Glen, Montana Property Taxes
The median property tax rate in Glen, MT is 0.70%, which is notably lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $277,848 in Glen, the typical annual property tax bill amounts to $1,995, falling below the national median of $2,690. Property taxes in Glen are calculated based on the tax assessed value, often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Glen'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 Glen or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glen, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$1,945
Ownwell’s GLEN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in GLEN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in GLEN 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 Glen, Montana
Property taxes in Glen, Montana, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Glen is 0.70%, which is lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Glen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glen 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 Glen's effective property tax rate to other counties in Montana and the national median. For comparison, the 59732 zip code has the highest median property tax rate of 0.70%, while the same zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Glen provides valuable insights into the varying tax landscape across Beaverhead County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glen Tax Rate
0.70%
Average Beaverhead County Tax Rate
0.71%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glen, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59732 | 0.61% | 0.64% | 0.70% | 0.75% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Glen, Montana
In Glen, 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 Beaverhead 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 Glen, 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 Glen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Glen are both $1,995 in the 59732 zip code.
Average Glen Assessed Value
$277,848
Average Beaverhead County Assessed Value
$266,900
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glen, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59732 | $11,605 | $111,993 | $277,848 | $501,069 | $801,334 |
Source: Ownwell
Property Tax Bills Across Glen, Montana
In Glen, Beaverhead County, MT, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The median home price in Glen is $277,848. Local tax rates are applied to this assessed value to calculate the annual tax bill. For instance, Glen’s property tax rate is compared to the national median of 0.99%, which may result in varying tax bills. Several factors influence the final tax amount, including the property’s location, size, and any applicable exemptions. For homeowners in Glen, the 25th percentile tax bill is $1,387, while the 75th percentile reaches $3,595, and the 90th percentile can be as high as $5,137. The highest and lowest median tax bills in the area both stand at $1,995, indicating some consistency in tax assessments within specific zip codes. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances accordingly.
Average Glen Tax Bill
$1,995
Average Beaverhead County Tax Bill
$2,175
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Glen, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59732 | $265 | $1,387 | $1,995 | $3,595 | $5,137 |
Source: Ownwell