Ethridge, Montana Property Taxes
The median property tax rate in Ethridge, MT is 0.95%, slightly lower than the national median of 0.99% but higher than the Montana state median of 0.83%. With the median home value in Ethridge at $233,572, the typical annual property tax bill reaches $2,785, surpassing the national median of $2,690. Property taxes in Ethridge 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 Ethridge'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 Ethridge 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
Ethridge, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$2,219
$2,059
Ownwell’s Ethridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ethridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ethridge 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 Ethridge, Montana
Property taxes in Ethridge, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ethridge is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Ethridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ethridge 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 Ethridge's effective property tax rate to other areas in Montana and the national median. For comparison, the 59435 zip code has both the highest and lowest median property tax rate of 0.95%. Understanding how these areas compare with Ethridge provides valuable insights into the varying tax landscape across Toole County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ethridge Tax Rate
0.95%
Average Toole County Tax Rate
1.23%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ethridge, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59435 | 0.91% | 0.93% | 0.95% | 1.25% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Ethridge, Montana
In Ethridge, 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 Toole 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 Ethridge, 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 Ethridge is $233,572, with tax bills ranging from $2,052 at the 25th percentile to $5,593 at the 90th percentile. Notably, the zip code 59435 has the highest and lowest median tax bill at $2,785. 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 Ethridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ethridge Assessed Value
$233,572
Average Toole County Assessed Value
$109,500
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ethridge, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59435 | $98,699 | $132,894 | $233,572 | $326,386 | $530,719 |
Source: Ownwell
Property Tax Bills Across Ethridge, Montana
In Ethridge, Toole County, MT, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor's office. The assessed value is a percentage of your home's market value. For instance, with a median home price of $233,572, the tax bill can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $2,052, while those in the 75th percentile might see a bill closer to $3,935. For the top 10% of homes, tax bills can reach up to $5,593. These variations are influenced by factors such as property location, size, and improvements, as well as local tax rates. Compared to the national median property tax rate of 0.99%, Ethridge homeowners experience a range of tax burdens. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly. Accurate assessments ensure that tax contributions are equitable, supporting essential community services and infrastructure.
Average Ethridge Tax Bill
$2,785
Average Toole County Tax Bill
$1,320
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Ethridge, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59435 | $1,094 | $2,052 | $2,785 | $3,935 | $5,593 |
Source: Ownwell