Stryker, Montana Property Taxes
The median property tax rate in Stryker, MT is 0.58%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Stryker at $180,326, the typical annual property tax bill is $1,078, which is below the national median of $2,690. Property taxes in Stryker are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stryker'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 Stryker 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
Stryker, 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 Stryker Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stryker with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stryker 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 Stryker, Montana
Property taxes in Stryker, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stryker is 0.58%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Stryker set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stryker 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 Stryker's effective property tax rate to other counties in Montana and the national median. For comparison, the 59933 zip code has the highest median property tax rate of 0.58%, while also having the lowest median tax rate of 0.58%. Understanding how these cities compare with Stryker provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stryker Tax Rate
0.58%
Average Lincoln County Tax Rate
0.68%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stryker, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59933 | 0.58% | 0.58% | 0.58% | 0.58% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Stryker, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Stryker, 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 Lincoln 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 Stryker, 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. The median home price in Stryker is $180,326, with tax bills ranging from $615 at the 25th percentile to $3,162 at the 90th percentile. The zip code 59933 has both the highest and lowest median tax bill at $1,078. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stryker Assessed Value
$180,326
Average Lincoln County Assessed Value
$263,200
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stryker, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59933 | $45,220 | $104,665 | $180,326 | $281,796 | $538,416 |
Source: Ownwell
Property Tax Bills Across Stryker, Montana
In Stryker, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor in Lincoln County. The assessed value is a percentage of the property's market value, which in Stryker has a median home price of $180,326. The property tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Stryker can expect a wide range of tax bills, with the 25th percentile at $615 and the 75th percentile reaching $1,790. At the 90th percentile, tax bills can go up to $3,162. Compared to the national median property tax rate of 0.99%, Stryker's tax bills reflect the local economic conditions and property values. For homeowners, understanding these factors is crucial as they directly impact the affordability and financial planning associated with owning property in this region.
Average Stryker Tax Bill
$1,078
Average Lincoln County Tax Bill
$1,776
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Stryker, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59933 | $248 | $615 | $1,078 | $1,790 | $3,162 |
Source: Ownwell