Sanders, Montana Property Taxes
The median property tax rate in Sanders, MT is 0.66%, notably lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value in Sanders, the typical annual property tax bill amounts to $1,285, falling below the national median of $2,690. Property taxes in Sanders 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 Sanders'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 Sanders 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
Sanders, 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 Sanders Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Sanders with just two key data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sanders to project your property tax bill. This valuable tool provides clarity on potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Sanders, Montana
Property taxes in Sanders, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sanders is 0.66%, lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Sanders set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sanders 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 Sanders' effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59076 has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these areas compare with Sanders provides valuable insights into the varying tax landscape across Treasure County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sanders Tax Rate
0.66%
Average Treasure County Tax Rate
0.88%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sanders, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59076 | 0.66% | 0.66% | 0.66% | 0.75% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Sanders, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sanders, Montana. 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 Treasure 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 Sanders, 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. For instance, the median home price in Sanders is $156,966, with tax bills ranging from $768 at the 25th percentile to $3,014 at the 90th percentile. Interestingly, the highest and lowest median tax bills are both $1,285, found in zip code 59076. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sanders Assessed Value
$156,966
Average Treasure County Assessed Value
$87,679
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sanders, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59076 | $91,849 | $115,926 | $156,966 | $280,638 | $371,673 |
Source: Ownwell
Property Tax Bills Across Sanders, Montana
Property tax bills in Sanders, located in Treasure County, Montana, 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 is typically a percentage of the property's market value. In Sanders, the median home price is $156,966, which serves as a baseline for calculating property taxes. Homeowners in Sanders can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $768, while the 75th percentile tax bill reaches up to $2,018. At the 90th percentile, homeowners might face a tax bill as high as $3,014. These variations are influenced by factors such as property size, location, and any applicable exemptions. Comparing these figures to the national median property tax rate of 0.99%, Sanders' property tax bills can be seen as moderate to high, depending on the specific property. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Sanders Tax Bill
$1,285
Average Treasure County Tax Bill
$921
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Sanders, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59076 | $627 | $768 | $1,285 | $2,018 | $3,014 |
Source: Ownwell