Moccasin, Montana Property Taxes
The median property tax rate in Moccasin, MT is 0.53%, considerably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Moccasin, the typical annual property tax bill reaches $112, significantly below the national median of $2,690. Property taxes in Moccasin are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Moccasin'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 Moccasin 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
Moccasin, Montana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,660
Ownwell’s Moccasin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moccasin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moccasin 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 Moccasin, Montana
Property taxes in Moccasin, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moccasin is 0.53%, which is lower than the U.S. national median of 0.99%. Local government entities within Moccasin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moccasin 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 Moccasin's effective property tax rate to other areas in Judith Basin County and the national median. For comparison, the zip code 59462 has both the highest and lowest median property tax rate of 0.53%. Understanding how these areas compare with Moccasin provides valuable insights into the varying tax landscape across Judith Basin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moccasin Tax Rate
0.53%
Average Judith Basin County Tax Rate
0.56%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moccasin, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59462 | 0.51% | 0.53% | 0.53% | 0.58% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Moccasin, Montana
In Moccasin, 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 Judith Basin 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 Moccasin, 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 Moccasin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $112.00, specifically in the 59462 zip code.
Average Moccasin Assessed Value
$14,320
Average Judith Basin County Assessed Value
$105,348
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moccasin, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59462 | $2,400 | $3,800 | $14,320 | $153,656 | $310,797 |
Source: Ownwell
Property Tax Bills Across Moccasin, Montana
In Moccasin, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Judith Basin County can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $20, while the 75th percentile tax bill reaches $909, and the 90th percentile tax bill can be as high as $1,924. Factors influencing these tax bills include the property's assessed value, local tax rates, and any applicable exemptions or deductions. The median home price in Moccasin is $14,320, which is relatively low compared to national figures. Despite this, tax bills can still vary widely, reflecting differences in property values and local tax policies. For homeowners, understanding these factors is crucial for financial planning and managing annual expenses.
Average Moccasin Tax Bill
$112
Average Judith Basin County Tax Bill
$694
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Moccasin, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59462 | $13 | $20 | $112 | $909 | $1,924 |
Source: Ownwell