Dagmar, Montana Property Taxes
The median property tax rate in Dagmar, MT is 1.18%, considerably higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Dagmar at $123,274, the typical annual property tax bill reaches $1,377, which is below the national median of $2,690. Property taxes in Dagmar are calculated based on the tax assessed value, typically lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Dagmar'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 Dagmar or another part of Sheridan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dagmar, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$1,455
Ownwell’s Dagmar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dagmar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dagmar 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 Dagmar, Montana
Property taxes in Dagmar, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dagmar is 1.18%, significantly higher than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Dagmar set these rates annually, and they can vary across different neighborhoods. Each year, Dagmar 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 Dagmar's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59219 has both the highest and lowest median property tax rate of 1.18%. Understanding how these areas compare with Dagmar provides valuable insights into the varying tax landscape across Sheridan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dagmar Tax Rate
1.18%
Average Sheridan County Tax Rate
1.29%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dagmar, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59219 | 1.04% | 1.09% | 1.18% | 1.34% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Dagmar, Montana
In Dagmar, 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 Sheridan 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 Dagmar, 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 Dagmar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Dagmar is $1377 in zip code 59219, and the lowest median tax bill is also $1377 in the same zip code.
Average Dagmar Assessed Value
$123,274
Average Sheridan County Assessed Value
$91,094
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dagmar, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59219 | $33,220 | $77,990 | $123,274 | $185,934 | $300,078 |
Source: Ownwell
Property Tax Bills Across Dagmar, Montana
In Dagmar, Sheridan County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the property's market value, reflecting current real estate trends. Homeowners in Dagmar see a range of tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is $912, while the 75th percentile tax bill reaches $2,306 and the 90th percentile peaks at $3,848. These tax bills are influenced by several factors, including property size, location, and any applicable exemptions or deductions. The median home price in Dagmar is $123,274, and property tax rates can significantly impact homeowners' annual expenses. Compared to the national median property tax rate of 0.99%, Dagmar's tax rates may present a financial consideration for potential homeowners. Understanding these factors helps residents anticipate their tax obligations and plan accordingly.
Average Dagmar Tax Bill
$1,377
Average Sheridan County Tax Bill
$1,221
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Dagmar, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59219 | $368 | $912 | $1,377 | $2,306 | $3,848 |
Source: Ownwell