Big Sandy, Montana Property Taxes
The median property tax rate in Big Sandy, MT is 0.91%, slightly lower than the national median of 0.99% but higher than the Montana state median of 0.83%. With a median home value in Big Sandy of $15,180, the typical annual property tax bill amounts to $137, significantly below the national median of $2,690. Property taxes in Big Sandy are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Big Sandy'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 Big Sandy or another part of Hill County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Big Sandy, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$138
Ownwell’s Big Sandy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Big Sandy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Big Sandy 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 Big Sandy, Montana
Property taxes in Big Sandy, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Big Sandy is 0.74%, lower than both the Montana state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Big Sandy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Big Sandy 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 Big Sandy's effective property tax rate to other counties in Montana and the national median. For comparison, the highest median property tax rate in the region is also 0.74%, found in the same area, while the lowest median tax rate is similarly 0.74%. Understanding how these cities compare with Big Sandy provides valuable insights into the varying tax landscape across Hill County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Big Sandy Tax Rate
0.91%
Average Hill County Tax Rate
1.13%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Big Sandy, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59520 | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Big Sandy, Montana
In Big Sandy, 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 Hill 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 Big Sandy, 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 Big Sandy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 59520, with a tax bill of $137.
Average Big Sandy Assessed Value
$15,180
Average Hill County Assessed Value
$169,254
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Big Sandy, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59520 | $15,180 | $15,180 | $15,180 | $15,180 | $15,180 |
Source: Ownwell
Property Tax Bills Across Big Sandy, Montana
In Big Sandy, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in Big Sandy is $15,180. The tax rate for Hill County contributes to the overall tax bill, which is influenced by local government budgets, school funding, and other municipal services. For homeowners in Big Sandy, the property tax bill at the 25th, 75th, and 90th percentiles is consistently $137, which is significantly lower than the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable in this region, allowing residents to allocate more of their income towards other expenses or investments. The consistency in tax bills across different percentiles indicates a stable and predictable tax environment, providing financial predictability for homeowners.
Average Big Sandy Tax Bill
$137
Average Hill County Tax Bill
$1,886
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Big Sandy, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59520 | $137 | $137 | $137 | $137 | $137 |
Source: Ownwell