Broadus, Montana Property Taxes
The median property tax rate in Broadus, MT is 0.68%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Broadus at $78,000, the typical annual property tax bill is approximately $604, well below the national median of $2,690. Property taxes in Broadus 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 Broadus'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 Broadus 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
Broadus, 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 Broadus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Broadus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Broadus 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 Broadus, Montana
Property taxes in Broadus, Montana, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Broadus is 0.68%, lower than the U.S. national median of 0.99%. Local government entities within Broadus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Broadus 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 Broadus's effective property tax rate to other counties in Montana and the national median. For comparison, the 59317 zip code has both the highest and lowest median property tax rate of 0.68%. Understanding how these cities compare with Broadus 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 Broadus Tax Rate
0.68%
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 Broadus, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59317 | 0.57% | 0.57% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Broadus, Montana
In Broadus, 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 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 Broadus, 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. The median home price in Broadus is $78,000, with the 25th percentile tax bill at $261 and the 75th percentile tax bill at $1,059. The zip code 59317 has the highest and lowest median tax bill, both at $604. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Broadus Assessed Value
$78,000
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 Broadus, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59317 | $7,744 | $26,996 | $78,000 | $152,168 | $241,660 |
Source: Ownwell
Property Tax Bills Across Broadus, Montana
In Broadus, located in Powder River County, MT, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the tax bill. Broadus has a median home price of $78,000, which influences the overall tax amount. Several factors contribute to the final tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, tax bills can range significantly, with the 25th percentile at $261 and the 90th percentile reaching up to $1,545. The median tax bill stands at $604, which is lower than the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable for residents, potentially attracting more people to the area. Understanding these factors helps homeowners anticipate their annual property tax obligations.
Average Broadus Tax Bill
$604
Average Powder River County Tax Bill
$666
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Broadus, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59317 | $116 | $261 | $604 | $1,059 | $1,545 |
Source: Ownwell