Poplar, Montana Property Taxes
The median property tax rate in Poplar, MT is 1.17%, notably higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Poplar at $70,411, the typical annual property tax bill reaches $1,397, surpassing the national median of $2,690. Property taxes in Poplar are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Poplar'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 Poplar 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
Poplar, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$824
$764
Ownwell’s Poplar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Poplar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Poplar 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 Poplar, Montana
Property taxes in Poplar, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Poplar is 1.17%, significantly higher than the U.S. national median of 0.99%. Local government entities within Poplar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Poplar 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 Poplar's effective property tax rate to other counties in Montana and the national median. For comparison, the 59255 zip code has both the highest and lowest median property tax rate of 1.17%. Understanding how these cities compare with Poplar 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 Poplar Tax Rate
1.17%
Average Mccone County Tax Rate
1.03%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Poplar, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59255 | 1.10% | 1.13% | 1.17% | 1.21% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Poplar, Montana
In Poplar, 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 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 Poplar, 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. The median home price in Poplar is $70,411, with the 25th percentile tax bill at $1,080 and the 75th percentile tax bill at $1,714. The highest and lowest median tax bills are both $1,397, found in zip code 59255. 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 Poplar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Poplar Assessed Value
$70,411
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 Poplar, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59255 | $20,498 | $39,216 | $70,411 | $116,404 | $144,000 |
Source: Ownwell
Property Tax Bills Across Poplar, Montana
In Poplar, located in McCone County, MT, property tax bills are calculated based on the assessed value of your home, which is determined by the local assessor's office. This assessed value is a percentage of the market value of your property. The median home price in Poplar is $70,411, which provides a baseline for understanding tax obligations. The property tax rate in Poplar is then applied to the assessed value to determine the annual tax bill. For example, homeowners in the 25th percentile pay around $1,080, while those in the 75th percentile pay approximately $1,714. The highest median tax bill recorded in the area is $1,397, which is significantly higher than the national median property tax rate of 0.99%. These tax bills can significantly impact homeowners, influencing their overall cost of living and financial planning. Understanding how these taxes are calculated and the factors involved can help homeowners better prepare and budget for their annual expenses.
Average Poplar Tax Bill
$1,397
Average Mccone County Tax Bill
$1,040
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Poplar, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59255 | $890 | $1,080 | $1,397 | $1,714 | $1,904 |
Source: Ownwell