Lindsay, Montana Property Taxes
The median property tax rate in Lindsay, MT is 0.88%, slightly lower than the national median of 0.99% but higher than the Montana state median of 0.83%. With the median home value in Lindsay at $135,609, the typical annual property tax bill is $1,303, which is below the national median of $2,690. Property taxes in Lindsay 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 Lindsay'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 Lindsay 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
Lindsay, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,193
$1,107
Ownwell’s Lindsay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lindsay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lindsay 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 Lindsay, Montana
Property taxes in Lindsay, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lindsay is 0.88%, slightly lower than the U.S. national median of 0.99%. Local government entities within Lindsay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lindsay 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 Lindsay's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59339 has both the highest and lowest median property tax rate of 0.88%. Understanding how these cities compare with Lindsay 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 Lindsay Tax Rate
0.88%
Average Dawson County Tax Rate
1.38%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lindsay, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59339 | 0.74% | 0.76% | 0.88% | 0.96% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Lindsay, Montana
In Lindsay, 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 local 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 Lindsay, 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. For example, the median home price in Lindsay is $135,609, with tax bills ranging from $807 at the 25th percentile to $2,779 at the 90th percentile. The zip code 59339 has the highest and lowest median tax bill of $1,303. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lindsay Assessed Value
$135,609
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 Lindsay, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59339 | $7,336 | $57,835 | $135,609 | $208,181 | $320,426 |
Source: Ownwell
Property Tax Bills Across Lindsay, Montana
Property tax bills in Lindsay, located in Dawson County, MT, are calculated based on the assessed value of a property and the local tax rate. The median home price in Lindsay is $135,609. Homeowners in the area can expect varying tax bills depending on their property's assessed value. For instance, those in the 25th percentile typically pay around $807, whereas those in the 75th percentile face a tax bill of approximately $1,823. At the 90th percentile, the tax bill can climb to about $2,779. These tax bills are influenced by several factors, including the property's assessed value, which is determined by local assessors, and the tax rate set by local government authorities. Compared to the national median property tax rate of 0.99%, homeowners in Lindsay might find their rates relatively manageable. However, these taxes significantly impact homeowners' annual expenses, making it crucial for them to stay informed about property assessments and potential appeals.
Average Lindsay Tax Bill
$1,303
Average Dawson County Tax Bill
$1,948
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Lindsay, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59339 | $398 | $807 | $1,303 | $1,823 | $2,779 |
Source: Ownwell