Clyde Park, Montana Property Taxes
The median property tax rate in Clyde Park, MT is 0.58%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Clyde Park at $364,472, the typical annual property tax bill reaches $2,208, which is below the national median of $2,690. Property taxes in Clyde Park are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Clyde Park'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 Clyde Park 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
Clyde Park, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$2,114
Ownwell’s Clyde Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clyde Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clyde Park 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 Clyde Park, Montana
Property taxes in Clyde Park, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clyde Park is 0.58%, significantly lower than the U.S. national median of 0.99%. Local government entities within Clyde Park set these rates annually, and they can vary across different neighborhoods. Each year, Clyde Park 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 Clyde Park's effective property tax rate to other regions in Montana and the national median. For comparison, the zip code 59018 has both the highest and lowest median property tax rate of 0.58%. Understanding how these areas compare with Clyde Park provides valuable insights into the varying tax landscape across Park County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clyde Park Tax Rate
0.58%
Average Park County Tax Rate
0.58%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clyde Park, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59018 | 0.51% | 0.55% | 0.58% | 0.63% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Clyde Park, Montana
In Clyde Park, 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 Park 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 Clyde Park, 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 Clyde Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Clyde Park is $364,472, with the highest median tax bill of $2,208 found in the 59018 zip code.
Average Clyde Park Assessed Value
$364,472
Average Park County Assessed Value
$424,710
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clyde Park, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59018 | $35,320 | $180,603 | $364,472 | $576,339 | $1,027,143 |
Source: Ownwell
Property Tax Bills Across Clyde Park, Montana
In Clyde Park, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate set by the county. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. Factors such as property size, location, and improvements can influence this assessed value. For homeowners in Clyde Park, property tax bills can vary significantly. The 25th percentile tax bill is around $1,173, while the 75th percentile sees bills up to $3,342. At the 90th percentile, tax bills can reach as high as $5,645. To put this in perspective, the national median property tax rate is 0.99%. These property taxes fund essential services such as public schools, infrastructure maintenance, and emergency services, directly affecting the quality of life in the community. Homeowners must budget for these taxes, as they can represent a substantial annual expense, especially for properties at the higher end of the market value spectrum.
Average Clyde Park Tax Bill
$2,208
Average Park County Tax Bill
$2,626
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Clyde Park, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59018 | $308 | $1,173 | $2,208 | $3,342 | $5,645 |
Source: Ownwell