Whitlash, Montana Property Taxes
The median property tax rate in Whitlash, MT is 0.89%, slightly lower than the national median of 0.99% but higher than the Montana state median of 0.83%. With a median home value of $209,442 in Whitlash, the typical annual property tax bill is $2,495, which is below the national median of $2,690. Property taxes in Whitlash are calculated based on the assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Whitlash'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 Whitlash or another part of Toole County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Whitlash, 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 Whitlash Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitlash with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitlash 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 Whitlash, Montana
Property taxes in Whitlash, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitlash is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Whitlash set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitlash 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 Whitlash's effective property tax rate to other areas in Toole County and the national median. For comparison, the zip code 59545 has both the highest and lowest median property tax rate of 0.89%. Understanding how these areas compare with Whitlash provides valuable insights into the varying tax landscape across Toole County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitlash Tax Rate
0.89%
Average Toole County Tax Rate
1.23%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitlash, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59545 | 0.80% | 0.83% | 0.89% | 0.91% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Whitlash, Montana
In Whitlash, 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 Toole 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 Whitlash, 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 Whitlash helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 59545 has the highest and lowest median tax bill at $2,495.
Average Whitlash Assessed Value
$209,442
Average Toole County Assessed Value
$109,500
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whitlash, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59545 | $125,713 | $180,117 | $209,442 | $308,218 | $352,105 |
Source: Ownwell
Property Tax Bills Across Whitlash, Montana
In Whitlash, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements or renovations made to the property. Homeowners in Whitlash can expect a median home price of $209,442, with tax bills varying significantly. For example, the 25th percentile tax bill is around $1,566, while the 75th percentile tax bill can reach up to $3,082. At the 90th percentile, homeowners might see tax bills as high as $3,551. These variations can have a substantial impact on household budgets, especially when compared to the national median property tax rate of 0.99%. Homeowners in Whitlash, located in Toole County, must account for these expenses when managing their finances and planning for future costs.
Average Whitlash Tax Bill
$2,495
Average Toole County Tax Bill
$1,320
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitlash, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59545 | $1,095 | $1,566 | $2,495 | $3,082 | $3,551 |
Source: Ownwell