Ashland, Montana Property Taxes
The median property tax rate in Ashland, MT is 0.75%, 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 in Ashland of $98,100, the typical annual property tax bill amounts to $824, significantly below the national median of $2,690. Property taxes in Ashland 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 Ashland'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 Ashland 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
Ashland, 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 Ashland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ashland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashland 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 Ashland, Montana
Property taxes in Ashland, Montana, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashland is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Ashland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashland 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 Ashland's effective property tax rate to other counties in Montana and the national median. For comparison, the 59003 zip code has both the highest and lowest median property tax rate of 0.75%. Understanding how these cities compare with Ashland provides valuable insights into the varying tax landscape across Powder River County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashland Tax Rate
0.75%
Average Powder River County Tax Rate
0.65%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashland, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59003 | 0.67% | 0.67% | 0.75% | 0.81% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Ashland, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ashland, Montana. 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 Powder River 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 Ashland, 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 Ashland is $98,100, with tax bills ranging from $514 at the 25th percentile to $2,175 at the 90th percentile. The highest and lowest median tax bills, both at $824, are found in zip code 59003. 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.
Average Ashland Assessed Value
$98,100
Average Powder River County Assessed Value
$86,358
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashland, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59003 | $8,170 | $43,229 | $98,100 | $178,600 | $270,739 |
Source: Ownwell
Property Tax Bills Across Ashland, Montana
In Ashland, 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 $98,100, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $514, while those in the 75th percentile face a tax bill of approximately $1,432. At the higher end, the 90th percentile tax bill reaches $2,175. These variations are influenced by factors such as property improvements, location, and market conditions. Compared to the national median property tax rate of 0.99%, Ashland's tax rates reflect the local economic conditions and funding requirements for public services. Higher tax bills can affect homeowners by increasing their annual expenses, potentially impacting their overall financial planning. Understanding these factors helps homeowners anticipate their tax obligations and manage their budgets more effectively.
Average Ashland Tax Bill
$824
Average Powder River County Tax Bill
$666
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashland, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59003 | $231 | $514 | $824 | $1,432 | $2,175 |
Source: Ownwell