Rosebud, Montana Property Taxes
The median property tax rate in Rosebud, MT is 0.68%, considerably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Rosebud, the typical annual property tax bill reaches $560, significantly less than the national median of $2,690. Property taxes in Rosebud 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 Rosebud'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 Rosebud 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
Rosebud, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$297
Ownwell’s Rosebud Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rosebud with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rosebud 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 Rosebud, Montana
Property taxes in Rosebud, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rosebud is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Rosebud set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rosebud 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 Rosebud's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59347 has both the highest and lowest median property tax rate of 0.68%. Understanding how these areas compare with Rosebud provides valuable insights into the varying tax landscape across the county, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rosebud Tax Rate
0.68%
Average Rosebud County Tax Rate
0.80%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rosebud, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59347 | 0.47% | 0.47% | 0.68% | 1.17% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Rosebud, Montana
In Rosebud, 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 Rosebud 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 Rosebud, 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 Rosebud helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Rosebud are both $560, found in zip code 59347.
Average Rosebud Assessed Value
$43,610
Average Rosebud County Assessed Value
$88,000
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rosebud, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59347 | $6,724 | $16,520 | $43,610 | $140,832 | $262,872 |
Source: Ownwell
Property Tax Bills Across Rosebud, Montana
Property tax bills in Rosebud, MT, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Rosebud face a median tax bill of $560, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence property tax bills, including property size, location, and any improvements made to the property. For instance, a home in the 25th percentile of tax bills pays around $225, while those in the 75th and 90th percentiles pay approximately $1,290 and $2,932, respectively. These variations are due to differences in property values and specific local tax levies. For homeowners, understanding these factors is crucial as they directly impact annual financial obligations. Lower property taxes in Rosebud can make homeownership more affordable compared to regions with higher tax rates, providing financial relief and potentially boosting the local real estate market.
Average Rosebud Tax Bill
$560
Average Rosebud County Tax Bill
$942
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Rosebud, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59347 | $70 | $225 | $560 | $1,290 | $2,932 |
Source: Ownwell