Birney, Montana Property Taxes
The median property tax rate in Birney, MT is 0.50%, considerably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Birney, the typical annual property tax bill reaches $461, significantly less than the national median of $2,690. Property taxes in Birney 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 Birney'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 Birney 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
Birney, 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 Birney Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Birney with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Birney 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 Birney, Montana
Property taxes in Birney, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Birney is 0.50%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Birney set these rates annually, and they can vary significantly across different neighborhoods. Each year, Birney 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 Birney's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59012 has both the highest and lowest median property tax rate of 0.50%. Understanding how these areas compare with Birney provides valuable insights into the varying tax landscape across Rosebud County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Birney Tax Rate
0.50%
Average Rosebud County Tax Rate
0.80%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Birney, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59012 | 0.42% | 0.44% | 0.50% | 0.56% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Birney, Montana
In Birney, 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 Rosebud 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 Birney, 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 Birney helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Birney is $74,535, with tax bills ranging from $216 at the 25th percentile to $2,312 at the 90th percentile. The highest and lowest median tax bills, both at $461, are found in the 59012 zip code.
Average Birney Assessed Value
$74,535
Average Rosebud County Assessed Value
$88,000
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Birney, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59012 | $21,764 | $33,282 | $74,535 | $220,726 | $490,062 |
Source: Ownwell
Property Tax Bills Across Birney, Montana
In Birney, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Birney is $74,535. The local tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Birney, the property tax bills can vary significantly. At the 25th percentile, the tax bill is approximately $216, while at the 75th percentile, it reaches around $1,380. For those at the higher end, specifically the 90th percentile, the tax bill can be as high as $2,312. Several factors influence these tax bills, including the home's assessed value and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Birney's tax rates can have a substantial impact on homeowners' finances. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their budgets accordingly.
Average Birney Tax Bill
$461
Average Rosebud County Tax Bill
$942
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Birney, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59012 | $112 | $216 | $461 | $1,380 | $2,312 |
Source: Ownwell