Lindsay, Montana Property Taxes
The median property tax rate in Lindsay, MT is 0.89%, slightly lower than the national median of 0.99% but higher than the Montana state median of 0.83%. With a median home value of $160,309 in Lindsay, the typical annual property tax bill amounts to $1,434, which is below the national median of $2,690. Property taxes in Lindsay are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Lindsay'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 Lindsay or another part of McCone County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lindsay, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,427
$1,324
Ownwell’s Lindsay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lindsay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lindsay 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 Lindsay, Montana
Property taxes in Lindsay, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lindsay is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Lindsay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lindsay 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 Lindsay's effective property tax rate to other counties in Montana and the national median. For comparison, the 59339 zip code has both the highest and lowest median property tax rate of 0.89%. Understanding how these areas compare with Lindsay provides valuable insights into the varying tax landscape across McCone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lindsay Tax Rate
0.89%
Average Mccone County Tax Rate
1.03%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lindsay, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59339 | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Lindsay, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Lindsay, Montana. The market value represents 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 McCone 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 Lindsay, 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. For example, the highest median tax bill in Lindsay is $1,434 in the zip code 59339, which is also the lowest median 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 Lindsay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lindsay Assessed Value
$160,309
Average Mccone County Assessed Value
$94,252
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lindsay, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59339 | $160,309 | $160,309 | $160,309 | $160,309 | $160,309 |
Source: Ownwell
Property Tax Bills Across Lindsay, Montana
In Lindsay, located in McCone County, MT, property tax bills are calculated based on the assessed value of a home. The median home price in Lindsay is $160,309. Property taxes in this region are relatively straightforward, with the median tax bill consistently at $1,434, regardless of percentile. This uniformity suggests a stable tax rate across different property values. The calculation of property taxes involves multiplying the assessed value of the property by the local tax rate. Factors such as property size, location, and any applicable exemptions also play a role in determining the final tax bill. For homeowners in Lindsay, the tax rate results in a median tax bill of $1,434, which is higher than the national median property tax rate of 0.99%. This higher rate can impact homeowners by increasing their annual expenses, making it essential for them to budget accordingly. Despite this, the consistency in tax bills provides a predictable financial landscape for property owners.
Average Lindsay Tax Bill
$1,434
Average Mccone County Tax Bill
$1,040
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Lindsay, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59339 | $1,434 | $1,434 | $1,434 | $1,434 | $1,434 |
Source: Ownwell