Grass Range, Montana Property Taxes
The median property tax rate in Grass Range, MT is 0.77%, which is lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Grass Range at $113,462, the typical annual property tax bill is around $906, significantly less than the national median of $2,690. Property taxes in Grass Range are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural use. Understanding Grass Range'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 Grass Range or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grass Range, Montana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,660
Ownwell’s Grass Range Property Tax Bill Calculator aids homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Grass Range with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Grass Range to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in trends at a neighborhood level, scroll down for more localized information. Your property’s assessed value is the value assigned by Fergus County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Grass Range, Montana
Property taxes in Grass Range, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grass Range is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Grass Range set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grass Range 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 Grass Range's effective property tax rate to other areas in Fergus County and the national median. For comparison, the zip code 59032 has the highest median property tax rate of 0.77%, while the same zip code also has the lowest median tax rate of 0.77%. Understanding how these areas compare with Grass Range provides valuable insights into the varying tax landscape across Fergus County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grass Range Tax Rate
0.77%
Average Fergus County Tax Rate
0.99%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grass Range, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59032 | 0.60% | 0.71% | 0.77% | 0.85% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Grass Range, Montana
In Grass Range, 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 Fergus 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 Grass Range, 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 Grass Range 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 59032, both at $906.
Average Grass Range Assessed Value
$113,462
Average Fergus County Assessed Value
$177,627
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grass Range, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59032 | $14,508 | $29,942 | $113,462 | $231,951 | $416,070 |
Source: Ownwell
Property Tax Bills Across Grass Range, Montana
In Grass Range, located in Fergus 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 and reflects a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Grass Range, the median home price is $113,462. Property tax bills can vary significantly, with the 25th percentile at $240 and the 75th percentile reaching $1,909. At the higher end, the 90th percentile tax bill is $3,155. These figures indicate a wide range of potential tax liabilities for homeowners, influenced by property values and local tax rates. Compared to the national median property tax rate of 0.99%, the property taxes in Grass Range can be considered moderate. Homeowners in this area should be aware of how their property's assessed value and local tax rates impact their annual tax obligations.
Average Grass Range Tax Bill
$906
Average Fergus County Tax Bill
$1,787
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Grass Range, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59032 | $128 | $240 | $906 | $1,909 | $3,155 |
Source: Ownwell