Biddle, Montana Property Taxes
The median property tax rate in Biddle, MT is 0.56%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Biddle at $90,988, the typical annual property tax bill is $573, well below the national median of $2,690. Property taxes in Biddle are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Biddle's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Biddle or another part of Powder River County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Biddle, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$510
Ownwell’s Biddle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Biddle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Biddle 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 Biddle, Montana
Property taxes in Biddle, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Biddle is 0.56%, which is below the U.S. national median of 0.99%. Local government entities within Biddle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Biddle 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 Biddle's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59314 has both the highest and lowest median property tax rate of 0.56%. Understanding how these areas compare with Biddle provides valuable insights into the varying tax landscape across Powder River County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Biddle Tax Rate
0.56%
Average Powder River County Tax Rate
0.65%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Biddle, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59314 | 0.52% | 0.52% | 0.56% | 0.61% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Biddle, Montana
In Biddle, 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 Powder River County Assessor 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 Biddle, 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 Biddle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 59314, with a median tax bill of $573.
Average Biddle Assessed Value
$90,988
Average Powder River County Assessed Value
$86,358
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Biddle, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59314 | $9,106 | $36,655 | $90,988 | $173,522 | $247,242 |
Source: Ownwell
Property Tax Bills Across Biddle, Montana
In Biddle, located in Powder River 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 market value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Biddle, the median home price is $90,988, which is significantly lower than the national median. Property tax bills can vary widely; for instance, the 25th percentile tax bill is $234, while the 75th percentile tax bill is $1,027, and the 90th percentile tax bill reaches $1,404. These variations are influenced by factors such as property improvements, location, and any applicable exemptions. The highest and lowest median tax bills in the area are both $573, indicating a relatively stable tax environment within the zip code 59314. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances accordingly.
Average Biddle Tax Bill
$573
Average Powder River County Tax Bill
$666
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Biddle, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59314 | $181 | $234 | $573 | $1,027 | $1,404 |
Source: Ownwell