Laurel, Carbon County, Montana Property Taxes

Name: Property Tax Bills Across Laurel, Carbon County, Montana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Laurel, MT effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but lower than the Montana state median of 0.83%.
Median Laurel, MT home value: $345,670
Median annual Laurel, MT tax bill: $2,059, $341 lower than the national median property tax bill of $2,400.

How are property taxes in Carbon County calculated?

Property taxes in Laurel, MT are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Laurel’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Laurel, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Laurel, Carbon County, Montana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.64%

Estimate Property Tax Bill

$2,212

$2,053

Ownwell’s Laurel Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Laurel with just two data points. By entering your property's estimated assessed value, our calculator applies Laurel’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Carbon County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Laurel, Carbon County, Montana

Local government entities determine property tax rates, which can differ significantly within a state. This is because each county annually estimates the budget required to provide services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the essence of the annual process.

In Laurel, located in Carbon County, the effective property tax rate stands at 0.60%. This rate is consistent with the highest and lowest median tax rates within the region, indicating a uniform approach to property taxation in this area. When compared to the national median property tax rate of 1.02% and the median property tax bill of $2400, Laurel's rate is notably lower. This comparison highlights the relative affordability of property taxes in Laurel, making it an attractive option for property owners looking to manage their tax expenses effectively.

Property Tax Rates Across Laurel, Carbon County, Montana

Source: Ownwell

0.54%

0.68%

0.82%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Laurel Tax Rate

0.64%

Median Effective Carbon County Tax Rate

0.60%

Median Effective Montana Tax Rate

0.78%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Laurel, Carbon County, Montana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
59044	0.58%	0.64%	0.64%	0.64%	0.67%

Source: Ownwell

Property Tax Assessment Values Across Laurel, Carbon County, Montana

When examining property taxes in Laurel, Montana, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Carbon County Department of Revenue estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: Carbon County sends assessment notices in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Laurel. For example, the median home price in Laurel is $345,670, with tax bills ranging significantly across the county. The 59044 zip code has the highest median home price at $345,670.

Property Tax Assessment Values Across Laurel, Carbon County, Montana

Source: Ownwell

$145,800

$278,827

$411,853

Median Laurel Market Value

$345,670

Median Carbon County Market Value

$301,000

Median Montana Market Value

$317,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Laurel, Carbon County, Montana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
59044	$184,039	$269,750	$345,670	$438,175	$524,490

Source: Ownwell

Property Tax Bills Across Laurel, Carbon County, Montana

In Laurel, located in Carbon County, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $345,670, the property tax bill for homeowners can vary significantly. For example, the tax bill at the 25th percentile is $1,628, while at the 75th percentile, it is $2,620, and at the 90th percentile, it reaches $3,299. Notably, the highest and lowest median tax bills in the area are both $2,059, indicating some consistency within the zip code 59044. These figures are slightly below the national median property tax rate of 1.02% and the median tax bill of $2,400, offering some relief to homeowners. However, property taxes can still be a burden. Ownwell provides valuable assistance by appealing property tax assessments and identifying potential exemptions. This service can lead to significant savings, ensuring that homeowners in Laurel pay only what is fair and necessary, potentially lowering their financial burden.

Property Tax Bills Across Laurel, Carbon County, Montana

Source: Ownwell

$915

$1,762

$2,609

Median Laurel Tax Bill

$2,153

Median Carbon County Tax Bill

$2,006

Median Montana Tax Bill

$2,559

Median United States Tax Bill

$2,400

Property Tax Bills Across Laurel, Carbon County, Montana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
59044	$854	$1,663	$2,153	$2,793	$3,522

Source: Ownwell