Ryegate, Montana Property Taxes
The median property tax rate in Ryegate, MT is 0.66%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Ryegate at $97,918, the typical annual property tax bill is $650, which is well below the national median of $2,690. Property taxes in Ryegate are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Navigating Ryegate's property tax system, exploring available exemptions, and finding opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Ryegate or another part of Golden Valley County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Ryegate, 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 Ryegate Property Tax Bill Calculator provides homeowners, real estate investors, or potential buyers with an easy way to estimate their annual property taxes in Ryegate using just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Ryegate to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities, ensuring you are well-prepared for any financial obligations. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Ryegate, Montana
Property taxes in Ryegate, Montana, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Ryegate is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Ryegate set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ryegate 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 Ryegate's effective property tax rate to other counties in Montana and the national median. For comparison, the 59074 zip code has both the highest and lowest median property tax rate of 0.66%. Understanding how these cities compare with Ryegate provides valuable insights into the varying tax landscape across Golden Valley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ryegate Tax Rate
0.66%
Average Golden Valley County Tax Rate
0.67%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ryegate, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59074 | 0.58% | 0.64% | 0.66% | 0.66% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Ryegate, Montana
In Ryegate, 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 Golden Valley 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 Ryegate, 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. The median home price in Ryegate is $97,918, with tax bills ranging from $253 at the 25th percentile to $1,831 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ryegate Assessed Value
$97,918
Average Golden Valley County Assessed Value
$102,182
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ryegate, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59074 | $10,389 | $35,380 | $97,918 | $171,225 | $266,279 |
Source: Ownwell
Property Tax Bills Across Ryegate, Montana
In Ryegate, located in Golden Valley County, MT, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The median home price in this area is $97,918. Homeowners' tax bills can vary significantly, with the 25th percentile tax bill being $253 and the 75th percentile reaching $1,167. For those at the higher end, the 90th percentile tax bill can be as high as $1,831. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. The assessed value is typically a percentage of the market value, which is then multiplied by the local tax rate to determine the amount owed. Compared to the national median property tax rate of 0.99%, Ryegate's property taxes can be relatively moderate, providing some financial relief to homeowners. However, the variability in tax bills means that individual experiences can differ, impacting household budgets and financial planning.
Average Ryegate Tax Bill
$650
Average Golden Valley County Tax Bill
$729
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Ryegate, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59074 | $74 | $253 | $650 | $1,167 | $1,831 |
Source: Ownwell