Lindsay, Montana Property Taxes
The median property tax rate in Lindsay, MT is 0.85%, slightly higher than the state median of 0.83% but below the national median of 0.99%. With the median home value in Lindsay at $363,185, the typical annual property tax bill reaches $3,089, surpassing the national median of $2,690. Property taxes in Lindsay are calculated based on the tax assessed value, which is usually lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lindsay'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 Lindsay 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
Lindsay, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$3,087
Ownwell’s Lindsay Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential property owners to estimate their annual property taxes in Lindsay, Prairie County, MT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lindsay to estimate your property tax bill, providing a clear understanding of potential tax liabilities. This insightful tool helps you plan and budget effectively. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Lindsay, Montana
Property taxes in Lindsay, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lindsay is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Lindsay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lindsay 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 Lindsay's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59339 has both the highest and lowest median property tax rate of 0.85%. Understanding how these cities compare with Lindsay provides valuable insights into the varying tax landscape across Prairie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lindsay Tax Rate
0.85%
Average Prairie County Tax Rate
1.05%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lindsay, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59339 | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Lindsay, Montana
In Lindsay, 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 Prairie 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 Lindsay, 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 Lindsay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $3,089 in the 59339 zip code.
Average Lindsay Assessed Value
$363,185
Average Prairie County Assessed Value
$64,200
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lindsay, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59339 | $363,185 | $363,185 | $363,185 | $363,185 | $363,185 |
Source: Ownwell
Property Tax Bills Across Lindsay, Montana
In Lindsay, located in Prairie County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to generate the annual tax bill. In this region, the median home price is $363,185, and the property tax rate is a crucial factor in determining the final bill. For example, the tax bill at the 25th, 75th, and 90th percentiles is consistently $3,089, highlighting a uniform tax rate across different property values. Factors such as property improvements, market conditions, and local government budgets can influence the assessed value and, consequently, the tax bill. Homeowners in Lindsay should be aware that property taxes can significantly impact their annual expenses. With a median tax bill of $3,089, homeowners might find their property taxes higher than the national median rate of 0.99%, affecting their overall financial planning and housing affordability.
Average Lindsay Tax Bill
$3,089
Average Prairie County Tax Bill
$652
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Lindsay, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59339 | $3,089 | $3,089 | $3,089 | $3,089 | $3,089 |
Source: Ownwell