Babb, Montana Property Taxes
The median property tax rate in Babb, MT is 1.10%, notably higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Babb at $128,000, the typical annual property tax bill reaches $1,403, surpassing the national median of $2,690. Property taxes in Babb are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Babb'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 Babb or another part of Glacier County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Babb, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$1,408
Ownwell’s Babb Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Babb with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Babb 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 Babb, Montana
Property taxes in Babb, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Babb is 1.10%, higher than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Babb set these rates annually, and they can vary significantly across different neighborhoods. Each year, Babb 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 Babb's effective property tax rate to other counties in Montana and the national median. For comparison, the 59411 ZIP code has the highest median property tax rate of 1.10%, while the same ZIP code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Babb provides valuable insights into the varying tax landscape across Glacier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Babb Tax Rate
1.10%
Average Glacier County Tax Rate
1.19%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Babb, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59411 | 1.10% | 1.10% | 1.10% | 1.10% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Babb, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Babb, Montana. 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 Glacier 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 Babb, 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. The highest and lowest median tax bills in Babb are both $1,403, found in zip code 59411. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Babb Assessed Value
$128,000
Average Glacier County Assessed Value
$123,548
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Babb, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59411 | $17,610 | $35,115 | $128,000 | $217,816 | $307,729 |
Source: Ownwell
Property Tax Bills Across Babb, Montana
In Babb, property tax bills are determined by assessing the value of a property and applying the local tax rate. The assessed value is a percentage of the market value of the home. For example, with a median home price of $128,000 in Babb, the tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location within Glacier County, any applicable exemptions, and the specific tax rate set by local authorities. Homeowners in Babb can expect a wide range of tax bills. The 25th percentile tax bill is about $379, while the 75th percentile tax bill can go up to $2,514, and the 90th percentile reaches $3,398. These variations depend on the property's assessed value and any applicable deductions or exemptions. Understanding how these factors interact helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Babb Tax Bill
$1,403
Average Glacier County Tax Bill
$1,402
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Babb, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59411 | $204 | $379 | $1,403 | $2,514 | $3,398 |
Source: Ownwell