Alzada, Montana Property Taxes
The median property tax rate in Alzada, MT is 0.32%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Alzada at $73,605, the typical annual property tax bill is $335, well below the national median of $2,690. Property taxes in Alzada are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Alzada'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 Alzada or another part of Carter County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alzada, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.32%
Estimate Property Tax Bill
$236
$219
Ownwell’s Alzada Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alzada with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alzada 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 Alzada, Montana
Property taxes in Alzada, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alzada is 0.71%, significantly lower than the U.S. national median of 0.99%. Local government entities within Alzada set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alzada 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 Alzada's effective property tax rate to other areas in Montana and the national median. For comparison, the highest median property tax rate in the region is 0.98%, while the lowest median tax rate is 0.32%. Understanding how these cities compare with Alzada provides valuable insights into the varying tax landscape across Carter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alzada Tax Rate
0.32%
Average Carter County Tax Rate
0.41%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alzada, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59311 | 0.30% | 0.30% | 0.32% | 0.35% | 0.38% |
Source: Ownwell
Property Tax Assessment Values Across Alzada, Montana
In Alzada, 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 Carter 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 Alzada, 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 Alzada helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill of $335.00 is seen in the 59311 zip code, while the lowest median tax bill is also $335.00 in the same zip code.
Average Alzada Assessed Value
$73,605
Average Carter County Assessed Value
$74,600
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alzada, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59311 | $5,638 | $19,704 | $73,605 | $159,630 | $283,412 |
Source: Ownwell
Property Tax Bills Across Alzada, Montana
In Alzada, located in Carter County, MT, 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 home's market value. For a median home price of $73,605, homeowners can expect property tax bills to vary significantly. The tax bill for the 25th percentile is around $108, while those in the 75th percentile pay approximately $581. At the 90th percentile, the bill can reach up to $1,039. These figures are influenced by local tax rates and the specific assessed value of each property. Compared to the national median property tax rate of 0.99%, Alzada's tax rates can be seen as relatively modest, providing some relief to homeowners. However, these taxes still play a crucial role in funding essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Alzada Tax Bill
$335
Average Carter County Tax Bill
$421
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Alzada, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59311 | $31 | $108 | $335 | $581 | $1,039 |
Source: Ownwell