Bainville, Montana Property Taxes
The median property tax rate in Bainville, MT is 0.92%, slightly lower than the national median of 0.99% but higher than the Montana state median of 0.83%. With the median home value in Bainville at $111,150, the typical annual property tax bill is around $1,008, which is below the national median of $2,690. Property taxes in Bainville are calculated based on the assessed value, which typically falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Bainville'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 Bainville or another part of Roosevelt County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bainville, 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 Bainville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bainville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bainville 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 Bainville, Montana
Property taxes in Bainville, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bainville is 0.92%, slightly below the U.S. national median of 0.99%. Local government entities within Bainville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bainville 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 Bainville's effective property tax rate to other areas in Roosevelt County and the national median. For comparison, the zip code 59212 has the highest median property tax rate of 0.92%, while the same zip code also has the lowest median tax rate of 0.92%. Understanding how these areas compare with Bainville provides valuable insights into the varying tax landscape across Roosevelt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bainville Tax Rate
0.92%
Average Roosevelt County Tax Rate
0.97%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bainville, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59212 | 0.67% | 0.70% | 0.92% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Bainville, Montana
In Bainville, 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 Roosevelt 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 Bainville, 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 Bainville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bainville is $111,150, with annual tax bills ranging from $398 at the 25th percentile to $2,319 at the 90th percentile. The highest and lowest median tax bills are both $1,008, found in the 59212 zip code.
Average Bainville Assessed Value
$111,150
Average Roosevelt County Assessed Value
$76,200
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bainville, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59212 | $22,939 | $41,014 | $111,150 | $214,372 | $304,353 |
Source: Ownwell
Property Tax Bills Across Bainville, Montana
In Bainville, located in Roosevelt County, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. For example, a home with a median price of $111,150 would have its tax bill calculated using this assessed value. Local tax rates are applied to the assessed value to determine the final tax bill. These rates can vary, but they are generally influenced by factors such as local government budgets, school district funding, and public services. In Bainville, the property tax bills range significantly, with the 25th percentile at $398 and the 75th percentile at $1,622. The 90th percentile tax bill reaches up to $2,319, indicating a wide range of tax liabilities depending on property value and location within the county. For homeowners, understanding these factors is crucial as property taxes can impact annual expenses and overall affordability of owning a home. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for evaluating local tax burdens.
Average Bainville Tax Bill
$1,008
Average Roosevelt County Tax Bill
$882
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Bainville, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59212 | $226 | $398 | $1,008 | $1,622 | $2,319 |
Source: Ownwell