Jordan, Montana Property Taxes
The median property tax rate in Jordan, MT is 0.91%, slightly below the national median of 0.99% but higher than the Montana state median of 0.83%. With a median home value of $85,315 in Jordan, the typical annual property tax bill amounts to $1,018, which is considerably lower than the national median of $2,690. Property taxes in Jordan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Jordan'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 Jordan 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
Jordan, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$776
$720
Ownwell’s Jordan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jordan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jordan 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 Jordan, Montana
Property taxes in Jordan, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jordan is 0.91%, which is slightly below the U.S. national median of 0.99%. Local government entities within Jordan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jordan 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 Jordan's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59337 has both the highest and lowest median property tax rate in Garfield County, standing at 0.91%. Understanding how these areas compare with Jordan provides valuable insights into the varying tax landscape across Garfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jordan Tax Rate
0.91%
Average Garfield County Tax Rate
0.88%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jordan, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59337 | 0.68% | 0.68% | 0.91% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Jordan, Montana
In Jordan, 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 Garfield 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 Jordan, 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 Jordan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Jordan, both at $1018, are found in the 59337 zip code, highlighting a uniformity in tax assessments across the area.
Average Jordan Assessed Value
$85,315
Average Garfield County Assessed Value
$97,469
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jordan, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59337 | $7,871 | $29,456 | $85,315 | $200,875 | $293,377 |
Source: Ownwell
Property Tax Bills Across Jordan, Montana
In Jordan, located in Garfield County, MT, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Several factors influence the tax bill, including property size, location, and any improvements made. Homeowners in Jordan experience varying tax bills, with the 25th percentile at $388 and the 75th percentile at $1,626, while the 90th percentile reaches $2,410. These property taxes fund essential local services such as schools, infrastructure, and public safety, directly impacting the community. Compared to the national median property tax rate of 0.99%, Jordan's rates reflect the local economic environment and property values. Homeowners should be aware that their tax bills can fluctuate based on changes in property assessments and local tax rates, making it crucial to stay informed and possibly appeal if discrepancies arise.
Average Jordan Tax Bill
$1,018
Average Garfield County Tax Bill
$1,045
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Jordan, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59337 | $128 | $388 | $1,018 | $1,626 | $2,410 |
Source: Ownwell