Huntley, Montana Property Taxes
The median property tax rate in Huntley, MT is 0.65%, 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 Huntley at $309,700, the typical annual property tax bill is $2,129, falling below the national median of $2,690. Property taxes in Huntley are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Huntley'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 Huntley 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
Huntley, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$2,013
$1,868
Ownwell’s Huntley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huntley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huntley 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 Huntley, Montana
Property taxes in Huntley, Montana, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Huntley is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Huntley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huntley 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 Huntley's effective property tax rate to other counties in Montana and the national median. For comparison, the 59037 zip code has the highest median property tax rate of 0.65%, while the same zip code also has the lowest median tax rate of 0.65%. Understanding how these cities compare with Huntley provides valuable insights into the varying tax landscape across Yellowstone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Huntley Tax Rate
0.65%
Average Yellowstone County Tax Rate
0.84%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huntley, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59037 | 0.52% | 0.61% | 0.65% | 0.70% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Huntley, Montana
In Huntley, 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 Yellowstone 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 Huntley, 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 Huntley 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 59037, with a median bill of $2,129.
Average Huntley Assessed Value
$309,700
Average Yellowstone County Assessed Value
$306,700
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Huntley, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59037 | $14,109 | $64,275 | $309,700 | $426,675 | $521,190 |
Source: Ownwell
Property Tax Bills Across Huntley, Montana
In Huntley, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax authorities in Yellowstone County determine the assessed value, and then apply the tax rate to this value to generate the tax bill. Various factors influence the assessed value, including the property's location, size, and condition, as well as recent sales of similar properties in the area. For homeowners in Huntley, the property tax rate can significantly impact their annual expenses. With a median home price of $309,700, tax bills can vary widely. For instance, tax bills at the 25th percentile are around $950, while those at the 75th percentile reach $2,859, and at the 90th percentile, they can be as high as $3,447. Comparatively, the national median property tax rate is 0.99%, making it crucial for homeowners to understand how these taxes are calculated and budget accordingly.
Average Huntley Tax Bill
$2,129
Average Yellowstone County Tax Bill
$2,559
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Huntley, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59037 | $148 | $950 | $2,129 | $2,859 | $3,447 |
Source: Ownwell