Raynesford, Montana Property Taxes
The median property tax rate in Raynesford, MT is 0.80%, which is lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $275,765 in Raynesford, the typical annual property tax bill is $2,210, falling below the national median of $2,690. Property taxes in Raynesford are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Raynesford'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 Raynesford 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
Raynesford, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$2,206
Ownwell’s Raynesford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Raynesford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Raynesford 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 Raynesford, Montana
Property taxes in Raynesford, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Raynesford is 0.80%, significantly lower than the U.S. national median of 0.99%. Local government entities within Raynesford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Raynesford 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 Raynesford's effective property tax rate to other counties in Montana and the national median. For comparison, the 59469 zip code has the highest median property tax rate of 0.80%, while the same 59469 zip code also has the lowest median tax rate of 0.80%. Understanding how these cities compare with Raynesford provides valuable insights into the varying tax landscape across Cascade County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Raynesford Tax Rate
0.80%
Average Cascade County Tax Rate
1.00%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Raynesford, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59469 | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Raynesford, Montana
In Raynesford, 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 Cascade 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 Raynesford, 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 Raynesford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 59469, with a median tax bill of $2,210.
Average Raynesford Assessed Value
$275,765
Average Cascade County Assessed Value
$238,100
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Raynesford, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59469 | $275,765 | $275,765 | $275,765 | $275,765 | $275,765 |
Source: Ownwell
Property Tax Bills Across Raynesford, Montana
In Raynesford, a city in Cascade County, MT, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. For example, a median home price in Raynesford is $275,765. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. The tax rate itself is set by local government entities and can vary depending on budgetary needs for public services such as schools, infrastructure, and emergency services. For homeowners in Raynesford, the median property tax bill is $2,210. This tax bill is significant as it directly impacts the cost of owning a home. Comparatively, the national median property tax rate is 0.99%, making Raynesford's property tax bill relatively high. Understanding these factors can help homeowners anticipate their expenses and manage their budgets more effectively.
Average Raynesford Tax Bill
$2,210
Average Cascade County Tax Bill
$2,346
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Raynesford, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59469 | $2,210 | $2,210 | $2,210 | $2,210 | $2,210 |
Source: Ownwell