Rudyard, Montana Property Taxes
The median property tax rate in Rudyard, MT is 0.83%, aligning with the state median but lower than the national median of 0.99%. With the median home value in Rudyard at $154,100, the typical annual property tax bill is $1,239, which is below the national median of $2,690. Property taxes in Rudyard 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 Rudyard'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 Rudyard 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
Rudyard, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,279
Ownwell’s Rudyard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rudyard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rudyard 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 Rudyard, Montana
Property taxes in Rudyard, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rudyard is 0.83%, which is lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Rudyard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rudyard 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 Rudyard's effective property tax rate to other counties in Montana and the national median. For comparison, the 59540 zip code has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Rudyard 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 Rudyard Tax Rate
0.83%
Average Hill County Tax Rate
1.13%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rudyard, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59540 | 0.64% | 0.78% | 0.83% | 0.90% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Rudyard, Montana
In Rudyard, 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. Assessment notices in Rudyard 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 Rudyard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1239 in the 59540 zip code, while the lowest is also $1239 in the same zip code.
Average Rudyard Assessed Value
$154,100
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 Rudyard, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59540 | $16,310 | $82,570 | $154,100 | $229,100 | $360,900 |
Source: Ownwell
Property Tax Bills Across Rudyard, Montana
In Rudyard, located in Hill County, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined through an evaluation of the property's market value, which is then multiplied by the assessment ratio set by the state. This value is then subjected to the local tax rate to calculate the final tax bill. For homeowners in Rudyard, the median home price is $154,100. Property tax bills can vary significantly, with the 25th percentile tax bill being $589 and the 75th percentile reaching $1,867. At the 90th percentile, tax bills can be as high as $2,832. The highest and lowest median tax bills in the area are both recorded at $1,239 in the 59540 zip code, indicating some consistency in tax assessments within the region. Understanding these factors helps homeowners anticipate their tax liabilities and plan their finances accordingly, ensuring they are prepared for the annual property tax obligations.
Average Rudyard Tax Bill
$1,239
Average Hill County Tax Bill
$1,886
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Rudyard, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59540 | $145 | $589 | $1,239 | $1,867 | $2,832 |
Source: Ownwell