Valier, Montana Property Taxes
The median property tax rate in Valier, MT is 0.98%, slightly lower than the national median of 0.99% but higher than Montana's state median of 0.83%. With the median home value in Valier at $160,260, the typical annual property tax bill is around $1,517, which is below the national median of $2,690. Property taxes in Valier are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Valier'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 Valier 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
Valier, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,571
Ownwell’s Valier Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Valier with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valier 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 Valier, Montana
Property taxes in Valier, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valier is 0.98%, slightly lower than the U.S. national median of 0.99%. Local government entities within Valier set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valier 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 Valier's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59486 has both the highest and lowest median property tax rate of 0.98%. Understanding how these cities compare with Valier provides valuable insights into the varying tax landscape across Pondera County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Valier Tax Rate
0.98%
Average Pondera County Tax Rate
0.98%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valier, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59486 | 0.89% | 0.93% | 0.98% | 0.98% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Valier, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Valier, 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 Pondera 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 Valier, 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 Valier helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 59486, with a median tax bill of $1,517.
Average Valier Assessed Value
$160,260
Average Pondera County Assessed Value
$169,000
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Valier, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59486 | $30,490 | $74,692 | $160,260 | $264,826 | $369,757 |
Source: Ownwell
Property Tax Bills Across Valier, Montana
In Valier, located in Pondera County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value of the property. Homeowners in Valier typically see a range of property tax bills, reflecting both the value of their property and the local tax rate. For instance, the 25th percentile tax bill stands at $662, while the 75th percentile tax bill reaches $2,560. The highest median tax bill recorded in the area is $1,517, which is notably lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property improvements, changes in market conditions, and local government budgets. These taxes fund essential public services such as education, infrastructure, and emergency services. For homeowners, understanding how these elements contribute to their tax bill can help in financial planning and ensuring they are not overpaying on their property taxes.
Average Valier Tax Bill
$1,517
Average Pondera County Tax Bill
$1,660
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Valier, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59486 | $258 | $662 | $1,517 | $2,560 | $3,457 |
Source: Ownwell