Poplar, Montana Property Taxes
The median property tax rate in Poplar, MT is 0.73%, 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 $198,360 in Poplar, the typical annual property tax bill amounts to $1,415, significantly below the national median of $2,690. Property taxes in Poplar are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Poplar's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Poplar or another part of the city, being well-versed in the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Poplar, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$1,448
Ownwell’s Poplar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Poplar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Poplar 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 Poplar, Montana
Property taxes in Poplar, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Poplar is 0.73%, lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Poplar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Poplar 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 Poplar's effective property tax rate to other counties in Montana and the national median. For comparison, the 59255 zip code has both the highest and lowest median property tax rate of 0.73%. Understanding how these cities compare with Poplar provides valuable insights into the varying tax landscape across Richland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Poplar Tax Rate
0.73%
Average Richland County Tax Rate
0.90%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Poplar, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59255 | 0.45% | 0.58% | 0.73% | 0.95% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Poplar, Montana
In Poplar, 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 Richland County appraisal authorities 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 Poplar, 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 Poplar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 59255 has both the highest and lowest median tax bill, which is $1,415.
Average Poplar Assessed Value
$198,360
Average Richland County Assessed Value
$177,637
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Poplar, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59255 | $84,954 | $107,237 | $198,360 | $252,256 | $391,553 |
Source: Ownwell
Property Tax Bills Across Poplar, Montana
In Poplar, located in Richland County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's size, location, and condition. For homeowners in Poplar, the property tax bill can vary significantly. The 25th percentile tax bill is around $1,014, reflecting more modest properties, while the 75th percentile tax bill reaches approximately $1,911, indicating higher-valued homes. At the 90th percentile, the tax bill can soar to $3,519. These figures show a wide range of property tax burdens, which can impact household budgets and the overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Poplar's tax bills can be considered moderate, providing a balanced financial environment for homeowners.
Average Poplar Tax Bill
$1,415
Average Richland County Tax Bill
$1,650
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Poplar, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59255 | $716 | $1,014 | $1,415 | $1,911 | $3,519 |
Source: Ownwell