Roundup, Montana Property Taxes
The median property tax rate in Roundup, MT is 0.71%, considerably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Roundup at $108,000, the typical annual property tax bill reaches $828, significantly below the national median of $2,690. Property taxes in Roundup 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 Roundup'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 Roundup or another part of Musselshell County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roundup, 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 Roundup Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roundup with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roundup 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 Roundup, Montana
Property taxes in Roundup, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roundup is 0.71%, lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Roundup set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roundup 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 Roundup's effective property tax rate to other counties in Montana and the national median. For comparison, the 59072 zip code has both the highest and lowest median property tax rate of 0.71%. Understanding how these cities compare with Roundup provides valuable insights into the varying tax landscape across Musselshell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roundup Tax Rate
0.71%
Average Musselshell County Tax Rate
0.71%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roundup, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59072 | 0.50% | 0.60% | 0.71% | 0.83% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Roundup, Montana
In Roundup, 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 Musselshell 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 Roundup, 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 Roundup helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 59072 has the highest and lowest median tax bill at $828.
Average Roundup Assessed Value
$108,000
Average Musselshell County Assessed Value
$105,526
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roundup, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59072 | $10,454 | $48,246 | $108,000 | $183,834 | $268,566 |
Source: Ownwell
Property Tax Bills Across Roundup, Montana
In ROUNDUP, Musselshell County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. The tax bill is derived by applying the local tax rate to this assessed value. Factors such as property improvements, market conditions, and neighborhood characteristics can influence the assessed value. For instance, the median home price in ROUNDUP is $108,000, and property tax bills can vary significantly. Homeowners in the 25th percentile pay around $439, while those in the 75th percentile face bills up to $1,246. At the 90th percentile, tax bills can reach $1,717. The highest and lowest median tax bills in the area are both $828, indicating a relatively consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, ROUNDUP's tax bills reflect the local economic conditions and property values, thereby affecting homeowners' financial planning and housing affordability.
Average Roundup Tax Bill
$828
Average Musselshell County Tax Bill
$818
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Roundup, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59072 | $176 | $439 | $828 | $1,246 | $1,717 |
Source: Ownwell