Hays, Montana Property Taxes
The median property tax rate in Hays, Montana is 0.71%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Hays, the typical annual property tax bill is $164, which is well below the national median of $2,690. Property taxes in Hays 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 Hays'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 Hays 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
Hays, 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 Hays Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hays with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hays 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 Hays, Montana
Property taxes in Hays, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hays is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Hays set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hays 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 Hays's effective property tax rate to other areas in Montana and the national median. For comparison, the 59527 zip code has the highest median property tax rate of 0.71%, while the same zip code also has the lowest median tax rate of 0.71%. Understanding how these cities compare with Hays 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 Hays Tax Rate
0.71%
Average Blaine County Tax Rate
1.39%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hays, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59527 | 0.71% | 0.71% | 0.71% | 0.72% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Hays, Montana
In Hays, 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 Hays, 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 Hays helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Hays is $164.00, found in zip code 59527, while the lowest is also $164.00 in the same zip code.
Average Hays Assessed Value
$67,552
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 Hays, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59527 | $7,430 | $18,345 | $67,552 | $156,775 | $161,160 |
Source: Ownwell
Property Tax Bills Across Hays, Montana
In Hays, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Hays can expect their property tax bills to vary significantly, with the 25th percentile paying around $57 and the 75th percentile paying up to $706. For those in the 90th percentile, tax bills can reach as high as $1,204. The median home price in Hays is $67,552, which influences the overall tax burden. Factors such as property size, location, and improvements also play a role in determining the assessed value. Compared to the national median property tax rate of 0.99%, Hays has a relatively modest range of property tax bills. This variability in tax bills affects homeowners by influencing their annual expenses and potentially impacting their overall financial planning. Understanding these factors can help homeowners better anticipate their property tax obligations.
Average Hays Tax Bill
$164
Average Blaine County Tax Bill
$1,761
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Hays, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59527 | $16 | $57 | $164 | $706 | $1,204 |
Source: Ownwell