Acton, Montana Property Taxes
The median property tax rate in Acton, MT is 0.49%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Acton, the typical annual property tax bill is $92, well below the national median of $2,690. Property taxes in Acton 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 Acton'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 Acton 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
Acton, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$74
Ownwell’s Acton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Acton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Acton to provide an estimate of 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 Acton, Montana
Property taxes in Acton, Montana, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Acton is 0.49%, which is lower than the U.S. national median of 0.99%. Local government entities within Acton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Acton 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 Acton's effective property tax rate to other areas in Montana and the national median. For comparison, the zip code 59002 has the highest median property tax rate of 0.49%, while the same zip code also has the lowest median tax rate of 0.49%. Understanding how these areas compare with Acton provides valuable insights into the varying tax landscape across Yellowstone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Acton Tax Rate
0.49%
Average Yellowstone County Tax Rate
0.84%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Acton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59002 | 0.22% | 0.48% | 0.49% | 0.54% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Acton, Montana
In Acton, 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 Yellowstone 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 Acton, 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. The median home price in Acton is $151,200, with a tax bill of $60 at the 25th percentile and $1,813 at the 90th percentile. 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 Acton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Acton Assessed Value
$15,120
Average Yellowstone County Assessed Value
$306,700
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Acton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59002 | $5,204 | $6,190 | $15,120 | $42,170 | $253,418 |
Source: Ownwell
Property Tax Bills Across Acton, Montana
In Acton, Yellowstone County, MT, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the market value, reflecting current real estate trends. Homeowners in Acton face a median home price of $15,120, and property tax rates are applied to this assessed value to calculate the tax bill. Factors influencing the tax bill include property size, location, and any improvements made. For example, the 25th percentile tax bill in Acton is $60, while the 75th percentile reaches $581, and the 90th percentile can go up to $1,813. These variations highlight how different property characteristics and valuations can significantly impact the tax amount. Compared to the national median property tax rate of 0.99%, Acton's property tax rates are relatively modest. However, the impact on homeowners can still be substantial, especially for those with properties at the higher end of the valuation spectrum. Understanding these factors helps homeowners anticipate their tax obligations and plan accordingly.
Average Acton Tax Bill
$92
Average Yellowstone County Tax Bill
$2,559
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Acton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59002 | $29 | $60 | $92 | $581 | $1,813 |
Source: Ownwell