Ledger, Montana Property Taxes
The median property tax rate in Ledger, MT is 0.90%, slightly below the national median of 0.99% but higher than the Montana state median of 0.83%. With the median home value in Ledger at $160,167, the typical annual property tax bill is $1,681, which is lower than the national median of $2,690. Property taxes in Ledger are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Ledger'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 Ledger 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
Ledger, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$1,442
$1,338
Ownwell’s LEDGER Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LEDGER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LEDGER 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 Ledger, Montana
Property taxes in Ledger, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ledger is 0.90%, which is lower than the U.S. national median of 0.99%. Local government entities within Ledger set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ledger 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 Ledger's effective property tax rate to other areas in Montana and the national median. For comparison, the zip code 59456 has the highest median property tax rate of 0.90%, while the same zip code also has the lowest median tax rate of 0.90%. Understanding how these areas compare with Ledger 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 Ledger Tax Rate
0.90%
Average Pondera County Tax Rate
0.98%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ledger, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59456 | 0.78% | 0.88% | 0.90% | 1.01% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Ledger, Montana
In LEDGER, 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 Pondera 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 LEDGER, 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 LEDGER is $160,167, with tax bills ranging from $850 at the 25th percentile to $4,344 at the 90th percentile. The zip code 59456 has the highest and lowest median tax bill, both at $1,681. By understanding these valuation processes, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ledger Assessed Value
$160,167
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 Ledger, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59456 | $12,856 | $40,358 | $160,167 | $290,439 | $377,696 |
Source: Ownwell
Property Tax Bills Across Ledger, Montana
In Ledger, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to arrive at the annual tax bill. Several factors influence the assessed value, including the market value of similar properties, any improvements made to the property, and overall market conditions. Homeowners in Ledger can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is approximately $850, while the 75th percentile tax bill reaches around $2,633. At the higher end, the 90th percentile tax bill can go up to $4,344. These variations are influenced by the property's assessed value and the specific tax rate applied. Comparatively, the highest median tax bill in the region is $1,681, which is uniform across the zip code 59456. This is relatively modest when compared to the national median property tax rate of 0.99%, reflecting the economic landscape of the area. Homeowners should be aware of these factors as they can significantly impact their annual financial obligations.
Average Ledger Tax Bill
$1,681
Average Pondera County Tax Bill
$1,660
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Ledger, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59456 | $143 | $850 | $1,681 | $2,633 | $4,344 |
Source: Ownwell