Glendive, Montana Property Taxes
The median property tax rate in Glendive, MT is 1.40%, considerably higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Glendive at $138,600, the typical annual property tax bill reaches $2,083, slightly below the national median of $2,690. Property taxes in Glendive 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 Glendive'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 Glendive or another part of Dawson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glendive, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$1,940
Ownwell’s Glendive Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glendive with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glendive 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 Glendive, Montana
Property taxes in Glendive, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glendive is 1.40%, significantly higher than the U.S. national median of 0.99%. Local government entities within Glendive set these rates annually, and they can vary across different neighborhoods. Each year, Glendive 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 Glendive's effective property tax rate to other counties in Montana and the national median. For comparison, the 59330 zip code has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with Glendive provides valuable insights into the varying tax landscape across Dawson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glendive Tax Rate
1.40%
Average Dawson County Tax Rate
1.38%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glendive, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59330 | 0.90% | 1.14% | 1.40% | 1.60% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Glendive, Montana
In Glendive, 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 Dawson 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 Glendive, 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 example, the median home price in Glendive is $138,600, and the tax bills can vary significantly. The 25th percentile tax bill is $1,248, while the 75th percentile tax bill is $2,964, and the 90th percentile tax bill is $3,720. Interestingly, the highest and lowest median tax bills are both $2,083 in zip code 59330. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Glendive Assessed Value
$138,600
Average Dawson County Assessed Value
$135,200
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glendive, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59330 | $6,499 | $73,859 | $138,600 | $200,000 | $266,095 |
Source: Ownwell
Property Tax Bills Across Glendive, Montana
In Glendive, Dawson 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 property's market value. Homeowners in Glendive can expect their property tax bill to vary significantly depending on their property's assessed value and the local tax rate. For instance, with a median home price of $138,600, property taxes can range widely. At the 25th percentile, homeowners might pay around $1,248, while those at the 75th percentile could see bills as high as $2,964. The 90th percentile tax bill can reach up to $3,720. The highest and lowest median tax bill in Glendive is $2,083, which aligns with the national median property tax rate of 0.99%. These taxes fund essential public services such as schools, roads, and emergency services, impacting the overall quality of life. Therefore, understanding how property tax bills are calculated is crucial for homeowners to manage their finances effectively.
Average Glendive Tax Bill
$2,083
Average Dawson County Tax Bill
$1,948
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Glendive, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59330 | $468 | $1,248 | $2,083 | $2,964 | $3,720 |
Source: Ownwell