Fort Peck, Montana Property Taxes
The median property tax rate in Fort Peck, MT is 0.90%, 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 $280,500 in Fort Peck, the typical annual property tax bill reaches $2,578, which is below the national median of $2,690. Property taxes in Fort Peck are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Fort Peck'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 Fort Peck 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
Fort Peck, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$2,525
Ownwell’s FORT PECK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FORT PECK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FORT PECK 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 Fort Peck, Montana
Property taxes in Fort Peck, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Peck is 0.90%, which is lower than the U.S. national median of 0.99%. Local government entities within Fort Peck set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Peck 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 Fort Peck's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59223 has the highest median property tax rate of 0.90%, while the same zip code also has the lowest median tax rate of 0.90%. Understanding how these cities compare with Fort Peck provides valuable insights into the varying tax landscape across Valley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Peck Tax Rate
0.90%
Average Valley County Tax Rate
1.31%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Peck, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59223 | 0.78% | 0.86% | 0.90% | 0.95% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Fort Peck, Montana
In Fort Peck, 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 Valley 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 Fort Peck, 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 Fort Peck helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 59223, with a median tax bill of $2,578, which is the same for the lowest.
Average Fort Peck Assessed Value
$280,500
Average Valley County Assessed Value
$101,800
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Peck, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59223 | $170,168 | $213,800 | $280,500 | $382,000 | $493,600 |
Source: Ownwell
Property Tax Bills Across Fort Peck, Montana
In Fort Peck, Valley County, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Fort Peck is $280,500, which serves as a base for determining the tax bill. Local authorities assess the property's value and apply the relevant tax rate to calculate the annual tax obligation. Factors such as property improvements, market conditions, and local government budgets can influence the assessed value and, consequently, the tax bill. Homeowners in Fort Peck experience varying tax bills, with the 25th percentile paying around $2,028 and the 75th percentile facing up to $3,313. At the 90th percentile, tax bills can reach as high as $4,058. The highest and lowest median tax bills in the area are both $2,578, indicating a consistent tax rate across different properties. This system ensures that property taxes are proportionate to the value of the home, impacting homeowners by reflecting the local economic environment and property market.
Average Fort Peck Tax Bill
$2,578
Average Valley County Tax Bill
$1,277
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Peck, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59223 | $1,725 | $2,028 | $2,578 | $3,313 | $4,058 |
Source: Ownwell