Across Alder, Montana
In Alder, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. For instance, if the median home price in Alder is $254,394, the tax bill can vary significantly depending on the assessed value and the tax rate. Homeowners in Alder can expect property tax bills to range widely. The 25th percentile tax bill is approximately $761, while the 75th percentile tax bill reaches around $2,415. At the 90th percentile, homeowners might see tax bills as high as $4,112. These variations are influenced by factors such as property location, size, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Alder's property tax rates can be seen as relatively moderate or high, depending on the assessed value. This impacts homeowners by affecting their annual financial obligations, potentially influencing decisions on property investments and homeownership.
Average Alder Tax Bill
$1,448
Average Madison County Tax Bill
$2,126
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Alder, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59710 | $270 | $761 | $1,448 | $2,415 | $4,112 |
Source: Ownwell