Clinton, Montana Property Taxes
The median property tax rate in Clinton, MT is 0.70%, which is notably lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $311,429 in Clinton, the typical annual property tax bill amounts to $2,124, falling below the national median of $2,690. Property taxes in Clinton are calculated based on the tax assessed value, which often comes in lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of Clinton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of Clinton 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
Clinton, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$2,180
Ownwell’s Clinton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clinton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clinton 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 Clinton, Montana
Property taxes in Clinton, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clinton is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Clinton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clinton 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 Clinton's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59825 has both the highest and lowest median property tax rate of 0.70%. Understanding how these areas compare with Clinton provides valuable insights into the varying tax landscape across Missoula County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clinton Tax Rate
0.70%
Average Missoula County Tax Rate
0.91%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clinton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59825 | 0.41% | 0.62% | 0.70% | 0.78% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Clinton, Montana
In Clinton, 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 Missoula 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 Clinton, 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. The median home price in Clinton is $311,429, with annual tax bills ranging significantly. For instance, the 25th percentile tax bill is $726, while the 75th percentile tax bill is $3,125, and the 90th percentile tax bill reaches $3,867. The highest and lowest median tax bills are both in the zip code 59825, amounting to $2,124. By understanding 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 Clinton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clinton Assessed Value
$311,429
Average Missoula County Assessed Value
$411,800
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clinton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59825 | $12,830 | $95,800 | $311,429 | $446,509 | $538,710 |
Source: Ownwell
Property Tax Bills Across Clinton, Montana
In Clinton, located in Missoula County, MT, property tax bills are calculated using the property's assessed value and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $311,429, homeowners can expect varying tax bills depending on their property's specific assessed value and applicable exemptions. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. In Clinton, the tax bill ranges significantly, with the 25th percentile at $726 and the 75th percentile at $3,125. For the top 10% of homes, tax bills can reach up to $3,867. This variability impacts homeowners differently, with those in higher-valued properties facing more substantial tax obligations. Compared to the national median property tax rate of 0.99%, Clinton’s property tax landscape offers a broad spectrum of financial responsibilities for its residents.
Average Clinton Tax Bill
$2,124
Average Missoula County Tax Bill
$3,741
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Clinton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59825 | $66 | $726 | $2,124 | $3,125 | $3,867 |
Source: Ownwell