Ledger, Liberty County, Montana Property Taxes
The median property tax rate in Ledger, MT is 0.77%, which is lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Ledger, the typical annual property tax bill reaches $2,689, just below the national median of $2,690. Property taxes in Ledger 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 Ledger'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 Ledger 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
Ledger, Liberty County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$2,612
$2,424
Ownwell’s LEDGER Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LEDGER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LEDGER 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 Ledger, Liberty County, Montana
Property taxes in Ledger, Montana, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Ledger is 0.77%, lower than the U.S. national median of 0.99%. Local government entities within Ledger set these rates annually, and they can vary across different neighborhoods. Each year, Ledger 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 Ledger's effective property tax rate to other counties in Montana and the national median. For comparison, the 59456 zip code has both the highest and lowest median property tax rate of 0.77%. Understanding how these areas compare with Ledger provides valuable insights into the varying tax landscape across Liberty County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ledger Tax Rate
0.77%
Average Liberty County Tax Rate
0.90%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ledger, Liberty County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59456 | 0.73% | 0.75% | 0.77% | 0.80% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Ledger, Liberty County, Montana
In Ledger, 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 Liberty 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 Ledger, 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 Ledger helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Ledger are both $2,689, found in the 59456 zip code.
Property Tax Assessment Values Across Ledger, Liberty County, Montana
Source: Ownwell
$141,900
$240,551
$339,202
Average Ledger Assessed Value
$339,202
Average Liberty County Assessed Value
$147,950
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ledger, Liberty County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59456 | $120,918 | $217,329 | $339,202 | $410,306 | $743,726 |
Source: Ownwell
Property Tax Bills Across Ledger, Liberty County, Montana
In the city of Ledger in Liberty County, MT, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Ledger can expect their property tax bills to vary significantly. For example, the tax bill at the 25th percentile is $1,674, while at the 75th percentile, it rises to $3,386. The 90th percentile sees tax bills as high as $5,752. Compared to the national median property tax rate of 0.99%, Ledger's tax bills reflect the unique valuations and tax rates of the area. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in the community.
Average Ledger Tax Bill
$2,689
Average Liberty County Tax Bill
$1,293
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Ledger, Liberty County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59456 | $896 | $1,674 | $2,689 | $3,386 | $5,752 |
Source: Ownwell