Trout Creek, Montana Property Taxes
The median property tax rate in Trout Creek, MT is 0.62%, considerably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Trout Creek at $330,368, the typical annual property tax bill reaches $2,080, which is below the national median of $2,690. Property taxes in Trout Creek are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Trout Creek'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 Trout Creek or another part of Sanders County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Trout Creek, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$2,048
Ownwell’s Trout Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trout Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trout Creek 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 Trout Creek, Montana
Property taxes in Trout Creek, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trout Creek is 0.62%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Trout Creek set these rates annually, and they can vary across different neighborhoods. Each year, Trout Creek 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 Trout Creek's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59874 has both the highest and lowest median property tax rate of 0.62%, matching Trout Creek's rate. Understanding how these areas compare with Trout Creek provides valuable insights into the varying tax landscape across Sanders County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Trout Creek Tax Rate
0.62%
Average Sanders County Tax Rate
0.66%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trout Creek, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59874 | 0.44% | 0.58% | 0.62% | 0.65% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Trout Creek, Montana
In Trout Creek, 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 Sanders 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 Trout Creek, 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 Trout Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 59874 has the highest and lowest median tax bill, both at $2080.
Average Trout Creek Assessed Value
$330,368
Average Sanders County Assessed Value
$243,800
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Trout Creek, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59874 | $51,760 | $220,754 | $330,368 | $465,300 | $598,630 |
Source: Ownwell
Property Tax Bills Across Trout Creek, Montana
In Trout Creek, located in Sanders County, MT, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and represents a percentage of the property's market value. The property tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the market value of the home, local tax rates, and any applicable exemptions or deductions. For instance, the median home price in Trout Creek is $330,368, which helps set a baseline for tax calculations. Homeowners in the 25th percentile can expect a tax bill around $1,404, while those in the 75th percentile might see bills closer to $2,870. At the 90th percentile, tax bills can reach up to $3,646. These property taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting the quality of life for homeowners in Trout Creek.
Average Trout Creek Tax Bill
$2,080
Average Sanders County Tax Bill
$1,839
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Trout Creek, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59874 | $589 | $1,404 | $2,080 | $2,870 | $3,646 |
Source: Ownwell