Brady, Montana Property Taxes
The median property tax rate in Brady, MT is 0.76%, which is notably lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $125,815 in Brady, the typical annual property tax bill amounts to $1,101, significantly below the national median of $2,690. Property taxes in Brady 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 Brady'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 Brady 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
Brady, 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 Brady Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brady with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brady 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 Brady, Montana
Property taxes in Brady, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brady is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Brady set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brady 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 Brady's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59416 has both the highest and lowest median property tax rate of 0.76%, identical to Brady's rate. Understanding how these cities compare with Brady provides valuable insights into the varying tax landscape across Pondera County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brady Tax Rate
0.76%
Average Pondera County Tax Rate
0.98%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brady, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59416 | 0.76% | 0.76% | 0.76% | 0.79% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Brady, Montana
In Brady, 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. For tax purposes, this value is estimated by the Pondera County Appraisal District. 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. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Brady, the median home price is $125,815, with tax bills ranging from $368 at the 25th percentile to $3,307 at the 90th percentile. The zip code 59416 has the highest and lowest median tax bill of $1,101.
Average Brady Assessed Value
$125,815
Average Pondera County Assessed Value
$169,000
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brady, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59416 | $13,929 | $38,992 | $125,815 | $249,216 | $374,245 |
Source: Ownwell
Property Tax Bills Across Brady, Montana
In Brady, property tax bills are calculated based on the assessed value of your home and the local tax rate. For homeowners, understanding this process is crucial. The assessed value is determined by the county assessor and is a percentage of your home's market value. Once the assessed value is established, the local tax rate is applied. In Brady, the median home price is $125,815. The property tax bill can vary significantly, with the 25th percentile at $368 and the 75th percentile reaching $2,245. For those in the 90th percentile, the tax bill can be as high as $3,307. These figures illustrate the wide range of property tax bills homeowners might encounter. Compared to the national median property tax rate of 0.99%, the property taxes in Brady can be quite variable. Homeowners in this region must budget accordingly, considering these potential fluctuations. The highest and lowest median tax bills in the county are both $1,101, indicating some consistency within specific areas.
Average Brady Tax Bill
$1,101
Average Pondera County Tax Bill
$1,660
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Brady, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59416 | $158 | $368 | $1,101 | $2,245 | $3,307 |
Source: Ownwell