Stockett, Montana Property Taxes
The median property tax rate in Stockett, MT is 1.02%, slightly higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Stockett at $178,800, the typical annual property tax bill reaches $1,826, which is below the national median of $2,690. Property taxes in Stockett are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Stockett'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 Stockett 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
Stockett, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$1,824
Ownwell’s Stockett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stockett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stockett 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 Stockett, Montana
Property taxes in Stockett, Montana, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Stockett is 0.83%, which is lower than both the Montana state median of 0.87% and the U.S. national median of 0.99%. Local government entities within Stockett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stockett 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 Stockett's effective property tax rate to other areas in Montana and the national median. For comparison, the 59480 zip code has the highest median property tax rate of 0.83%, while the 59480 zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Stockett 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 Stockett Tax Rate
1.02%
Average Cascade County Tax Rate
1.00%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stockett, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59480 | 0.95% | 0.98% | 1.02% | 1.11% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Stockett, Montana
In Stockett, 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 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. 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 Stockett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 59480 has the highest and lowest median tax bill at $1826.
Average Stockett Assessed Value
$178,800
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 Stockett, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59480 | $40,980 | $82,195 | $178,800 | $273,320 | $369,084 |
Source: Ownwell
Property Tax Bills Across Stockett, Montana
In Stockett, Cascade County, MT, property tax bills are calculated based on the assessed value of your home and the local tax rate. The process begins with the county assessor determining the market value of your property. Once the market value is established, the assessed value is calculated, typically as a percentage of the market value. For homeowners in Stockett, the property tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include property size, location, and any applicable exemptions or deductions. The median home price in Stockett is $178,800, which influences the tax calculations significantly. Homeowners in the 25th percentile can expect a tax bill around $992, while those in the 75th percentile may see bills as high as $2,801. For the top 10% of properties, tax bills can reach up to $3,685. These taxes contribute to local services and infrastructure, impacting the overall quality of life in the community.
Average Stockett Tax Bill
$1,826
Average Cascade County Tax Bill
$2,346
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Stockett, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59480 | $448 | $992 | $1,826 | $2,801 | $3,685 |
Source: Ownwell