Absarokee, Montana Property Taxes
The median property tax rate in Absarokee, MT is 0.64%, which is notably lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $288,050 in Absarokee, the typical annual property tax bill amounts to $2,324, falling below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as the primary residence and agricultural exemptions. Gaining a thorough understanding of Absarokee's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Absarokee or another part of Stillwater County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Absarokee, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,844
Ownwell’s Absarokee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Absarokee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Absarokee 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 Absarokee, Montana
Property taxes in Absarokee, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Absarokee is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Absarokee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Absarokee 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 Absarokee's effective property tax rate to other counties in Montana and the national median. For comparison, the 59001 zip code has the highest median property tax rate of 0.64%, while also having the lowest median tax rate of 0.64%. Understanding how these cities compare with Absarokee provides valuable insights into the varying tax landscape across Stillwater County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Absarokee Tax Rate
0.64%
Average Stillwater County Tax Rate
0.69%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Absarokee, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59001 | 0.56% | 0.58% | 0.64% | 0.88% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Absarokee, Montana
In Absarokee, 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 Stillwater 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 Absarokee, 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 Absarokee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 59001, both at $2,324, reflecting a uniform tax scenario across the area.
Average Absarokee Assessed Value
$288,050
Average Stillwater County Assessed Value
$299,005
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Absarokee, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59001 | $76,598 | $190,386 | $288,050 | $420,700 | $573,100 |
Source: Ownwell
Property Tax Bills Across Absarokee, Montana
In Absarokee, located in Stillwater County, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the property's market value, which in this region has a median home price of $288,050. The tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. For homeowners, this means that properties with higher market values or fewer exemptions will result in higher tax bills. In Absarokee, the tax bills range significantly, with the 25th percentile at $1,658 and the 75th percentile at $2,790. The 90th percentile tax bill reaches up to $3,644. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure, thereby directly affecting the quality of life for Absarokee residents.
Average Absarokee Tax Bill
$2,324
Average Stillwater County Tax Bill
$2,154
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Absarokee, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59001 | $1,028 | $1,658 | $2,324 | $2,790 | $3,644 |
Source: Ownwell