Ryegate, Montana Property Taxes
The median property tax rate in Ryegate, MT is 0.68%, 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 $226,080 in Ryegate, the typical annual property tax bill amounts to $1,527, falling below the national median of $2,690. Property taxes in Ryegate are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Ryegate'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 Ryegate or another part of Wheatland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ryegate, Montana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,660
Ownwell’s Ryegate Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ryegate with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ryegate 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 Ryegate, Montana
Property taxes in Ryegate, Montana, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Ryegate is 0.68%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Ryegate set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ryegate 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 Ryegate's effective property tax rate to other counties in Montana and the national median. For comparison, the 59074 zip code has both the highest and lowest median property tax rate of 0.68%. Understanding how these cities compare with Ryegate provides valuable insights into the varying tax landscape across Wheatland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ryegate Tax Rate
0.68%
Average Wheatland County Tax Rate
0.77%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ryegate, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59074 | 0.67% | 0.67% | 0.68% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Ryegate, Montana
In Ryegate, 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 Wheatland 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 Ryegate, 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 Ryegate helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Ryegate are both $1,527, found in the 59074 zip code.
Average Ryegate Assessed Value
$226,080
Average Wheatland County Assessed Value
$93,000
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ryegate, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59074 | $180,331 | $197,487 | $226,080 | $254,674 | $271,830 |
Source: Ownwell
Property Tax Bills Across Ryegate, Montana
In Ryegate, located in Wheatland 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 Ryegate is $226,080. Property taxes are determined by multiplying the assessed value by the local tax rate, which can vary depending on municipal budgets and school district funding requirements. For instance, homeowners at the 25th percentile can expect a tax bill of around $1,350, while those at the 75th percentile might see a bill closer to $1,703. The highest median tax bill in the area is $1,527, which aligns with the national median property tax rate of 0.99%. These property taxes fund essential community services such as public education, emergency services, and infrastructure maintenance. Homeowners in Ryegate need to budget for these taxes as part of their annual expenses, as they directly impact the affordability and overall cost of homeownership. Understanding how these taxes are calculated can help homeowners better plan their finances and potentially seek exemptions or appeals if they believe their assessed value is inaccurate.
Average Ryegate Tax Bill
$1,527
Average Wheatland County Tax Bill
$680
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Ryegate, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59074 | $1,244 | $1,350 | $1,527 | $1,703 | $1,809 |
Source: Ownwell