Sand Springs, Montana Property Taxes
The median property tax rate in Sand Springs, MT is 0.77%, 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 Sand Springs being $117,044, the typical annual property tax bill amounts to $924, significantly below the national median of $2,690. Property taxes in Sand Springs are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Sand Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Sand Springs 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
Sand Springs, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$901
Ownwell’s Sand Springs Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Sand Springs. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Sand Springs to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, making it easier to plan and budget accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is crucial for these calculations and includes any applicable exemptions.
Property Tax Rates Across Sand Springs, Montana
Property taxes in Sand Springs, Montana, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sand Springs is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Sand Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sand Springs 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 Sand Springs' effective property tax rate to other counties in Montana and the national median. For comparison, the 59077 zip code has both the highest and lowest median property tax rate of 0.77%, reflecting the uniformity within the area. Understanding how these cities compare with Sand Springs provides valuable insights into the varying tax landscape across Garfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sand Springs Tax Rate
0.77%
Average Garfield County Tax Rate
0.88%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sand Springs, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59077 | 0.68% | 0.71% | 0.77% | 0.82% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Sand Springs, Montana
In Sand Springs, 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 Garfield 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 Sand Springs, 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 instance, the highest median tax bill in the area is $924 in the 59077 zip code, while the lowest median tax bill is also $924 in the same 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 Sand Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sand Springs Assessed Value
$117,044
Average Garfield County Assessed Value
$97,469
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sand Springs, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59077 | $15,364 | $57,208 | $117,044 | $195,101 | $296,570 |
Source: Ownwell
Property Tax Bills Across Sand Springs, Montana
In Sand Springs, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and represents a percentage of the property's market value. Various factors such as property size, location, and condition influence this assessment. Homeowners in Sand Springs can expect a median property tax bill of approximately $924, which aligns with the figures seen in the 59077 zip code. For comparison, the national median property tax rate stands at 0.99%, making Sand Springs’ rates relatively moderate. Tax bills in the area can vary widely, with the 25th percentile at $589 and the 75th percentile at $1654. At the higher end, the 90th percentile reaches $2243. These taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting the community's quality of life. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Sand Springs Tax Bill
$924
Average Garfield County Tax Bill
$1,045
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Sand Springs, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59077 | $317 | $589 | $924 | $1,654 | $2,243 |
Source: Ownwell