Fort Shaw, Montana Property Taxes
The median property tax rate in Fort Shaw, MT is 0.98%, closely aligned with the national median of 0.99% but significantly higher than Montana's state median of 0.83%. With a median home value in Fort Shaw of $346,544, the typical annual property tax bill reaches $3,383, surpassing the national median of $2,690. Property taxes in Fort Shaw are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Fort Shaw'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 Fort Shaw or another part of Teton County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fort Shaw, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$3,396
Ownwell’s Fort Shaw Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fort Shaw with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Fort Shaw to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more granular data, additional neighborhood-level trends and insights are available below. Your property’s assessed value, determined by Teton County, is crucial for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Fort Shaw, Montana
Property taxes in Fort Shaw, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Shaw is 0.98%, just slightly lower than the U.S. national median of 0.99%. Local government entities within Fort Shaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Shaw 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 Fort Shaw's effective property tax rate to other counties in Montana and the national median. For comparison, the 59443 zip code has both the highest and lowest median property tax rate of 0.98%. Understanding how these cities compare with Fort Shaw provides valuable insights into the varying tax landscape across Teton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Shaw Tax Rate
0.98%
Average Teton County Tax Rate
0.93%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Shaw, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59443 | 0.76% | 0.94% | 0.98% | 1.05% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Fort Shaw, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fort Shaw, Montana. 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 Teton 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 Fort Shaw, 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. For instance, the median home price is $346,544, with tax bills ranging from $2,280 at the 25th percentile to $7,652 at the 90th percentile. The zip code 59443 has both the highest and lowest median tax bill at $3,383. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fort Shaw Assessed Value
$346,544
Average Teton County Assessed Value
$215,184
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Shaw, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59443 | $208,610 | $269,282 | $346,544 | $362,175 | $828,010 |
Source: Ownwell
Property Tax Bills Across Fort Shaw, Montana
In Fort Shaw, located in Teton County, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Fort Shaw is $346,544, and homeowners can expect their tax bills to vary significantly depending on their property's assessed value. For instance, tax bills at the 25th percentile are around $2,280, while those at the 75th percentile reach approximately $3,640. At the 90th percentile, tax bills can soar up to $7,652. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Fort Shaw's rates can be seen as relatively moderate, but individual bills can still vary widely. Homeowners should be aware of these factors, as property taxes directly impact their annual expenses and overall financial planning. Understanding how these elements interplay can help homeowners better anticipate and manage their property tax obligations.
Average Fort Shaw Tax Bill
$3,383
Average Teton County Tax Bill
$2,060
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Shaw, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59443 | $1,991 | $2,280 | $3,383 | $3,640 | $7,652 |
Source: Ownwell