Ledger, Montana Property Taxes
The median property tax rate in Ledger, MT is 1.08%, notably higher than both the national median of 0.99% and Montana's state median of 0.83%. With a median home value of $321,670 in Ledger, the typical annual property tax bill reaches $3,744, surpassing the national median of $2,690. Property taxes in Ledger 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 Ledger'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 Ledger 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
Ledger, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$3,474
$3,224
Ownwell’s LEDGER Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LEDGER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LEDGER 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 Ledger, Montana
Property taxes in Ledger, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ledger is 1.08%, higher than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Ledger set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ledger 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 Ledger's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59456 has both the highest and lowest median property tax rate of 1.08%. Understanding how these cities compare with Ledger 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 Ledger Tax Rate
1.08%
Average Toole County Tax Rate
1.23%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ledger, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59456 | 0.94% | 1.00% | 1.08% | 1.14% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Ledger, Montana
In Ledger, 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 Ledger, 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 Ledger helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Ledger is $3,744 in the 59456 zip code, which is also the lowest median tax bill in the area.
Average Ledger Assessed Value
$321,670
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 Ledger, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59456 | $134,599 | $194,138 | $321,670 | $455,928 | $577,381 |
Source: Ownwell
Property Tax Bills Across Ledger, Montana
Property tax bills in Ledger, Toole County, MT, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor's office and is a percentage of the market value of the property. Homeowners in Ledger typically see tax bills that vary widely depending on the value of their homes. For instance, the 25th percentile tax bill is around $2,241, while the 75th percentile tax bill rises to $5,144, and the 90th percentile tax bill can reach up to $7,326. These taxes are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners may find that higher property values lead to higher tax bills, impacting their annual budget. Comparing this to the national median property tax rate of 0.99%, the tax situation in Ledger can be seen as relatively variable, with some homeowners paying significantly more or less depending on their property's assessed value.
Average Ledger Tax Bill
$3,744
Average Toole County Tax Bill
$1,320
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Ledger, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59456 | $1,257 | $2,241 | $3,744 | $5,144 | $7,326 |
Source: Ownwell