Stanford, Montana Property Taxes
The median property tax rate in Stanford, MT is 0.75%, which is lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $132,100 in Stanford, the typical annual property tax bill is $991, significantly below the national median of $2,690. Property taxes in Stanford are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Stanford'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 Stanford or another part of Judith Basin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stanford, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$991
Ownwell’s Stanford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stanford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stanford 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 Stanford, Montana
Property taxes in Stanford, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanford is 0.75%, which is lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Stanford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stanford 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 Stanford's effective property tax rate to other counties in Montana and the national median. For comparison, the 59479 zip code has both the highest and lowest median property tax rate of 0.75%. Understanding how these cities compare with Stanford provides valuable insights into the varying tax landscape across Judith Basin, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stanford Tax Rate
0.75%
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 Stanford, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59479 | 0.56% | 0.66% | 0.75% | 0.76% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Stanford, Montana
In Stanford, 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 Stanford, 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 Stanford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 59479 has both the highest and lowest median tax bills, each at $991, providing a unique snapshot of property tax dynamics in the area.
Average Stanford Assessed Value
$132,100
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 Stanford, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59479 | $20,181 | $67,800 | $132,100 | $211,700 | $333,360 |
Source: Ownwell
Property Tax Bills Across Stanford, Montana
In Stanford, located in Judith Basin County, MT, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in Stanford can expect a range of property tax bills, with the 25th percentile at $456 and the 75th percentile at $1,598. The highest median tax bill in the area is $991, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the property tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners, these property taxes fund essential services such as public education, infrastructure, and emergency services. As a result, understanding how these taxes are calculated can help homeowners budget effectively and take advantage of any available tax relief programs. The variability in tax bills highlights the importance of accurate property assessments and the impact of local tax policies on homeowners' finances.
Average Stanford Tax Bill
$991
Average Judith Basin County Tax Bill
$694
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Stanford, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59479 | $155 | $456 | $991 | $1,598 | $2,524 |
Source: Ownwell