Conrad, Montana Property Taxes
The median property tax rate in Conrad, MT is 1.04%, slightly higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Conrad at $182,850, the typical annual property tax bill reaches $1,845, which is below the national median of $2,690. Property taxes in Conrad are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Conrad'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 Conrad 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
Conrad, 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 Conrad Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Conrad with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Conrad 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 Conrad, Montana
Property taxes in Conrad, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Conrad is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Conrad set these rates annually, and they can vary significantly across different neighborhoods. Each year, Conrad 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 Conrad's effective property tax rate to other regions and the national median. For comparison, Conrad has the highest median property tax rate of 1.04% within its zip code 59425. Understanding how these rates compare with other areas provides valuable insights into the varying tax landscape across Pondera County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Conrad Tax Rate
1.04%
Average Pondera County Tax Rate
0.98%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Conrad, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59425 | 0.88% | 0.93% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Conrad, Montana
In Conrad, 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 Pondera 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 Conrad, 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 Conrad helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Conrad is $1845 in the 59425 zip code, while the lowest median tax bill is also $1845 in the same zip code.
Average Conrad Assessed Value
$182,850
Average Pondera County Assessed Value
$169,000
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Conrad, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59425 | $41,987 | $107,704 | $182,850 | $260,000 | $363,995 |
Source: Ownwell
Property Tax Bills Across Conrad, Montana
In Conrad, located in Pondera County, MT, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the market value of the property, recent sales data, and any improvements or renovations made to the home. For instance, the median home price in Conrad is $182,850. Homeowners in the 25th percentile can expect a tax bill around $1,052, while those in the 75th percentile might see a bill closer to $2,588. At the 90th percentile, tax bills can reach up to $3,479. These figures illustrate how property taxes can vary significantly depending on the value of the home. Comparatively, Conrad's tax rates are influenced by local budgetary needs, making them different from the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their tax liabilities and plan accordingly.
Average Conrad Tax Bill
$1,845
Average Pondera County Tax Bill
$1,660
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Conrad, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59425 | $363 | $1,052 | $1,845 | $2,588 | $3,479 |
Source: Ownwell