Polebridge, Montana Property Taxes
The median property tax rate in Polebridge, MT is 0.76%, which is lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $315,895 in Polebridge, the typical annual property tax bill amounts to $2,371, falling below the national median of $2,690. Property taxes in Polebridge are calculated based on the tax assessed value, which often is less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Polebridge'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 Polebridge or another part of Flathead County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Polebridge, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$2,401
Ownwell’s Polebridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Polebridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Polebridge 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 Flathead County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Polebridge, Montana
Property taxes in Polebridge, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Polebridge is 0.76%, lower than the U.S. national median of 0.99%. Local government entities within Polebridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Polebridge 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 Polebridge's effective property tax rate to other areas in Montana and the national median. For comparison, the 59928 zip code has both the highest and lowest median property tax rate of 0.76%. Understanding how these cities compare with Polebridge provides valuable insights into the varying tax landscape across Flathead County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Polebridge Tax Rate
0.76%
Average Flathead County Tax Rate
0.75%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Polebridge, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59928 | 0.66% | 0.73% | 0.76% | 0.76% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Polebridge, Montana
In Polebridge, 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 Flathead 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 Polebridge, 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 Polebridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Polebridge are both $2,371, found in the 59928 zip code.
Average Polebridge Assessed Value
$315,895
Average Flathead County Assessed Value
$447,500
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Polebridge, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59928 | $164,187 | $218,050 | $315,895 | $480,559 | $670,900 |
Source: Ownwell
Property Tax Bills Across Polebridge, Montana
In Polebridge, located in Flathead County, Montana, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to this value to calculate the annual property tax bill. Factors that influence the assessed value include the size of the property, its location, and any improvements made to it. For homeowners in Polebridge, the median home price stands at $315,895. Property tax bills in this area vary significantly. At the 25th percentile, the tax bill is approximately $1,612, while at the 75th percentile, it rises to around $3,492. For those at the 90th percentile, the tax bill can reach up to $5,180. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding how local rates impact homeowners in this region. This variability in tax bills underscores the importance of knowing the assessed value and local tax rates.
Average Polebridge Tax Bill
$2,371
Average Flathead County Tax Bill
$3,622
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Polebridge, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59928 | $1,197 | $1,612 | $2,371 | $3,492 | $5,180 |
Source: Ownwell