Pendroy, Montana Property Taxes
The median property tax rate in Pendroy, MT is 0.61%, considerably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Pendroy at $294,872, the typical annual property tax bill reaches $1,791, well below the national median of $2,690. Property taxes in Pendroy are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pendroy'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 Pendroy or another part of Teton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pendroy, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$1,799
Ownwell’s Pendroy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pendroy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pendroy 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 Pendroy, Montana
Property taxes in Pendroy, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pendroy is 0.61%, lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Pendroy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pendroy 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 Pendroy's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59467 has the highest median property tax rate of 0.61%, while the same zip code also has the lowest median tax rate of 0.61%. Understanding how these areas compare with Pendroy 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 Pendroy Tax Rate
0.61%
Average Teton County Tax Rate
0.93%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pendroy, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59467 | 0.54% | 0.57% | 0.61% | 0.66% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Pendroy, Montana
In Pendroy, 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 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 Pendroy, 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 Pendroy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 59467 has the highest median tax bill at $1,791, which is significantly lower than the national median property tax rate of 0.99%.
Average Pendroy Assessed Value
$294,872
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 Pendroy, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59467 | $57,066 | $140,000 | $294,872 | $410,037 | $565,444 |
Source: Ownwell
Property Tax Bills Across Pendroy, Montana
In Pendroy, located in Teton County, MT, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. The median home price in Pendroy is $294,872, which provides a baseline for understanding property tax obligations. Factors such as property size, location, and any improvements made to the property also play a role in determining the assessed value. For homeowners in Pendroy, the property tax bill can vary significantly. The 25th percentile tax bill is approximately $950, while those in the 75th percentile pay around $2,544. At the higher end, the 90th percentile tax bill reaches $3,408. These figures indicate that property taxes can have a substantial impact on household finances, depending on the assessed value of the property. Compared to the national median property tax rate of 0.99%, the property tax rate in Pendroy is a crucial factor for homeowners to consider when budgeting for annual expenses.
Average Pendroy Tax Bill
$1,791
Average Teton County Tax Bill
$2,060
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Pendroy, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59467 | $508 | $950 | $1,791 | $2,544 | $3,408 |
Source: Ownwell