Rapelje, Montana Property Taxes
The median property tax rate in Rapelje, MT is 0.66%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $198,050 in Rapelje, the typical annual property tax bill amounts to $1,430, which is well below the national median of $2,690. Property taxes in Rapelje are calculated based on the assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Rapelje'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 Rapelje 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
Rapelje, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$1,307
Ownwell’s Rapelje Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rapelje with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rapelje 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 Rapelje, Montana
Property taxes in Rapelje, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rapelje is 0.66%, which is lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Rapelje set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rapelje 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 Rapelje's effective property tax rate to other counties in Montana and the national median. For comparison, the 59067 zip code has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these areas compare with Rapelje 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 Rapelje Tax Rate
0.66%
Average Stillwater County Tax Rate
0.69%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rapelje, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59067 | 0.56% | 0.60% | 0.66% | 0.73% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Rapelje, Montana
In Rapelje, 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 Rapelje, 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 Rapelje helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rapelje is $198,050, with the 25th percentile tax bill at $818 and the 75th percentile at $2,110. The highest and lowest median tax bill both stand at $1,430 in the 59067 zip code.
Average Rapelje Assessed Value
$198,050
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 Rapelje, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59067 | $17,775 | $75,575 | $198,050 | $299,078 | $446,904 |
Source: Ownwell
Property Tax Bills Across Rapelje, Montana
In Rapelje, located in Stillwater County, MT, property tax bills are calculated based on the assessed value of a property. The assessed value is typically a percentage of the property's market value, which in Rapelje has a median home price of $198,050. Local tax rates are then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property’s location, size, and any applicable exemptions. In Rapelje, the 25th percentile tax bill is $818, while the 75th percentile tax bill is $2,110, and the 90th percentile tax bill reaches up to $2,908. These figures illustrate the range of what homeowners might expect to pay, depending on their property's assessed value and any qualifying exemptions or deductions. For homeowners, understanding these factors is crucial, as property taxes can significantly impact annual expenses. Although the median tax bill in Rapelje is $1,430, which is higher than the national median property tax rate of 0.99%, it highlights the importance of accurate property assessments and potential savings through appeals or exemptions.
Average Rapelje Tax Bill
$1,430
Average Stillwater County Tax Bill
$2,154
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Rapelje, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59067 | $244 | $818 | $1,430 | $2,110 | $2,908 |
Source: Ownwell