Condon, Montana Property Taxes
The median property tax rate in Condon, MT is 0.52%, significantly lower than both the national median of 0.99% and Montana's state median of 0.83%. With the median home value in Condon at $415,450, the typical annual property tax bill is $2,022, which is below the national median of $2,690. Property taxes in Condon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Condon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Condon 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
Condon, 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 Condon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Condon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Condon 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 Condon, Montana
Property taxes in Condon, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Condon is 0.52%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Condon set these rates annually, and they can vary across different neighborhoods. Each year, Condon 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 Condon's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59826 has both the highest and the lowest median property tax rate in the region, standing at 0.52%. Understanding how these areas compare with Condon 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 Condon Tax Rate
0.52%
Average Missoula County Tax Rate
0.91%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Condon, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59826 | 0.39% | 0.47% | 0.52% | 0.57% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Condon, Montana
In Condon, 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 Condon, 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 example, the median home price in Condon is $415,450, with tax bills ranging from $1,104 at the 25th percentile to $5,069 at the 90th percentile. 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 Condon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Condon Assessed Value
$415,450
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 Condon, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59826 | $117,921 | $241,005 | $415,450 | $608,635 | $914,500 |
Source: Ownwell
Property Tax Bills Across Condon, Montana
In Condon, Missoula County, MT, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the property's market value. For example, with a median home price of $415,450, the assessed value is used to compute the tax bill. Factors such as property size, location, and improvements can influence this assessed value. Homeowners in Condon can expect their tax bills to vary significantly. The 25th percentile tax bill is around $1,104, while at the 75th percentile, it jumps to $3,294. For those in the 90th percentile, tax bills can reach as high as $5,069. These figures illustrate the range of property tax obligations and highlight how higher-valued properties result in higher tax bills. Compared to the national median property tax rate of 0.99%, the property tax rates in Missoula County can have a substantial impact on homeowners, making it crucial to understand how these taxes are calculated and what factors may affect them.
Average Condon Tax Bill
$2,022
Average Missoula County Tax Bill
$3,741
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Condon, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59826 | $532 | $1,104 | $2,022 | $3,294 | $5,069 |
Source: Ownwell