Moccasin, Montana Property Taxes
The median property tax rate in Moccasin, MT is 0.67%, which is significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $185,034 in Moccasin, the typical annual property tax bill amounts to $1,336, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Moccasin'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 Moccasin or another part of Fergus County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moccasin, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$1,240
Ownwell’s Moccasin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moccasin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moccasin 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 Moccasin, Montana
Property taxes in Moccasin, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moccasin is 0.67%, lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Moccasin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moccasin 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 Moccasin's effective property tax rate to other counties in Montana and the national median. For comparison, the 59462 zip code has the highest median property tax rate of 0.67%, while the same zip code also has the lowest median tax rate of 0.67%. Understanding how these cities compare with Moccasin 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 Moccasin Tax Rate
0.67%
Average Fergus County Tax Rate
0.99%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moccasin, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59462 | 0.60% | 0.63% | 0.67% | 0.69% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Moccasin, Montana
In Moccasin, 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. 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 Moccasin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Moccasin, the highest and lowest median tax bills are both $1,336, found in zip code 59462.
Average Moccasin Assessed Value
$185,034
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 Moccasin, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59462 | $142,738 | $155,134 | $185,034 | $223,137 | $249,792 |
Source: Ownwell
Property Tax Bills Across Moccasin, Montana
In Moccasin, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. For example, with a median home price of $185,034, the tax bill can vary significantly depending on the specific assessed value and applicable tax rate. The tax bill in Moccasin typically ranges from $964 at the 25th percentile to $1,587 at the 75th percentile, with the 90th percentile reaching up to $1,715. These figures demonstrate the variability in tax bills, influenced by factors such as property size, location, and improvements. Homeowners in Moccasin can expect their property taxes to be a significant annual expense, impacting their overall cost of living. While the median property tax rate in Moccasin is not directly provided, it's useful to compare it to the national median property tax rate of 0.99% to gauge relative affordability. Understanding these factors can help homeowners better anticipate their financial obligations.
Average Moccasin Tax Bill
$1,336
Average Fergus County Tax Bill
$1,787
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Moccasin, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59462 | $852 | $964 | $1,336 | $1,587 | $1,715 |
Source: Ownwell