Whitehall, Montana Property Taxes
The median property tax rate in Whitehall, 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 Whitehall, the typical annual property tax bill reaches $2,210, which is below the national median of $2,690. Property taxes in Whitehall 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 Whitehall'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 Whitehall 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
Whitehall, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$2,105
Ownwell’s Whitehall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitehall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitehall 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 Whitehall, Montana
Property taxes in Whitehall, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitehall is 0.51%, which is lower than the U.S. national median of 0.99%. Local government entities within Whitehall set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitehall 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 Whitehall's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59759 has both the highest and lowest median property tax rate of 0.51%, matching Whitehall's rate. Understanding how these cities compare with Whitehall provides valuable insights into the varying tax landscape across Madison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitehall Tax Rate
0.51%
Average Madison County Tax Rate
0.36%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitehall, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59759 | 0.46% | 0.48% | 0.51% | 0.66% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Whitehall, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Whitehall, MT. 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 local 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 in Whitehall 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 59759, with a median tax bill of $2,210.
Property Tax Assessment Values Across Whitehall, Montana
Source: Ownwell
$214,600
$5,792,065
$11,369,530
Average Whitehall Assessed Value
$412,737
Average Madison County Assessed Value
$483,557
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whitehall, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59759 | $124,032 | $300,266 | $412,737 | $582,861 | $856,485 |
Source: Ownwell
Property Tax Bills Across Whitehall, Montana
In Whitehall, Madison County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. The assessed value is a percentage of the market value of the property. Several factors influence this valuation, including the property's location, size, and condition. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Homeowners in Whitehall can expect a wide range of tax bills depending on their property's assessed value. For instance, the tax bill at the 25th percentile is $1,632, while at the 75th percentile, it rises to $3,256. At the 90th percentile, homeowners might pay as much as $4,320. The median tax bill in Whitehall is notably lower than the national median property tax rate of 0.99%, making it relatively affordable for homeowners. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Whitehall Tax Bill
$2,210
Average Madison County Tax Bill
$2,126
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitehall, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59759 | $841 | $1,632 | $2,210 | $3,256 | $4,320 |
Source: Ownwell