Poplar, Montana Property Taxes
The median property tax rate in Poplar, MT is 1.24%, significantly higher than both the national median of 0.99% and Montana's state median of 0.83%. With the median home value in Poplar at $56,474, the typical annual property tax bill reaches $760, surpassing the national median of $2,690. Property taxes in Poplar are calculated based on the assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Poplar'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 Poplar or another part of Roosevelt County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Poplar, Montana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,660
Ownwell’s Poplar Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Poplar with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Poplar to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities, offering peace of mind and financial clarity. If you're curious about neighborhood-level trends, scroll down for more detailed and localized information. Your property’s assessed value is determined by the county for property tax purposes, and it takes into account any applicable exemptions.
Property Tax Rates Across Poplar, Montana
Property taxes in Poplar, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Poplar is 1.24%, significantly higher than the U.S. national median of 0.99%. Local government entities within Poplar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Poplar 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 Poplar's effective property tax rate to other counties in Montana and the national median. For comparison, the 59255 zip code has the highest median property tax rate of 1.24%, while the same zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Poplar provides valuable insights into the varying tax landscape across Roosevelt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Poplar Tax Rate
1.24%
Average Roosevelt County Tax Rate
0.97%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Poplar, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59255 | 0.77% | 0.87% | 1.24% | 1.24% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Poplar, Montana
In Poplar, 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 Roosevelt 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 Poplar, 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 Poplar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 59255, with a median tax bill of $760.00, while the lowest median tax bill is also in zip code 59255, with the same amount of $760.00.
Average Poplar Assessed Value
$56,474
Average Roosevelt County Assessed Value
$76,200
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Poplar, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59255 | $3,835 | $16,578 | $56,474 | $95,850 | $199,902 |
Source: Ownwell
Property Tax Bills Across Poplar, Montana
In Poplar, located in Roosevelt County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in Poplar is $56,474. Property taxes in this region are influenced by various factors, including the local tax rate and the assessed value of the property. Homeowners in Poplar can expect tax bills that vary significantly. For instance, the tax bill at the 25th percentile is $360, while at the 75th percentile, it rises to $1,194. At the 90th percentile, homeowners can see tax bills as high as $2,236. The median property tax bill in Poplar is $760, which is relatively lower compared to the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding these factors can help homeowners better anticipate their financial obligations and plan accordingly.
Average Poplar Tax Bill
$760
Average Roosevelt County Tax Bill
$882
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Poplar, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59255 | $117 | $360 | $760 | $1,194 | $2,236 |
Source: Ownwell