Judith Gap, Montana Property Taxes
The median property tax rate in Judith Gap, MT is 0.74%, which is lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Judith Gap at $67,800, the typical annual property tax bill is $505, significantly below the national median of $2,690. Property taxes in Judith Gap are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Judith Gap'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 Judith Gap or another part of Wheatland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Judith Gap, Montana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,660
Ownwell’s Judith Gap Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Judith Gap with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Judith Gap 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 Judith Gap, Montana
Property taxes in Judith Gap are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Judith Gap is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Judith Gap set these rates annually, and they can vary significantly across different neighborhoods. Each year, Judith Gap 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 Judith Gap's effective property tax rate to other areas in Wheatland County and the national median. For comparison, the 59453 zip code has the same median property tax rate of 0.74%. Understanding how these areas compare with Judith Gap 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 Judith Gap Tax Rate
0.74%
Average Wheatland County Tax Rate
0.77%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Judith Gap, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59453 | 0.54% | 0.58% | 0.74% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Judith Gap, Montana
In Judith Gap, 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 Judith Gap, 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 Judith Gap is $67,800, with tax bills ranging from $148 at the 25th percentile to $1,691 at the 90th percentile. Interestingly, the highest and lowest median tax bills in the area are both $505, found in the 59453 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Judith Gap Assessed Value
$67,800
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 Judith Gap, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59453 | $10,090 | $20,404 | $67,800 | $179,734 | $252,590 |
Source: Ownwell
Property Tax Bills Across Judith Gap, Montana
In Judith Gap, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The tax rate in this region is applied to the assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Judith Gap experience varying tax bills, with the 25th percentile at $148 and the 75th percentile at $1,144. The highest median tax bill recorded is $505, which is significantly lower than the national median property tax rate of 0.99%. This relatively lower tax burden can be beneficial for homeowners, making property ownership more affordable. However, understanding the factors that affect property taxes is crucial for homeowners to manage their expenses effectively and take advantage of potential exemptions or appeals.
Average Judith Gap Tax Bill
$505
Average Wheatland County Tax Bill
$680
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Judith Gap, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59453 | $75 | $148 | $505 | $1,144 | $1,691 |
Source: Ownwell