Harlem, Montana Property Taxes
The median property tax rate in Harlem, MT is 1.84%, considerably higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Harlem, the typical annual property tax bill reaches $1,414, exceeding the national median of $2,690. Property taxes in Harlem 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 Harlem'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 Harlem 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
Harlem, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.84%
Estimate Property Tax Bill
$1,636
$1,518
Ownwell’s Harlem Property Tax Bill Calculator is designed to assist homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Harlem with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harlem 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 Harlem, Montana
Property taxes in Harlem, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harlem is 1.84%, significantly higher than the U.S. national median of 0.99%. Local government entities within Harlem set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harlem 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 Harlem's effective property tax rate to other counties in Montana and the national median. For comparison, the 59526 zip code has both the highest and lowest median property tax rate in the area at 1.84%. Understanding how these cities compare with Harlem provides valuable insights into the varying tax landscape across Blaine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harlem Tax Rate
1.84%
Average Blaine County Tax Rate
1.39%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harlem, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59526 | 0.82% | 1.22% | 1.84% | 1.84% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Harlem, Montana
In Harlem, 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 Blaine 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 Harlem, 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. For instance, the highest median tax bill in Harlem is $1,414 in the 59526 zip code, while the lowest median tax bill also stands at $1,414 in the same zip code. 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 Harlem helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Harlem Assessed Value
$88,890
Average Blaine County Assessed Value
$134,724
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harlem, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59526 | $9,282 | $24,295 | $88,890 | $160,600 | $214,680 |
Source: Ownwell
Property Tax Bills Across Harlem, Montana
In Harlem, located in Blaine County, MT, property tax bills are calculated based on the assessed value of a home and the local property tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $88,890, homeowners can expect varying tax bills. Factors such as property location, improvements, and market conditions can influence the assessed value. Tax bills in Harlem show a wide range: the 25th percentile tax bill is $492, while the 75th percentile reaches $2,431, and the 90th percentile climbs to $3,335. These figures illustrate the potential financial impact on homeowners, who must budget for these annual expenses. Compared to the national median property tax rate of 0.99%, Harlem's tax bills reflect the unique economic and regulatory landscape of Blaine County.
Average Harlem Tax Bill
$1,414
Average Blaine County Tax Bill
$1,761
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Harlem, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59526 | $183 | $492 | $1,414 | $2,431 | $3,335 |
Source: Ownwell