Glen, Montana Property Taxes
The median property tax rate in Glen, MT is 0.60%, considerably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Glen at $841,913, the typical annual property tax bill reaches $5,036, which exceeds the national median of $2,690. Property taxes in Glen 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 Glen'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 Glen 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
Glen, Montana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,660
Ownwell’s Glen Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Glen with just two data points. By entering your property's assessed value, the calculator uses the median tax rate in Glen to provide an estimated property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax purposes and considers any applicable exemptions.
Property Tax Rates Across Glen, Montana
Property taxes in Glen, Montana, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Glen is 0.60%, lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Glen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glen 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 Glen's effective property tax rate to other counties in Montana and the national median. For comparison, the 59732 zip code has both the highest and lowest median property tax rate of 0.60%. Understanding how these cities compare with Glen provides valuable insights into the varying tax landscape across Madison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glen Tax Rate
0.60%
Average Madison County Tax Rate
0.36%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glen, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59732 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Glen, Montana
In Glen, 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 Madison 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 Glen, 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 Glen is $841,913, with the highest and lowest median tax bills both recorded at $5,036 in the 59732 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Glen Assessed Value
$841,913
Average Madison County Assessed Value
$483,557
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glen, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59732 | $841,913 | $841,913 | $841,913 | $841,913 | $841,913 |
Source: Ownwell
Property Tax Bills Across Glen, Montana
In Glen, located in Madison County, MT, property tax bills are calculated based on the assessed value of the home. The assessed value is determined by local government assessors and is typically a percentage of the market value of the property. Various factors such as the property's location, size, and condition are considered during the assessment process. Homeowners in Glen face a median property tax bill of $5,036, which is significantly higher than the national median property tax rate of 0.99%. This can have a substantial impact on homeowners, as higher property taxes can increase the overall cost of homeownership. For instance, the tax bill at the 25th, 75th, and 90th percentiles in Glen remains consistent at $5,036, indicating a uniform tax rate across different property values. Understanding how property tax bills are calculated can help homeowners in Glen better anticipate their annual expenses and plan their finances accordingly.
Average Glen Tax Bill
$5,036
Average Madison County Tax Bill
$2,126
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Glen, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59732 | $5,036 | $5,036 | $5,036 | $5,036 | $5,036 |
Source: Ownwell