Enid, Montana Property Taxes
The median property tax rate in Enid, MT is 0.54%, considerably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Enid, the typical annual property tax bill reaches $1,992, which is below the national median of $2,690. Property taxes in Enid 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 Enid'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 Enid 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
Enid, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$1,515
Ownwell’s Enid Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Enid with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Enid 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 Enid, Montana
Property taxes in Enid, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Enid is 0.54%, lower than the U.S. national median of 0.99%. Local government entities within Enid set these rates annually, and they can vary significantly across different neighborhoods. Each year, Enid 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 Enid's effective property tax rate to other counties in Montana and the national median. For comparison, the 59243 zip code has the highest median property tax rate of 0.54%, while the 59243 zip code also has the lowest median tax rate of 0.54%. Understanding how these cities compare with Enid provides valuable insights into the varying tax landscape across Richland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Enid Tax Rate
0.54%
Average Richland County Tax Rate
0.90%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Enid, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59243 | 0.50% | 0.51% | 0.54% | 0.71% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Enid, Montana
In Enid, 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 Richland 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 Enid, 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. For example, the median home price in Enid is $280,599, with tax bills ranging from $1,655 at the 25th percentile to $3,000 at the 90th percentile. The highest and lowest median tax bills are both $1,992 in the 59243 zip code. 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 Enid helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Enid Assessed Value
$280,599
Average Richland County Assessed Value
$177,637
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Enid, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59243 | $211,073 | $250,092 | $280,599 | $448,388 | $509,152 |
Source: Ownwell
Property Tax Bills Across Enid, Montana
Property tax bills in Enid, Richland County, MT, are calculated based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the market value of the home, which is determined by county assessors. For example, with a median home price of $280,599, the property tax bill can vary significantly. Homeowners at the 25th percentile can expect a tax bill around $1,655, while those at the 75th percentile might pay approximately $2,295. At the 90th percentile, the tax bill can reach up to $3,000. Several factors influence these tax bills, including the property's location, its assessed value, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, the rates in Enid might seem higher or lower depending on specific local conditions. These property taxes are crucial for funding public services, but they also represent a significant expense for homeowners, impacting their overall financial planning and home affordability.
Average Enid Tax Bill
$1,992
Average Richland County Tax Bill
$1,650
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Enid, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59243 | $1,302 | $1,655 | $1,992 | $2,295 | $3,000 |
Source: Ownwell