Divide, Montana Property Taxes
The median property tax rate in Divide, MT is 0.58%, considerably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Divide, the typical annual property tax bill reaches $1,195, which is significantly below the national median of $2,690. Property taxes in Divide 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 Divide'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 Divide 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
Divide, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$967
Ownwell's Divide Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Divide with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Divide to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in trends at the neighborhood level, more localized information is available as you scroll down. Your property's assessed value is the value assigned by Beaverhead County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Divide, Montana
Property taxes in Divide, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Divide is 0.58%, significantly lower than the U.S. national median of 0.99%. Local government entities within Divide set these rates annually, and they can vary significantly across different neighborhoods. Each year, Divide 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 Divide's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59727 has both the highest and lowest median property tax rate of 0.58%. Understanding how these areas compare with Divide provides valuable insights into the varying tax landscape across Beaverhead County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Divide Tax Rate
0.58%
Average Beaverhead County Tax Rate
0.71%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Divide, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59727 | 0.48% | 0.56% | 0.58% | 0.59% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Divide, Montana
In Divide, 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 Beaverhead 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 Divide, 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 Divide helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 59727 has the highest and lowest median tax bill at $1,195.
Average Divide Assessed Value
$166,638
Average Beaverhead County Assessed Value
$266,900
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Divide, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59727 | $74,917 | $97,534 | $166,638 | $239,978 | $448,038 |
Source: Ownwell
Property Tax Bills Across Divide, Montana
In Divide, located in Beaverhead County, MT, property tax bills are determined through a process that starts with the property's assessed value. This value is derived from the market value of the home, which in Divide has a median price of $166,638. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location, improvements, and any applicable exemptions. For instance, in Divide, the tax bill varies significantly, with the 25th percentile paying around $547 annually, while the 75th percentile sees bills up to $1,409. The top 10% of homeowners face tax bills as high as $2,646. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark to understand how Divide's rates and bills stack up. These property taxes fund essential local services, impacting homeowners by contributing to community resources like schools, infrastructure, and emergency services.
Average Divide Tax Bill
$1,195
Average Beaverhead County Tax Bill
$2,175
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Divide, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59727 | $403 | $547 | $1,195 | $1,409 | $2,646 |
Source: Ownwell