Moore, Montana Property Taxes
The median property tax rate in Moore, MT is 0.61%, 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 Moore at $363,830, the typical annual property tax bill amounts to $2,220, falling below the national median of $2,690. Property taxes in Moore are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Moore'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 Moore or another part of Judith Basin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moore, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$2,219
Ownwell's Moore Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Moore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moore to give you an accurate property tax bill estimate. This valuable tool helps you understand potential tax liabilities and make informed financial decisions. For those interested in more granular insights, trends at the neighborhood level are also available. Your property’s assessed value, determined by Judith Basin County, is used for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Moore, Montana
Property taxes in Moore, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moore is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within Moore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moore 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 Moore's effective property tax rate to other counties in Montana and the national median. For comparison, the 59464 zip code has the highest median property tax rate of 0.61%, while the same zip code also has the lowest median tax rate of 0.61%. Understanding how these cities compare with Moore provides valuable insights into the varying tax landscape across Judith Basin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moore Tax Rate
0.61%
Average Judith Basin County Tax Rate
0.56%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moore, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59464 | 0.45% | 0.53% | 0.61% | 0.70% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Moore, Montana
In Moore, 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 Judith Basin 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 Moore, 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 Moore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Moore are both $2,220, found in the zip code 59464.
Average Moore Assessed Value
$363,830
Average Judith Basin County Assessed Value
$105,348
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moore, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59464 | $87,539 | $207,338 | $363,830 | $502,826 | $563,988 |
Source: Ownwell
Property Tax Bills Across Moore, Montana
In Moore, located in Judith Basin County, MT, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor, who estimates the market value of the property. This assessed value is then multiplied by the county's tax rate to determine the annual tax bill. For instance, the median home price in Moore is $363,830, and the tax bills vary significantly. Homeowners in the 25th percentile pay around $1,763, while those in the 75th percentile pay approximately $3,491. The 90th percentile sees tax bills as high as $3,684. These tax bills impact homeowners by influencing their overall housing expenses, potentially affecting their ability to afford other necessities or invest in improvements. Compared to the national median property tax rate of 0.99%, homeowners in Moore experience a range of tax burdens that can vary widely depending on their property's assessed value and specific location within the county.
Average Moore Tax Bill
$2,220
Average Judith Basin County Tax Bill
$694
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Moore, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59464 | $1,083 | $1,763 | $2,220 | $3,491 | $3,684 |
Source: Ownwell