Cardwell, Montana Property Taxes
The median property tax rate in Cardwell, MT is 0.51%, considerably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Cardwell at $297,256, the typical annual property tax bill reaches $1,618, which is significantly below the national median of $2,690. Property taxes in Cardwell 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 Cardwell'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 Cardwell or another part of Madison County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cardwell, 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 Cardwell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cardwell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cardwell 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 Cardwell, Montana
Property taxes in Cardwell, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cardwell is 0.51%, lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Cardwell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cardwell 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 Cardwell's effective property tax rate to other counties in Montana and the national median. For comparison, the 59721 zip code has the highest median property tax rate of 0.51%, while the 59721 zip code also has the lowest median tax rate of 0.51%. Understanding how these cities compare with Cardwell provides valuable insights into the varying tax landscape across Madison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cardwell Tax Rate
0.51%
Average Madison County Tax Rate
0.36%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cardwell, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59721 | 0.47% | 0.48% | 0.51% | 0.55% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Cardwell, Montana
In Cardwell, 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 Madison 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 Cardwell, 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 Cardwell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $1618 in the 59721 zip code.
Average Cardwell Assessed Value
$297,256
Average Madison County Assessed Value
$483,557
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cardwell, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59721 | $34,237 | $165,770 | $297,256 | $450,923 | $665,910 |
Source: Ownwell
Property Tax Bills Across Cardwell, Montana
In Cardwell, Madison County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the assessed value include the property's market value, location, and any improvements made to the property. Homeowners in Cardwell can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $960, while at the 75th percentile, it reaches approximately $2,328. At the 90th percentile, it can go up to $3,350. These figures illustrate the range of tax liabilities homeowners might face depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, Cardwell's tax rates result in varying financial impacts on homeowners. Understanding these factors can help homeowners anticipate their tax obligations and plan accordingly, ensuring they are prepared for their annual property tax bills.
Average Cardwell Tax Bill
$1,618
Average Madison County Tax Bill
$2,126
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Cardwell, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59721 | $321 | $960 | $1,618 | $2,328 | $3,350 |
Source: Ownwell