East Helena, Montana Property Taxes
The median property tax rate in East Helena, MT is 0.72%, which is significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $528,100 in East Helena, the typical annual property tax bill amounts to $3,769, surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding East Helena'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 East Helena or another part of the city, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
East Helena, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$3,802
Ownwell’s East Helena Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in East Helena with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in East Helena to estimate your property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, incorporating any applicable exemptions.
Property Tax Rates Across East Helena, Montana
Property taxes in East Helena, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Helena is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within East Helena set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Helena 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 East Helena's effective property tax rate to other regions and the national median. For comparison, the 59635 zip code has both the highest and lowest median property tax rate of 0.72%. Understanding how these areas compare with East Helena provides valuable insights into the varying tax landscape across Broadwater County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Helena Tax Rate
0.72%
Average Broadwater County Tax Rate
0.74%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Helena, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59635 | 0.70% | 0.71% | 0.72% | 0.73% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across East Helena, Montana
In East Helena, 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 Broadwater County Assessor 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 East Helena, 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 East Helena helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in East Helena are both $3,769, occurring in the 59635 zip code.
Average East Helena Assessed Value
$528,100
Average Broadwater County Assessed Value
$343,900
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Helena, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59635 | $300,026 | $410,501 | $528,100 | $635,500 | $765,300 |
Source: Ownwell
Property Tax Bills Across East Helena, Montana
Property tax bills in East Helena, located in Broadwater County, MT, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is established by the county assessor. Factors such as property size, location, and improvements are considered in the assessment process. For example, with a median home price of $528,100, homeowners in East Helena can expect their property tax bills to vary. The tax bill at the 25th percentile is around $3,049, while at the 75th percentile, it reaches approximately $4,462. For those at the 90th percentile, the tax bill can be as high as $5,338. These property taxes fund essential public services, including schools, emergency services, and infrastructure maintenance. While the national median property tax rate stands at 0.99%, the actual amount homeowners pay in East Helena can significantly impact their annual budgets, highlighting the importance of understanding local tax obligations.
Average East Helena Tax Bill
$3,769
Average Broadwater County Tax Bill
$2,664
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across East Helena, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59635 | $2,221 | $3,049 | $3,769 | $4,462 | $5,338 |
Source: Ownwell