Havre, Hill County, Montana Property Taxes
The median property tax rate in Havre, MT is 1.14%, considerably higher than both the national median of 0.99% and Montana's state median of 0.83%. With the median home value in Havre, the typical annual property tax bill reaches $1,989, which is below the national median of $2,690. Property taxes in Havre 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 Havre'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 Havre 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
Havre, Hill County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$1,992
$1,848
Ownwell’s Havre Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Havre with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Havre 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 Havre, Hill County, Montana
Property taxes in Havre, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Havre is 1.14%, higher than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Havre set these rates annually, and they can vary significantly across different neighborhoods. Each year, Havre 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 Havre's effective property tax rate to other counties in Montana and the national median. For comparison, the 59501 zip code has the highest median property tax rate of 1.14%, while the 59501 zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Havre provides valuable insights into the varying tax landscape across Hill County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Havre Tax Rate
1.14%
Average Hill County Tax Rate
1.13%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Havre, Hill County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59501 | 0.79% | 0.88% | 1.14% | 1.23% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Havre, Hill County, Montana
In Havre, 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 Hill 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 Havre, 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 median home price in Havre is $174,700, with annual tax bills ranging from $1,190 at the 25th percentile to $3,474 at the 90th percentile. The highest and lowest median tax bills are both $1,989 in zip code 59501. Being aware of these valuation processes in Havre helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Havre, Hill County, Montana
Source: Ownwell
$82,600
$128,650
$174,700
Average Havre Assessed Value
$174,700
Average Hill County Assessed Value
$169,254
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Havre, Hill County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59501 | $18,546 | $99,400 | $174,700 | $235,700 | $333,140 |
Source: Ownwell
Property Tax Bills Across Havre, Hill County, Montana
In Havre, located in Hill County, MT, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the home, and this percentage can vary. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Several factors influence the tax bill, including changes in the market value of the home, local government budgets, and tax rates set by local taxing authorities. For example, the median home price in Havre is $174,700. Homeowners in this area can expect their tax bills to vary significantly, with the 25th percentile tax bill at $1,190 and the 75th percentile reaching $2,614. The highest median tax bill recorded in the area is $1,989. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the community and homeowners' financial planning.
Average Havre Tax Bill
$1,989
Average Hill County Tax Bill
$1,886
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Havre, Hill County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59501 | $241 | $1,190 | $1,989 | $2,614 | $3,474 |
Source: Ownwell