Nashua, Montana Property Taxes
The median property tax rate in Nashua, MT is 0.94%, slightly below the national median of 0.99% but higher than Montana's state median of 0.83%. With the median home value in Nashua at $101,200, the typical annual property tax bill reaches $1,079, which is below the national median of $2,690. Property taxes in Nashua are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Nashua'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 Nashua or another part of Valley County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nashua, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$951
Ownwell’s Nashua Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nashua with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nashua 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 Nashua, Montana
Property taxes in Nashua, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nashua is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Nashua set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nashua 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 Nashua's effective property tax rate to other areas in Valley County and the national median. For comparison, the 59248 zip code has both the highest and lowest median property tax rate of 0.94%. Understanding how these areas compare with Nashua provides valuable insights into the varying tax landscape across Valley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nashua Tax Rate
0.94%
Average Valley County Tax Rate
1.31%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nashua, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59248 | 0.66% | 0.77% | 0.94% | 1.16% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Nashua, Montana
In Nashua, 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 Valley 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 Nashua, 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 Nashua helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 59248, with a tax bill of $1079, while the zip code with the lowest median tax bill is also 59248, with the same tax bill of $1079.
Average Nashua Assessed Value
$101,200
Average Valley County Assessed Value
$101,800
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nashua, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59248 | $10,987 | $35,350 | $101,200 | $201,400 | $331,156 |
Source: Ownwell
Property Tax Bills Across Nashua, Montana
In Nashua, Valley County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value reflects the market value of the property. The tax rate is then applied to this assessed value to determine the final tax bill. Several factors influence this calculation, including the home's location, size, and any improvements made. For homeowners in Nashua, the median home price is $101,200. Property tax bills can vary significantly, with the 25th percentile at $444 and the 75th percentile at $1,868. The 90th percentile tax bill reaches up to $2,740, reflecting the range of property values and assessments in the area. Compared to the national median property tax rate of 0.99%, Nashua's property taxes offer a diverse landscape for homeowners, impacting their annual financial planning and long-term investment strategies.
Average Nashua Tax Bill
$1,079
Average Valley County Tax Bill
$1,277
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Nashua, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59248 | $141 | $444 | $1,079 | $1,868 | $2,740 |
Source: Ownwell