Custer, Montana Property Taxes
The median property tax rate in Custer, MT is 0.81%, slightly below both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Custer at $118,467, the typical annual property tax bill amounts to $1,070, which is lower than the national median of $2,690. Property taxes in Custer are calculated based on the assessed value, often less than the market value due to exemptions like the primary residence and agricultural exemptions. Navigating Custer's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Custer or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Custer, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$960
Ownwell’s Custer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Custer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Custer 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 Custer, Montana
Property taxes in Custer, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Custer is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Custer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Custer 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 Custer's effective property tax rate to other counties in Montana and the national median. For comparison, the 59024 zip code has the highest median property tax rate of 0.81%, while the lowest median tax rate is also 0.81%. Understanding how these cities compare with Custer provides valuable insights into the varying tax landscape across Yellowstone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Custer Tax Rate
0.81%
Average Yellowstone County Tax Rate
0.84%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Custer, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59024 | 0.62% | 0.74% | 0.81% | 0.91% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Custer, Montana
In Custer, 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 local 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 Custer, 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. The median home price in Custer is $118,467, with property tax bills ranging from $473 at the 25th percentile to $1,939 at the 90th percentile. The zip code 59024 has both the highest and lowest median tax bill, which is $1,070. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Custer Assessed Value
$118,467
Average Yellowstone County Assessed Value
$306,700
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Custer, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59024 | $10,232 | $43,190 | $118,467 | $185,350 | $261,960 |
Source: Ownwell
Property Tax Bills Across Custer, Montana
In Custer, Yellowstone County, MT, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is then multiplied by the local property tax rate to determine your annual tax bill. For context, the national median property tax rate is 0.99%. Homeowners in Custer experience a range of tax bills, with the 25th percentile paying around $473 and the 75th percentile paying approximately $1,535. The 90th percentile sees tax bills reaching up to $1,939. These figures illustrate the variability in property taxes, influenced by factors such as home value, property location, and any applicable exemptions or deductions. The highest and lowest median tax bills in the area are both recorded at $1,070 in the 59024 zip code. Understanding these factors can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Custer Tax Bill
$1,070
Average Yellowstone County Tax Bill
$2,559
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Custer, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59024 | $245 | $473 | $1,070 | $1,535 | $1,939 |
Source: Ownwell