East Glacier Park, Montana Property Taxes
The median property tax rate in East Glacier Park, MT is 0.95%, slightly lower than the national median of 0.99% but higher than the Montana state median of 0.83%. With the median home value in East Glacier Park at $163,596, the typical annual property tax bill amounts to $1,495, which is below the national median of $2,690. Property taxes in East Glacier Park are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding East Glacier Park'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 East Glacier Park 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
East Glacier Park, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$1,554
Ownwell’s East Glacier Park Property Tax Bill Calculator is designed to help homeowners, real estate investors, and potential buyers estimate their annual property taxes in East Glacier Park with just two simple data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in East Glacier Park to provide an estimate of your property tax bill. This valuable tool offers insights into your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, scroll down to access localized information. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across East Glacier Park, Montana
Property taxes in East Glacier Park, Montana, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in East Glacier Park is 0.95%, which is slightly below the U.S. national median of 0.99%. Local government entities within East Glacier Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Glacier Park 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 East Glacier Park's effective property tax rate to other areas in Glacier County and the national median. For comparison, the 59434 zip code has the highest median property tax rate of 0.95%, while the same zip code also has the lowest median tax rate of 0.95%. Understanding how these cities compare with East Glacier Park provides valuable insights into the varying tax landscape across Glacier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Glacier Park Tax Rate
0.95%
Average Glacier County Tax Rate
1.19%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Glacier Park, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59434 | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across East Glacier Park, Montana
In East Glacier Park, 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 Glacier 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 East Glacier Park, 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 East Glacier Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 59434 has both the highest and lowest median tax bill at $1,495.
Property Tax Assessment Values Across East Glacier Park, Montana
Source: Ownwell
$101,960
$132,778
$163,596
Average East Glacier Park Assessed Value
$163,596
Average Glacier County Assessed Value
$123,548
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Glacier Park, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59434 | $32,118 | $94,282 | $163,596 | $250,400 | $348,524 |
Source: Ownwell
Property Tax Bills Across East Glacier Park, Montana
In East Glacier Park, property tax bills are determined by assessing the market value of a home and applying the local tax rate to this valuation. For instance, with a median home price of $163,596, the tax bill can vary significantly based on the assessed value and specific tax rate applied by Glacier County. Homeowners in this area experience a wide range of property tax bills, from the 25th percentile at $875 to the 75th percentile at $2,384, and up to the 90th percentile at $3,425. The highest and lowest median tax bills in the area both stand at $1,495, indicating a relatively consistent tax environment within the specific zip code of 59434. Compared to the national median property tax rate of 0.99%, the figures in East Glacier Park highlight the variability and potential financial impact on homeowners, emphasizing the importance of understanding local tax assessments and rates.
Average East Glacier Park Tax Bill
$1,495
Average Glacier County Tax Bill
$1,402
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across East Glacier Park, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59434 | $271 | $875 | $1,495 | $2,384 | $3,425 |
Source: Ownwell