Springdale, Montana Property Taxes
The median property tax rate in Springdale, MT is 0.56%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $544,300 in Springdale, the typical annual property tax bill is $2,764, just slightly above the national median of $2,690. Property taxes in Springdale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Springdale's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Springdale or another part of Sweet Grass County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Springdale, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$3,048
Ownwell’s Springdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Springdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Springdale 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 Springdale, Montana
Property taxes in Springdale, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Springdale is 0.56%, which is lower than the U.S. national median of 0.99%. Local government entities within Springdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Springdale 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 Springdale's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59082 in Sweet Grass County has both the highest and lowest median property tax rate of 0.56%. Understanding how these cities compare with Springdale provides valuable insights into the varying tax landscape across Sweet Grass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Springdale Tax Rate
0.56%
Average Sweet Grass County Tax Rate
0.62%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Springdale, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59082 | 0.49% | 0.52% | 0.56% | 0.66% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Springdale, Montana
In Springdale, 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 Sweet Grass 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 Springdale, 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 Springdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Springdale are both $2,764, found in the 59082 zip code.
Average Springdale Assessed Value
$544,300
Average Sweet Grass County Assessed Value
$300,700
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Springdale, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59082 | $401,243 | $454,890 | $544,300 | $618,654 | $663,266 |
Source: Ownwell
Property Tax Bills Across Springdale, Montana
In Springdale, Sweet Grass 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 a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Springdale, the median home price is $544,300. The tax bills can vary significantly, with the 25th percentile tax bill at $2,680 and the 75th percentile at $3,316. At the 90th percentile, homeowners can expect to pay around $3,647 annually. These figures illustrate how property taxes can impact homeowners differently based on the value of their property. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Springdale to understand how their assessed values and local tax rates contribute to their overall tax burden. This knowledge can help homeowners manage their finances and plan for future property tax obligations.
Average Springdale Tax Bill
$2,764
Average Sweet Grass County Tax Bill
$1,821
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Springdale, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59082 | $2,630 | $2,680 | $2,764 | $3,316 | $3,647 |
Source: Ownwell