Edgar, Montana Property Taxes
The median property tax rate in Edgar, MT, is 0.65%, which is notably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Edgar at $164,100, the typical annual property tax bill is about $1,043, significantly less than the national median of $2,690. Property taxes in Edgar are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Edgar'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 Edgar 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
Edgar, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$1,067
Ownwell’s Edgar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edgar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edgar 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 Edgar, Montana
Property taxes in Edgar, Montana, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Edgar is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Edgar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edgar estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total assessed 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 Edgar's effective property tax rate to other areas in Montana and the national median. For comparison, the zip code 59026 has the same median property tax rate of 0.65%. Understanding how these areas compare with Edgar provides valuable insights into the varying tax landscape across Carbon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Edgar Tax Rate
0.65%
Average Carbon County Tax Rate
0.61%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edgar, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59026 | 0.57% | 0.59% | 0.65% | 0.67% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Edgar, Montana
In Edgar, 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 Carbon 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 Edgar, 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 Edgar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Edgar is $1,043 in the 59026 zip code, which is also the lowest.
Average Edgar Assessed Value
$164,100
Average Carbon County Assessed Value
$299,384
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Edgar, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59026 | $34,118 | $102,417 | $164,100 | $215,069 | $330,076 |
Source: Ownwell
Property Tax Bills Across Edgar, Montana
In Edgar, located in Carbon County, MT, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Edgar, the median home price is $164,100. The tax bills can vary significantly; the 25th percentile tax bill is around $487, while the 75th percentile reaches $1,364. At the higher end, the 90th percentile tax bill can be as much as $2,068. These figures highlight the range of property tax burdens that homeowners can face, depending on their property's assessed value and the specific tax rate applied. With the national median property tax rate at 0.99%, Edgar's property taxes can be seen as relatively moderate, impacting homeowners' annual financial planning and overall cost of homeownership.
Average Edgar Tax Bill
$1,043
Average Carbon County Tax Bill
$2,004
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Edgar, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59026 | $224 | $487 | $1,043 | $1,364 | $2,068 |
Source: Ownwell