Forest Grove, Montana Property Taxes
The median property tax rate in Forest Grove, 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 in Forest Grove of $149,117, the typical annual property tax bill amounts to $1,195, falling below the national median of $2,690. Property taxes in Forest Grove are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Forest Grove'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 Forest Grove or another part of Fergus County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Forest Grove, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$1,044
Ownwell’s Forest Grove Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Forest Grove. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Forest Grove to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities and plan accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Fergus County, is crucial for these calculations and takes into account any applicable exemptions.
Property Tax Rates Across Forest Grove, Montana
Property taxes in Forest Grove, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Forest Grove is 0.70%, which is lower than both the Montana state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Forest Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Forest Grove 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 Forest Grove's effective property tax rate to other counties in Montana and the national median. For comparison, the 59441 zip code has the highest median property tax rate of 0.70%, while the 59441 zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Forest Grove provides valuable insights into the varying tax landscape across Fergus County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Forest Grove Tax Rate
0.70%
Average Fergus County Tax Rate
0.99%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Forest Grove, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59441 | 0.62% | 0.66% | 0.70% | 0.80% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Forest Grove, Montana
In Forest Grove, 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 Fergus 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 Forest Grove, 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 Forest Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the region is $1,195 in zip code 59441, while the lowest median tax bill is also $1,195 in the same zip code.
Average Forest Grove Assessed Value
$149,117
Average Fergus County Assessed Value
$177,627
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Forest Grove, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59441 | $33,496 | $83,178 | $149,117 | $279,186 | $434,699 |
Source: Ownwell
Property Tax Bills Across Forest Grove, Montana
In Forest Grove, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Fergus County typically see a range of tax bills depending on their property's value. For instance, the 25th percentile tax bill is around $670, while those in the 75th percentile can expect to pay approximately $2,265. High-value properties might face tax bills as high as $3,124, placing them in the 90th percentile. These tax bills are influenced by various factors, including the size and location of the property, improvements made, and the local tax rate. With a median home price of $149,117, the tax rate in Forest Grove can significantly impact homeowners’ annual expenses. Compared to the national median property tax rate of 0.99%, understanding these local nuances helps homeowners better anticipate their financial obligations and plan accordingly.
Average Forest Grove Tax Bill
$1,195
Average Fergus County Tax Bill
$1,787
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Forest Grove, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59441 | $409 | $670 | $1,195 | $2,265 | $3,124 |
Source: Ownwell