Whitetail, Montana Property Taxes
The median property tax rate in Whitetail, MT is 0.95%, which is slightly below the national median of 0.99% but higher than the Montana state median of 0.83%. With the median home value in Whitetail at $37,300, the typical annual property tax bill reaches $374, significantly lower than the national median of $2,690. Property taxes in Whitetail are calculated based on the tax assessed value, which generally falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Whitetail's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Whitetail or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Whitetail, Montana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,660
Ownwell’s Whitetail Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitetail with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitetail 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 Whitetail, Montana
Property taxes in Whitetail, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitetail is 0.95%, slightly lower than the U.S. national median of 0.99%. Local government entities within Whitetail set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitetail 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 Whitetail's effective property tax rate to other counties in Montana and the national median. For comparison, the 59276 zip code has the same median property tax rate of 0.95%. Understanding how these cities compare with Whitetail provides valuable insights into the varying tax landscape across Daniels County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitetail Tax Rate
0.95%
Average Daniels County Tax Rate
1.24%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitetail, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59276 | 0.94% | 0.95% | 0.95% | 0.97% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Whitetail, Montana
In Whitetail, 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 Daniels 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 Whitetail, 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. The median home price in Whitetail is $37,300, with tax bills ranging from $25 at the 25th percentile to $1,556 at the 90th percentile. The highest and lowest median tax bills are both $374, found in the zip code 59276. By understanding 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 Whitetail helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Whitetail Assessed Value
$37,300
Average Daniels County Assessed Value
$84,200
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whitetail, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59276 | $2,027 | $2,679 | $37,300 | $78,737 | $151,987 |
Source: Ownwell
Property Tax Bills Across Whitetail, Montana
In Whitetail, 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. Homeowners in Whitetail can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is as low as $25, while the 75th percentile tax bill is $865. At the higher end, the 90th percentile tax bill reaches $1,556. Several factors influence these tax bills, including property characteristics, market conditions, and local tax rates. The median home price in Whitetail is $37,300, which is significantly lower than the national average. Consequently, even though the highest median tax bill in the area is $374, homeowners in Whitetail generally pay less in property taxes compared to other regions. This lower tax burden can make homeownership more affordable, but it also means fewer resources for local services funded by property taxes.
Average Whitetail Tax Bill
$374
Average Daniels County Tax Bill
$1,006
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitetail, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59276 | $19 | $25 | $374 | $865 | $1,556 |
Source: Ownwell