Haugan, Montana Property Taxes
The median property tax rate in Haugan, MT is 0.75%, 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 Haugan, the typical annual property tax bill is $1,804, significantly below the national median of $2,690. Property taxes in Haugan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Haugan'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 Haugan or another part of Mineral County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Haugan, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$1,765
Ownwell’s Haugan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Haugan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Haugan 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 Haugan, Montana
Property taxes in Haugan, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Haugan is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Haugan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Haugan 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 Haugan's effective property tax rate to other areas in Mineral County and the national median. For comparison, the zip code 59842 has both the highest and lowest median property tax rate of 0.75%. Understanding how these cities compare with Haugan provides valuable insights into the varying tax landscape across Mineral County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Haugan Tax Rate
0.75%
Average Mineral County Tax Rate
0.79%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Haugan, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59842 | 0.43% | 0.73% | 0.75% | 0.79% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Haugan, Montana
In Haugan, 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 Mineral 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 Haugan, 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 Haugan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 59842, with a median tax bill of $1,804, which is notably lower than the national median property tax rate of 0.99%.
Average Haugan Assessed Value
$235,394
Average Mineral County Assessed Value
$209,700
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Haugan, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59842 | $29,900 | $157,188 | $235,394 | $324,000 | $429,600 |
Source: Ownwell
Property Tax Bills Across Haugan, Montana
In Haugan, located in Mineral County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. For instance, with a median home price of $235,394, the tax bill varies significantly across different percentiles. Homeowners at the 25th percentile see tax bills around $1,230, while those at the 75th and 90th percentiles face bills of approximately $2,331 and $2,888, respectively. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. This variability in tax bills means that homeowners need to be aware of how their property's assessed value compares to others in the area. Although the median tax bill in Haugan is $1,804, this figure can fluctuate, affecting homeowners' annual expenses. Understanding these factors helps homeowners better anticipate their financial obligations and plan accordingly.
Average Haugan Tax Bill
$1,804
Average Mineral County Tax Bill
$1,827
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Haugan, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59842 | $697 | $1,230 | $1,804 | $2,331 | $2,888 |
Source: Ownwell