Whitewater, Montana Property Taxes
The median property tax rate in Whitewater, MT is 1.09%, considerably higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Whitewater, the typical annual property tax bill reaches $1,772, which is below the national median of $2,690. Property taxes in Whitewater are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Whitewater'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 Whitewater 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
Whitewater, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$961
Ownwell’s Whitewater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitewater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitewater 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 Whitewater, Montana
Property taxes in Whitewater, Montana, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitewater is 1.09%, which is higher than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Whitewater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitewater 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 Whitewater's effective property tax rate to other counties in Montana and the national median. For comparison, the 59544 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these areas compare with Whitewater provides valuable insights into the varying tax landscape across Phillips County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitewater Tax Rate
1.09%
Average Phillips County Tax Rate
1.28%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitewater, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59544 | 0.87% | 0.96% | 1.09% | 1.62% | 2.17% |
Source: Ownwell
Property Tax Assessment Values Across Whitewater, Montana
In Whitewater, 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 Phillips 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 Whitewater, 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 Whitewater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Whitewater are both $1,772, found in the zip code 59544, which is quite distinct compared to the national median property tax rate of 0.99%. The 25th percentile tax bill is $924, while the 75th percentile tax bill is $3,223, and the 90th percentile tax bill reaches $5,667.
Average Whitewater Assessed Value
$88,169
Average Phillips County Assessed Value
$105,606
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whitewater, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59544 | $13,901 | $45,081 | $88,169 | $253,118 | $444,124 |
Source: Ownwell
Property Tax Bills Across Whitewater, Montana
In Whitewater, Phillips County, MT, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value of the property, which is periodically evaluated to reflect current market conditions. Various factors such as property size, location, and improvements can influence this assessment. Homeowners in Whitewater experience a range of property tax bills. For instance, the 25th percentile tax bill is around $924, while those in the 75th percentile pay approximately $3,223. At the higher end, the 90th percentile tax bill reaches $5,667. When compared to the national median property tax rate of 0.99%, these figures illustrate significant variability depending on property characteristics and assessed values. The impact on homeowners can be substantial, influencing decisions about property investments and homeownership affordability. Accurate assessments and understanding local tax rates are crucial for homeowners to manage their financial responsibilities effectively.
Average Whitewater Tax Bill
$1,772
Average Phillips County Tax Bill
$1,408
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitewater, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59544 | $474 | $924 | $1,772 | $3,223 | $5,667 |
Source: Ownwell