Springdale, Montana Property Taxes
The median property tax rate in Springdale, MT is 0.55%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $342,000 in Springdale, the typical annual property tax bill amounts to $1,781, which is well below the national median of $2,690. Property taxes in Springdale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Springdale'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 Springdale or another part of Park County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Springdale, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,881
Ownwell’s Springdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Springdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Springdale 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 Springdale, Montana
Property taxes in Springdale, Montana, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Springdale is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Springdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Springdale 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 Springdale's effective property tax rate to other counties in Montana and the national median. For comparison, the 59082 zip code has the highest median property tax rate of 0.55%, while the same zip code also has the lowest median tax rate of 0.55%. Understanding how these areas compare with Springdale provides valuable insights into the varying tax landscape across Park County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Springdale Tax Rate
0.55%
Average Park County Tax Rate
0.58%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Springdale, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59082 | 0.49% | 0.53% | 0.55% | 0.60% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Springdale, Montana
In Springdale, 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 Park 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 Springdale, 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 Springdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 59082, with a value of $1781.
Average Springdale Assessed Value
$342,000
Average Park County Assessed Value
$424,710
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Springdale, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59082 | $65,706 | $224,335 | $342,000 | $445,600 | $542,620 |
Source: Ownwell
Property Tax Bills Across Springdale, Montana
In Springdale, Park County, MT, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual property tax bill. For example, with a median home price of $342,000, homeowners can expect varying tax bills depending on the assessed value and the specific tax rate applied. The 25th percentile tax bill stands at $1,296, while the 75th percentile reaches $2,444, and the 90th percentile can go up to $3,170. Factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions or deductions. The highest and lowest median tax bills in the area are both recorded at $1,781 in the 59082 zip code. Homeowners in Springdale may find their tax bills higher or lower than the national median property tax rate of 0.99%, depending on these variables. Understanding these factors helps homeowners anticipate their annual property tax obligations and budget accordingly.
Average Springdale Tax Bill
$1,781
Average Park County Tax Bill
$2,626
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Springdale, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59082 | $448 | $1,296 | $1,781 | $2,444 | $3,170 |
Source: Ownwell