Hungry Horse, Montana Property Taxes
The median property tax rate in Hungry Horse, MT is 0.82%, slightly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Hungry Horse at $167,185, the typical annual property tax bill is $1,505, which is below the national median of $2,690. Property taxes in Hungry Horse 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 Hungry Horse'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 Hungry Horse 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
Hungry Horse, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$1,371
Ownwell’s Hungry Horse Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hungry Horse with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hungry Horse 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 Hungry Horse, Montana
Property taxes in Hungry Horse, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hungry Horse is 0.82%, lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Hungry Horse set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hungry Horse 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 Hungry Horse's effective property tax rate to other counties in Montana and the national median. For comparison, the 59919 zip code has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these cities compare with Hungry Horse provides valuable insights into the varying tax landscape across Flathead County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hungry Horse Tax Rate
0.82%
Average Flathead County Tax Rate
0.75%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hungry Horse, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59919 | 0.81% | 0.82% | 0.82% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Hungry Horse, Montana
In Hungry Horse, 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 Flathead 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 Hungry Horse, 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 Hungry Horse helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $167,185, with tax bills ranging from $391 at the 25th percentile to $3,708 at the 90th percentile. The highest and lowest median tax bills are both $1,505 in the 59919 zip code.
Average Hungry Horse Assessed Value
$167,185
Average Flathead County Assessed Value
$447,500
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hungry Horse, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59919 | $10,364 | $34,800 | $167,185 | $308,275 | $449,400 |
Source: Ownwell
Property Tax Bills Across Hungry Horse, Montana
In Hungry Horse, located in Flathead County, MT, property tax bills are calculated based on the assessed value of a home. The local government assesses the market value of a property and then applies the relevant tax rate to determine the tax bill. The median home price in Hungry Horse is $167,185, and property tax rates in the area can vary, leading to different tax bills for homeowners. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, homeowners in the 25th percentile of tax bills pay around $391, while those in the 75th percentile pay approximately $2,624. Those in the 90th percentile face tax bills of up to $3,708. This variability affects homeowners differently, depending on their property's assessed value and the specific tax rates applied. Compared to the national median property tax rate of 0.99%, the rates in Hungry Horse can lead to significantly different financial obligations, impacting household budgets and long-term financial planning.
Average Hungry Horse Tax Bill
$1,505
Average Flathead County Tax Bill
$3,622
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Hungry Horse, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59919 | $128 | $391 | $1,505 | $2,624 | $3,708 |
Source: Ownwell