Zurich, Montana Property Taxes
The median property tax rate in Zurich, MT is 0.93%, slightly below the national median of 0.99% but higher than the Montana state median of 0.83%. With a median home value in Zurich, the typical annual property tax bill amounts to $1,125, which is less than the national median of $2,690. Property taxes in Zurich are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Zurich'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 Zurich 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
Zurich, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$1,027
Ownwell’s Zurich Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Zurich with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Zurich 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 Zurich, Montana
Property taxes in Zurich, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Zurich is 0.93%, which is slightly below the U.S. national median of 0.99%. Local government entities within Zurich set these rates annually, and they can vary across different neighborhoods. Each year, Zurich 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 Zurich's effective property tax rate to other counties in Montana and the national median. For comparison, the 59547 zip code has both the highest and lowest median property tax rate of 0.93%. Understanding how these areas compare with Zurich provides valuable insights into the varying tax landscape across Blaine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Zurich Tax Rate
0.93%
Average Blaine County Tax Rate
1.39%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Zurich, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59547 | 0.92% | 0.93% | 0.93% | 1.00% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Zurich, Montana
In Zurich, 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 Blaine 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 Zurich, 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 Zurich helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Zurich, the highest and lowest median tax bills are both $1125, found in the 59547 zip code.
Average Zurich Assessed Value
$110,413
Average Blaine County Assessed Value
$134,724
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Zurich, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59547 | $4,290 | $17,496 | $110,413 | $221,778 | $348,466 |
Source: Ownwell
Property Tax Bills Across Zurich, Montana
In Zurich, Blaine County, MT, property tax bills are calculated based on the assessed value of a home. The median home price in Zurich is $110,413. To determine the tax bill, local tax assessors evaluate the property's value and apply the relevant tax rate. Factors such as property size, location, and market conditions are considered in the assessment process. Homeowners in Zurich experience a range of property tax bills, with the 25th percentile paying around $169 and the 75th percentile paying up to $2,370. For those in the 90th percentile, the tax bill can be as high as $3,431. Comparatively, the highest and lowest median tax bills in the area are both $1,125, indicating a consistent tax rate across different properties. This variability in tax bills can significantly impact homeowners, influencing their overall financial planning and housing affordability. Understanding how these factors interplay helps homeowners better anticipate their annual property tax obligations.
Average Zurich Tax Bill
$1,125
Average Blaine County Tax Bill
$1,761
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Zurich, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59547 | $39 | $169 | $1,125 | $2,370 | $3,431 |
Source: Ownwell