Bigfork, Montana Property Taxes
The median property tax rate in Bigfork, MT is 0.66%, which is notably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Bigfork at $541,397, the typical annual property tax bill amounts to $3,718, surpassing the national median of $2,690. Property taxes in Bigfork 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 Bigfork'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 Bigfork 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
Bigfork, 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 Bigfork Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bigfork with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bigfork 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 Bigfork, Montana
Property taxes in Bigfork, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bigfork is 0.66%, lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Bigfork set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bigfork 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 Bigfork's effective property tax rate to other counties in Montana and the national median. For comparison, the 59911 zip code has the highest median property tax rate of 0.66%, while the 59911 zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Bigfork provides valuable insights into the varying tax landscape across Flathead, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bigfork Tax Rate
0.66%
Average Flathead County Tax Rate
0.75%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bigfork, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59911 | 0.62% | 0.62% | 0.66% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Bigfork, Montana
In Bigfork, 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 Flathead 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 Bigfork, 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. For instance, the median home price in Bigfork is $541,397, with tax bills ranging from $2,525 at the 25th percentile to $8,046 at the 90th percentile. The highest and lowest median tax bills are both $3,718, found in the 59911 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bigfork Assessed Value
$541,397
Average Flathead County Assessed Value
$447,500
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bigfork, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59911 | $104,630 | $374,018 | $541,397 | $796,450 | $1,215,860 |
Source: Ownwell
Property Tax Bills Across Bigfork, Montana
In Bigfork, located in Flathead County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the median home price, which stands at $541,397, play a crucial role in this calculation. For homeowners, the property tax burden can vary significantly, with the 25th percentile tax bill at $2,525 and the 75th percentile reaching $5,345, while the 90th percentile can go up to $8,046. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Compared to the national median property tax rate of 0.99%, Bigfork's rates reflect the unique economic landscape of the area. Homeowners should be aware of these factors as they significantly influence their annual financial obligations and the overall affordability of homeownership in Bigfork.
Average Bigfork Tax Bill
$3,718
Average Flathead County Tax Bill
$3,622
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Bigfork, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59911 | $815 | $2,525 | $3,718 | $5,345 | $8,046 |
Source: Ownwell