Vandalia, Montana Property Taxes
The median property tax rate in Vandalia, MT is 0.76%, lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Vandalia, the typical annual property tax bill reaches $1,077, which is below the national median of $2,690. Property taxes in Vandalia are calculated based on the tax assessed value, often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Vandalia'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 Vandalia or another part of Valley County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Vandalia, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$540
Ownwell’s Vandalia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vandalia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vandalia 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 Vandalia, Montana
Property taxes in Vandalia, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vandalia is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Vandalia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vandalia 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 Vandalia's effective property tax rate to other counties in Montana and the national median. For comparison, the 59273 zip code has both the highest and lowest median property tax rate of 0.76%. Understanding how these cities compare with Vandalia provides valuable insights into the varying tax landscape across Valley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Vandalia Tax Rate
0.76%
Average Valley County Tax Rate
1.31%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vandalia, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59273 | 0.67% | 0.69% | 0.76% | 0.77% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Vandalia, Montana
In Vandalia, 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 Valley 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 Vandalia, 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 Vandalia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Vandalia is $1077 in zip code 59273, while the lowest is also $1077 in the same zip code.
Average Vandalia Assessed Value
$71,040
Average Valley County Assessed Value
$101,800
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Vandalia, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59273 | $9,710 | $44,847 | $71,040 | $199,554 | $363,653 |
Source: Ownwell
Property Tax Bills Across Vandalia, Montana
In Vandalia, Valley County, MT, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For example, a home with a median price of $71,040 will have its tax bill determined by the local tax rate applied to its assessed value. Several factors influence the final tax bill, including property location, improvements, and any applicable exemptions. Homeowners in Vandalia can expect significant variations in their tax bills, with the 25th percentile paying around $414, while those in the 75th percentile face bills up to $1,719. At the higher end, the 90th percentile sees tax bills reaching $2,921. These property taxes directly impact homeowners by contributing to local services and infrastructure, reflecting the community's investment in public amenities and resources.
Average Vandalia Tax Bill
$1,077
Average Valley County Tax Bill
$1,277
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Vandalia, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59273 | $342 | $414 | $1,077 | $1,719 | $2,921 |
Source: Ownwell