Kinsey, Montana Property Taxes
The median property tax rate in Kinsey, MT is 0.88%, slightly lower than the national median of 0.99% but higher than the Montana state median of 0.83%. With the median home value in Kinsey at $202,675, the typical annual property tax bill is $2,012, which is below the national median of $2,690. Property taxes in Kinsey are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kinsey'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 Kinsey 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
Kinsey, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,784
Ownwell’s Kinsey Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Kinsey with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Kinsey to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Kinsey, Montana
Property taxes in Kinsey, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kinsey is 0.88%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Kinsey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kinsey 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 Kinsey's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59338 has both the highest and lowest median property tax rate of 0.88%. Understanding how these cities compare with Kinsey provides valuable insights into the varying tax landscape across Custer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kinsey Tax Rate
0.88%
Average Custer County Tax Rate
1.24%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kinsey, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59338 | 0.76% | 0.82% | 0.88% | 1.07% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Kinsey, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Kinsey, Montana. 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 Kinsey, 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 Kinsey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Kinsey is 59338, with a tax bill of $2,012, which is also the lowest median tax bill in the area.
Average Kinsey Assessed Value
$202,675
Average Custer County Assessed Value
$145,300
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kinsey, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59338 | $112,410 | $161,268 | $202,675 | $276,275 | $376,882 |
Source: Ownwell
Property Tax Bills Across Kinsey, Montana
In Kinsey, located in Custer County, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and then applies an assessment ratio to arrive at the taxable value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Homeowners in Kinsey experience a range of property tax bills. The 25th percentile tax bill is approximately $1,537, while the 75th percentile reaches up to $3,292. For those in the 90th percentile, tax bills can soar to around $6,219. Compared to the national median property tax rate of 0.99%, Kinsey's tax rates can vary considerably, impacting homeowners differently based on their property's assessed value. This variability means that while some homeowners may find their tax bills manageable, others might face a significant financial burden.
Average Kinsey Tax Bill
$2,012
Average Custer County Tax Bill
$1,810
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Kinsey, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59338 | $952 | $1,537 | $2,012 | $3,292 | $6,219 |
Source: Ownwell