Tax Comparison: Russell springs, KY vs Harlowton, MT
Understanding Your Tax Burden
This page compares the three main types of taxes between Russell springs, KY and Harlowton, MT: property tax, income tax, and sales tax. Each of these has a different impact on your overall cost of living.
Property Tax Comparison
Property taxes are collected by local governments and used to fund schools, infrastructure, and other local services. They're typically based on the assessed value of your property.
Our property tax estimates are based on:
- U.S. median home value: $419,200 (2023 data)
- Local effective tax rates for both cities
Russell springs, KY
$2,467
Based on a $419,200 home
Rate: 0.5884%
Harlowton, MT
$2,724
Based on a $419,200 home
Rate: 0.6497%
| Data | Russell springs, KY | Harlowton, MT |
|---|---|---|
| Effective Property Tax Rate | 0.5884% | 0.6497% |
| Estimated Property Tax | $2,467 | $2,724 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Russell springs, KY are $257 lower than in Harlowton, MT for the same home value.
State Income Tax Comparison
Income tax rates and brackets vary by state, impacting residents' overall tax burden. The estimates below are based on standard deductions and typical filing scenarios.
Our income tax estimates consider:
- Single filer: $100,000 annual income
- Married couple: $200,000 combined income
- Median income: $80,600 annual income
KY
4%
Single: $4,000
Married: $7,200
MT
4.7%-5.9%
Single: $5,640
Married: $10,152
| Data | KY | MT |
|---|---|---|
| Tax Rate | 4% | 4.7%-5.9% |
| Single Filer ($100k) | $4,000 | $5,640 |
| Married Couple ($200k) | $7,200 | $10,152 |
| Median Income ($80.6k) | $3,224 | $4,756 |
Comparison: Income taxes in KY are $1,532 lower than in MT for the median household income.
Sales Tax Comparison
Sales tax rates vary by location and can have a significant impact on your day-to-day expenses. These include state, county, city, and special district taxes that together form the total sales tax rate.
Our sales tax estimates consider:
- Average household taxable spending: $15,500 per year
- Combined state and local rates for both cities
Russell springs, KY
6.000%
Combined rate
Annual sales tax: $930
(Based on $15,500 spending)
Harlowton, MT
Data not available
| Data | Russell springs, KY | Harlowton, MT |
|---|---|---|
| State Sales Tax | 6.00% | Not available |
| Combined Sales Tax | 6.000% | Not available |
| Annual Tax Amount | $930 | Not available |
Tax Comparison Insights
Tax Insights: Russell springs vs Harlowton
- Property Tax: Russell springs has a 0.0613 percentage points lower effective property tax rate than Harlowton.
- Income Tax: Living in KY could save you approximately $1,532 in state income taxes for a median household income.
- Sales Tax: Complete comparison data is not available.
Overall Tax Burden Comparison
Complete tax data is not available to calculate the total tax burden comparison.
Important Tax Disclaimer
The tax information provided above is based on publicly available data and standard assumptions. Actual tax situations will vary based on:
- Individual financial circumstances
- Applicable deductions and credits
- Recent changes in tax laws
- Personal spending habits
- Local variations within cities and counties
This comparison is intended for general informational purposes only and should not be considered tax advice. For specific guidance regarding your tax situation, please consult with a qualified tax professional.