Neihart, Montana Property Taxes
The median property tax rate in Neihart, MT is 0.70%, 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 $163,700 in Neihart, the typical annual property tax bill amounts to $1,142, falling below the national median of $2,690. Property taxes in Neihart are calculated based on the tax assessed value, which often is less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Neihart'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 Neihart 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
Neihart, 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 Neihart Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Neihart with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Neihart to provide an estimate of 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 Neihart, Montana
Property taxes in Neihart, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Neihart is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Neihart set these rates annually, and they can vary significantly across different neighborhoods. Each year, Neihart 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 Neihart's effective property tax rate to other counties in Montana and the national median. For comparison, the 59465 zip code has both the highest and lowest median property tax rate of 0.70%. Understanding how these cities compare with Neihart provides valuable insights into the varying tax landscape across Cascade County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Neihart Tax Rate
0.70%
Average Cascade County Tax Rate
1.00%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Neihart, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59465 | 0.66% | 0.68% | 0.70% | 0.73% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Neihart, Montana
In Neihart, 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 Cascade 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 Neihart, 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 Neihart helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Neihart is $1,142, found in the 59465 zip code, which also has the lowest median tax bill at $1,142. This uniformity in tax bills highlights the importance of understanding property valuations to manage financial obligations effectively.
Average Neihart Assessed Value
$163,700
Average Cascade County Assessed Value
$238,100
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Neihart, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59465 | $24,300 | $81,330 | $163,700 | $232,436 | $328,800 |
Source: Ownwell
Property Tax Bills Across Neihart, Montana
In Neihart, located in Cascade County, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. For instance, with a median home price of $163,700, the tax bill can vary significantly. At the 25th percentile, homeowners might pay around $591, while those at the 75th percentile could see bills as high as $1,576. For the top 10% of homeowners, tax bills can reach up to $2,265. These tax bills are influenced by various factors, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Neihart's rates can be seen as relatively moderate but can still impact homeowners' budgets. Higher property taxes can affect affordability and overall financial planning, making it crucial for homeowners to understand their tax obligations and explore potential exemptions or appeals to manage costs effectively.
Average Neihart Tax Bill
$1,142
Average Cascade County Tax Bill
$2,346
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Neihart, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59465 | $205 | $591 | $1,142 | $1,576 | $2,265 |
Source: Ownwell