Fort Shaw, Montana Property Taxes
The median property tax rate in Fort Shaw, MT is 0.96%, slightly below the national median of 0.99% but higher than the Montana state median of 0.83%. With a median home value of $245,234 in Fort Shaw, the typical annual property tax bill amounts to $2,748, which is just under the national median of $2,690. Property taxes in Fort Shaw are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Fort Shaw'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 Fort Shaw 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
Fort Shaw, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$2,354
Ownwell’s Fort Shaw Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Shaw with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Shaw 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 Fort Shaw, Montana
Property taxes in Fort Shaw, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Shaw is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Fort Shaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Shaw 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 Fort Shaw's effective property tax rate to other counties in Montana and the national median. For comparison, the 59443 zip code has the highest median property tax rate of 0.96%, while the same zip code also has the lowest median tax rate of 0.96%. Understanding how these cities compare with Fort Shaw provides valuable insights into the varying tax landscape across Cascade County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Shaw Tax Rate
0.96%
Average Cascade County Tax Rate
1.00%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Shaw, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59443 | 0.86% | 0.90% | 0.96% | 1.23% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Fort Shaw, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fort Shaw, Montana. 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 Cascade 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 Fort Shaw, 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 Fort Shaw helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Fort Shaw are both $2,748, found in zip code 59443.
Average Fort Shaw Assessed Value
$245,234
Average Cascade County Assessed Value
$238,100
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Shaw, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59443 | $36,435 | $151,392 | $245,234 | $337,627 | $451,301 |
Source: Ownwell
Property Tax Bills Across Fort Shaw, Montana
In Fort Shaw, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. In Cascade County, the median home price is $245,234. Homeowners in Fort Shaw can expect a tax bill ranging from $1,688 at the 25th percentile to $4,049 at the 75th percentile, with the 90th percentile reaching up to $6,004. The highest and lowest median tax bills in the area are both $2,748, indicating a relatively uniform tax structure. These property taxes are crucial for funding local services like schools, public safety, and infrastructure. However, they can significantly impact homeowners' annual expenses. Compared to the national median property tax rate of 0.99%, the rates in Fort Shaw can vary, making it essential for homeowners to understand their specific tax obligations.
Average Fort Shaw Tax Bill
$2,748
Average Cascade County Tax Bill
$2,346
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Shaw, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59443 | $468 | $1,688 | $2,748 | $4,049 | $6,004 |
Source: Ownwell