Ashland, Montana Property Taxes
The median property tax rate in Ashland, MT is 0.70%, which is notably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Ashland at $63,800, the typical annual property tax bill is $417, significantly below the national median of $2,690. Property taxes in Ashland are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Ashland's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Ashland or another part of Rosebud County, grasping 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
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$447
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashland is 0.70%, 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 in the county at 0.70%. Understanding how these areas compare with Ashland provides valuable insights into the varying tax landscape across Rosebud County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashland Tax Rate
0.70%
Average Rosebud County Tax Rate
0.80%
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 | 0.55% | 0.55% | 0.70% | 0.80% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Ashland, Montana
In Ashland, 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 Rosebud County 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. 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 Ashland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 59003 has both the highest and lowest median tax bill, standing at $417.
Average Ashland Assessed Value
$63,800
Average Rosebud County Assessed Value
$88,000
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 | $11,055 | $37,890 | $63,800 | $107,305 | $165,518 |
Source: Ownwell
Property Tax Bills Across Ashland, Montana
In Ashland, located in Rosebud County, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor's office and is typically a percentage of the property's market value. For instance, with a median home price of $63,800 in Ashland, the tax bill can vary significantly depending on the assessed value and applicable exemptions. Homeowners in Ashland can expect their property tax bills to fall within a range, with the 25th percentile at $343 and the 75th percentile at $949. The top 10% of tax bills can go up to $1,370, reflecting higher-valued properties or fewer available exemptions. These figures are relatively low compared to the national median property tax rate of 0.99%, making Ashland an affordable option for homeowners. The property tax bill directly impacts homeowners by influencing their monthly mortgage payments if taxes are escrowed, and it can affect the overall affordability of owning a home in the area. Understanding these factors helps homeowners in Ashland better manage their financial planning and property investments.
Average Ashland Tax Bill
$417
Average Rosebud County Tax Bill
$942
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 | $226 | $343 | $417 | $949 | $1,370 |
Source: Ownwell