Silesia, Montana Property Taxes
The median property tax rate in Silesia, MT is 0.63%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Silesia, the typical annual property tax bill reaches $234, well below the national median of $2,690. Property taxes in Silesia 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 Silesia'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 Silesia 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
Silesia, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$137
Ownwell’s Silesia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Silesia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Silesia 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 Silesia, Montana
Property taxes in Silesia, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Silesia is 0.63%, which is lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Silesia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Silesia 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 Silesia's effective property tax rate to other counties in Montana and the national median. For comparison, the 59041 zip code has the highest median property tax rate of 0.63%, while the same 59041 zip code also has the lowest median tax rate of 0.63%. Understanding how these areas compare with Silesia provides valuable insights into the varying tax landscape across Carbon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Silesia Tax Rate
0.63%
Average Carbon County Tax Rate
0.61%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Silesia, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59041 | 0.55% | 0.58% | 0.63% | 0.85% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Silesia, Montana
In Silesia, 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 Carbon 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 Silesia, 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 Silesia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Carbon County, the highest median tax bill is $234.00 in zip code 59041.
Average Silesia Assessed Value
$21,696
Average Carbon County Assessed Value
$299,384
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Silesia, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59041 | $14,668 | $17,304 | $21,696 | $266,564 | $413,484 |
Source: Ownwell
Property Tax Bills Across Silesia, Montana
Property tax bills in Silesia, Carbon County, MT, are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions play a significant role in the assessed value. In Silesia, the median home price is $21,696, with tax bills varying widely. For instance, the 25th percentile tax bill is $151, while the 75th percentile reaches $1,717, and the 90th percentile hits $2,608. These variations highlight how different property characteristics and market values can significantly impact tax bills. Compared to the national median property tax rate of 0.99%, homeowners in Silesia might find their tax bills to be relatively lower, providing some financial relief. However, understanding these factors and how they contribute to the overall tax bill is crucial for homeowners aiming to manage their property taxes effectively.
Average Silesia Tax Bill
$234
Average Carbon County Tax Bill
$2,004
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Silesia, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59041 | $102 | $151 | $234 | $1,717 | $2,608 |
Source: Ownwell