Cardwell, Montana Property Taxes
The median property tax rate in Cardwell, MT is 0.67%, which is notably lower than both the national median of 0.99% and Montana's state median of 0.83%. With the median home value in Cardwell, the typical annual property tax bill amounts to $2,289, falling below the national median of $2,690. Property taxes in Cardwell are determined based on the tax assessed value, which often remains under the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Cardwell's property tax system, exploring the available exemptions, and identifying potential opportunities for reductions can result in substantial annual savings. Whether you reside in the heart of Cardwell or another part of Jefferson County, a deep knowledge of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cardwell, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$2,264
$2,101
Ownwell’s Cardwell Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cardwell using just two data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Cardwell to provide an estimate of your property tax bill. This valuable tool aids in understanding potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the figure assigned by the county for property tax calculations, which includes any applicable exemptions.
Property Tax Rates Across Cardwell, Montana
Property taxes in Cardwell, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cardwell is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Cardwell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cardwell 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 Cardwell's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59721 has both the highest and lowest median property tax rate of 0.67%. Understanding how these cities compare with Cardwell provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cardwell Tax Rate
0.67%
Average Jefferson County Tax Rate
0.71%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cardwell, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59721 | 0.63% | 0.65% | 0.67% | 0.72% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Cardwell, Montana
In Cardwell, 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 Jefferson 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 Cardwell, 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 Cardwell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 59721 has the highest median tax bill at $2,289, while the same zip code also has the lowest median tax bill at $2,289.
Average Cardwell Assessed Value
$337,962
Average Jefferson County Assessed Value
$377,859
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cardwell, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59721 | $56,468 | $217,234 | $337,962 | $519,640 | $781,759 |
Source: Ownwell
Property Tax Bills Across Cardwell, Montana
In Cardwell, Jefferson County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is typically a percentage of the property's market value, which in Cardwell is around $337,962. Homeowners' tax bills are then derived by applying the local tax rate to this assessed value. Factors influencing the tax bill include the property's location, its assessed value, and any applicable exemptions. For instance, Cardwell's 25th percentile tax bill is $1,528, while the 75th percentile tax bill is $3,536, and the 90th percentile tax bill reaches $5,062. These taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Compared to the national median property tax rate of 0.99%, Cardwell's rates can vary, reflecting the unique economic and administrative conditions of Jefferson County. This variation means homeowners may experience different financial obligations, influencing their overall housing costs and budget planning.
Average Cardwell Tax Bill
$2,289
Average Jefferson County Tax Bill
$2,698
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Cardwell, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59721 | $790 | $1,528 | $2,289 | $3,536 | $5,062 |
Source: Ownwell