Powderville, Montana Property Taxes
The median property tax rate in Powderville, MT is 0.65%, considerably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Powderville, the typical annual property tax bill reaches $966, significantly below the national median of $2,690. Property taxes in Powderville 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 Powderville'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 Powderville 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
Powderville, 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 Powderville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Powderville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Powderville 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 Powderville, Montana
Property taxes in Powderville, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Powderville is 0.65%, lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Powderville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Powderville 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 Powderville's effective property tax rate to other counties in Montana and the national median. For comparison, the 59345 zip code has the highest median property tax rate of 0.65%, while the 59345 zip code also has the lowest median tax rate of 0.65%. Understanding how these cities compare with Powderville provides valuable insights into the varying tax landscape across Powder River County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Powderville Tax Rate
0.65%
Average Powder River County Tax Rate
0.65%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Powderville, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59345 | 0.58% | 0.63% | 0.65% | 0.67% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Powderville, Montana
In Powderville, 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 local 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 Powderville, 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 Powderville 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 59345, at $966, while the same ZIP code also has the lowest median tax bill at $966.
Average Powderville Assessed Value
$149,075
Average Powder River County Assessed Value
$86,358
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Powderville, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59345 | $44,335 | $99,550 | $149,075 | $178,037 | $254,502 |
Source: Ownwell
Property Tax Bills Across Powderville, Montana
In Powderville, Powder River County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Powderville is $149,075, and property tax rates in this region can significantly impact homeowners. For example, homeowners in the 25th percentile can expect to pay around $661 annually, while those in the 75th percentile might see bills closer to $1,259. At the 90th percentile, tax bills can reach up to $1,507. The highest and lowest median tax bills in the area are both $966, indicating a relatively stable tax environment within the same zip code. Compared to the national median property tax rate of 0.99%, Powderville's rates reflect the local economic conditions and property values. Understanding these factors helps homeowners budget effectively and anticipate their annual financial obligations.
Average Powderville Tax Bill
$966
Average Powder River County Tax Bill
$666
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Powderville, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59345 | $552 | $661 | $966 | $1,259 | $1,507 |
Source: Ownwell