Harlowton, Montana Property Taxes
The median property tax rate in Harlowton, MT is 0.79%, which is lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $101,600 in Harlowton, the typical annual property tax bill is around $777, significantly lower than the national median of $2,690. Property taxes in Harlowton are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Harlowton'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 Harlowton or another part of Wheatland County, gaining insight into the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Harlowton, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$803
Ownwell’s Harlowton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harlowton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harlowton 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 Harlowton, Montana
Property taxes in Harlowton, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harlowton is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Harlowton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harlowton 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 Harlowton's effective property tax rate to other counties in Montana and the national median. For comparison, the 59036 zip code has the highest median property tax rate of 0.79%, while the lowest median tax rate is also 0.79%. Understanding how these cities compare with Harlowton provides valuable insights into the varying tax landscape across Wheatland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harlowton Tax Rate
0.79%
Average Wheatland County Tax Rate
0.77%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harlowton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59036 | 0.60% | 0.78% | 0.79% | 0.79% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Harlowton, Montana
In Harlowton, 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 Wheatland 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 Harlowton, 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 Harlowton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 59036 has both the highest and lowest median tax bill, standing at $777.
Average Harlowton Assessed Value
$101,600
Average Wheatland County Assessed Value
$93,000
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harlowton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59036 | $26,136 | $61,500 | $101,600 | $155,800 | $223,804 |
Source: Ownwell
Property Tax Bills Across Harlowton, Montana
In Harlowton, property tax bills are calculated based on the assessed value of a home, which is determined by the Wheatland County assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the tax rate is applied to calculate the annual tax bill. For example, with a median home price of $101,600, homeowners in Harlowton can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $450, while the 75th percentile can reach up to $1,205. At the 90th percentile, tax bills can be as high as $1,630. These property taxes fund essential community services such as schools, public safety, and infrastructure. Homeowners should be aware that their tax bills can fluctuate based on changes in property values and tax rates. Compared to the national median property tax rate of 0.99%, Harlowton’s property tax rates reflect local economic conditions and funding needs, impacting how much homeowners pay annually.
Average Harlowton Tax Bill
$777
Average Wheatland County Tax Bill
$680
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Harlowton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59036 | $188 | $450 | $777 | $1,205 | $1,630 |
Source: Ownwell