Volborg, Montana Property Taxes
The median property tax rate in Volborg, MT is 0.77%, which is lower than both the national median of 0.99% and Montana's state median of 0.83%. With the median home value in Volborg, the typical annual property tax bill reaches $1,304, significantly below the national median of $2,690. Property taxes in Volborg 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 Volborg'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 Volborg 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
Volborg, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$1,144
Ownwell’s Volborg Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Volborg with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Volborg to provide an estimate of your property tax bill. This valuable tool helps you anticipate potential tax liabilities. For those interested in exploring trends at the neighborhood level, more localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Volborg, Montana
Property taxes in Volborg, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Volborg is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Volborg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Volborg 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 Volborg's effective property tax rate to other areas in Montana and the national median. For comparison, the 59351 zip code has both the highest and lowest median property tax rate of 0.77%. Understanding how these areas compare with Volborg provides valuable insights into the varying tax landscape across Custer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Volborg Tax Rate
0.77%
Average Custer County Tax Rate
1.24%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Volborg, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59351 | 0.70% | 0.73% | 0.77% | 0.86% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Volborg, Montana
In Volborg, 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 Custer 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 Volborg, 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 Volborg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Volborg's 59351 zip code, the median tax bill is $1,304, reflecting the highest and lowest median tax bills in the region.
Average Volborg Assessed Value
$148,563
Average Custer County Assessed Value
$145,300
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Volborg, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59351 | $31,265 | $63,972 | $148,563 | $288,006 | $356,122 |
Source: Ownwell
Property Tax Bills Across Volborg, Montana
In Volborg, located in Custer County, MT, property tax bills are calculated based on the assessed value of a home and the local property tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Volborg, the median home price is $148,563. Property tax bills can vary significantly, with the 25th percentile tax bill at $634 and the 75th percentile reaching $2,148. The 90th percentile tax bill goes up to $2,769. These variations depend on multiple factors, including property size, location, and any applicable exemptions or abatements that may reduce the taxable value. Compared to the national median property tax rate of 0.99%, Volborg's property taxes are relatively moderate, but they still represent a significant expense for homeowners. Understanding how these taxes are calculated can help homeowners budget effectively and explore potential savings through available exemptions.
Average Volborg Tax Bill
$1,304
Average Custer County Tax Bill
$1,810
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Volborg, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59351 | $382 | $634 | $1,304 | $2,148 | $2,769 |
Source: Ownwell