Lame Deer, Montana Property Taxes
The median property tax rate in Lame Deer, MT is 0.40%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Lame Deer, the typical annual property tax bill is $105, well below the national median of $2,690. Property taxes in Lame Deer are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lame Deer's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Lame Deer 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
Lame Deer, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$48
Ownwell’s Lame Deer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lame Deer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lame Deer 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 Lame Deer, Montana
Property taxes in Lame Deer, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lame Deer is 0.40%, which is significantly lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Lame Deer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lame Deer 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 Lame Deer's effective property tax rate to other areas in Montana and the national median. For comparison, the zip code 59043 has both the highest and lowest median property tax rate of 0.40%. Understanding how these areas compare with Lame Deer 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 Lame Deer Tax Rate
0.40%
Average Rosebud County Tax Rate
0.80%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lame Deer, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59043 | 0.40% | 0.40% | 0.40% | 0.41% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Lame Deer, Montana
In Lame Deer, 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 Lame Deer, 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. The median home price in Lame Deer is $11,908, with tax bills ranging from $52 at the 25th percentile to $254 at the 90th percentile. The zip code 59043 has the highest and lowest median tax bill of $105. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lame Deer Assessed Value
$11,908
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 Lame Deer, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59043 | $3,566 | $5,782 | $11,908 | $30,212 | $48,254 |
Source: Ownwell
Property Tax Bills Across Lame Deer, Montana
Property tax bills in Lame Deer, located in Rosebud County, MT, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. For homeowners in Lame Deer, the median home price is $11,908, which is significantly lower than the national median. The tax bill is influenced by factors such as property size, location, and any applicable exemptions. In Lame Deer, property tax bills vary widely, with the 25th percentile tax bill at $52 and the 75th percentile at $170. The 90th percentile tax bill reaches up to $254. These figures are notably lower compared to the national median property tax rate of 0.99%. For homeowners, understanding these factors is crucial as they directly impact annual expenses. Lower property values and tax rates in Lame Deer mean that residents generally face a lighter tax burden, making homeownership more affordable compared to many other regions in the country.
Average Lame Deer Tax Bill
$105
Average Rosebud County Tax Bill
$942
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Lame Deer, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59043 | $45 | $52 | $105 | $170 | $254 |
Source: Ownwell