Geyser, Montana Property Taxes
The median property tax rate in Geyser, MT is 0.51%, considerably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Geyser at $139,000, the typical annual property tax bill reaches $778, well below the national median of $2,690. Property taxes in Geyser 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 Geyser'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 Geyser or another part of Judith Basin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Geyser, 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 Geyser Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Geyser with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Geyser 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 Geyser, Montana
Property taxes in Geyser, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Geyser is 0.51%, significantly lower than both the Montana state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Geyser set these rates annually, and they can vary significantly across different neighborhoods. Each year, Geyser 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 Geyser's effective property tax rate to other counties in Montana and the national median. For comparison, the 59447 zip code has the highest median property tax rate of 0.51%, while the same zip code also has the lowest median tax rate of 0.51%. Understanding how these cities compare with Geyser provides valuable insights into the varying tax landscape across Judith Basin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Geyser Tax Rate
0.51%
Average Judith Basin County Tax Rate
0.56%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Geyser, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59447 | 0.46% | 0.47% | 0.51% | 0.53% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Geyser, Montana
In Geyser, 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 Judith Basin 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. For example, in Geyser, the 25th percentile tax bill is $366, while the 75th percentile tax bill is $1,482, and the 90th percentile tax bill reaches $2,275. The highest and lowest median tax bills are both $778, found in the 59447 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Geyser Assessed Value
$139,000
Average Judith Basin County Assessed Value
$105,348
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Geyser, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59447 | $15,864 | $61,690 | $139,000 | $261,086 | $411,150 |
Source: Ownwell
Property Tax Bills Across Geyser, Montana
Property tax bills in Geyser, Judith Basin County, MT, are calculated based on the assessed value of a property, which is determined by local government assessors. The assessed value is a percentage of the property's market value. Once the assessed value is established, a tax rate, also known as a mill rate, is applied. This rate is set by local taxing authorities and can vary annually based on budgetary needs. For example, the median home price in Geyser is $139,000. The tax bill for homeowners can range significantly, with the 25th percentile tax bill being $366 and the 75th percentile tax bill reaching $1,482. At the 90th percentile, homeowners might see a tax bill as high as $2,275. The highest median tax bill in the area is $778, which aligns with the county's overall median. These property taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners. Understanding how these bills are calculated can help homeowners anticipate their annual expenses and plan accordingly.
Average Geyser Tax Bill
$778
Average Judith Basin County Tax Bill
$694
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Geyser, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59447 | $182 | $366 | $778 | $1,482 | $2,275 |
Source: Ownwell