Beaverhead County, Montana Property Taxes
The median property tax rate in Beaverhead County is 0.71%, which is lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $266,900 in Beaverhead County, the typical annual property tax bill amounts to $2,175, which is below the national median of $2,690. Property taxes in Beaverhead County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Beaverhead County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Dillon or another part of Beaverhead County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Beaverhead County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$1,895
$1,758
Ownwell’s Beaverhead Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beaverhead with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Beaverhead to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Beaverhead County, Montana
Property taxes in Beaverhead County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Beaverhead County is 0.71%, which is higher than the U.S. national median of 0.99%. Local government entities within Beaverhead County set these rates annually, and they can vary significantly between different areas within the county. Each year, Beaverhead County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Dillon has one of the higher property tax rates in the area at 0.77%, while the city of Polaris boasts one of the lowest at 0.56%. Analyzing how Beaverhead County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Beaverhead County Tax Rate
0.71%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beaverhead County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dell | 0.52% | 0.66% | 0.71% | 0.75% | 0.83% |
| Dillon | 0.64% | 0.66% | 0.77% | 0.91% | 0.96% |
| Divide | 0.48% | 0.56% | 0.58% | 0.59% | 0.63% |
| Glen | 0.61% | 0.64% | 0.70% | 0.75% | 0.82% |
| Jackson | 0.61% | 0.63% | 0.69% | 0.76% | 0.85% |
| Lima | 0.64% | 0.71% | 0.75% | 0.79% | 0.91% |
| Polaris | 0.54% | 0.55% | 0.56% | 0.58% | 0.62% |
| Wisdom | 0.59% | 0.63% | 0.68% | 0.75% | 0.86% |
| Wise River | 0.55% | 0.56% | 0.58% | 0.61% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Beaverhead County, Montana
In Beaverhead County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Beaverhead Appraisal District. The assessed value, however, 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. Assessment notices in Beaverhead County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Beaverhead County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Among the cities in Beaverhead County, Dillon has the highest median tax bill at $2,305, while Divide has the lowest at $1,195.
Property Tax Assessment Values Across Beaverhead County, Montana
Source: Ownwell
$166,638
$254,010
$341,382
Average Beaverhead County Assessed Value
$266,900
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beaverhead County, Montana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dell | $4,847 | $54,268 | $190,615 | $327,748 | $414,838 |
| Dillon | $11,790 | $164,600 | $273,700 | $389,400 | $534,400 |
| Divide | $74,917 | $97,534 | $166,638 | $239,978 | $448,038 |
| Glen | $11,605 | $111,993 | $277,848 | $501,069 | $801,334 |
| Jackson | $35,890 | $100,254 | $229,670 | $428,492 | $726,635 |
| Lima | $18,040 | $56,238 | $168,266 | $260,436 | $409,962 |
| Polaris | $132,280 | $203,446 | $341,382 | $494,910 | $688,947 |
| Wisdom | $55,464 | $116,681 | $235,681 | $402,919 | $630,920 |
| Wise River | $40,955 | $167,487 | $315,382 | $540,222 | $769,439 |
Source: Ownwell
Property Tax Bills Across Beaverhead County, Montana
In Beaverhead County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value, reflecting current real estate conditions. Various factors, such as property size, location, and improvements, influence this assessment. Once the assessed value is established, local tax rates are applied to calculate the final tax bill. Homeowners in Beaverhead County experience a range of property tax bills. For instance, the 25th percentile tax bill is $1,281, while the 75th percentile reaches $2,901. The highest median tax bill in the county is found in Dillon at $2,305, whereas Divide has the lowest median tax bill at $1,195. These figures illustrate the variability in tax obligations based on property values and local tax rates. Compared to the national median property tax rate of 0.99%, Beaverhead County's rates can significantly impact homeowners, influencing their financial planning and property investment decisions.
Average Beaverhead County Tax Bill
$2,175
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaverhead County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dell | $94 | $570 | $1,298 | $2,506 | $3,105 |
| Dillon | $514 | $1,519 | $2,305 | $2,934 | $3,868 |
| Divide | $403 | $547 | $1,195 | $1,409 | $2,646 |
| Glen | $265 | $1,387 | $1,995 | $3,595 | $5,137 |
| Jackson | $370 | $826 | $1,719 | $3,191 | $5,012 |
| Lima | $184 | $510 | $1,254 | $1,956 | $2,983 |
| Polaris | $767 | $1,209 | $1,896 | $2,737 | $3,885 |
| Wisdom | $467 | $913 | $1,650 | $2,861 | $4,145 |
| Wise River | $316 | $1,025 | $1,854 | $3,256 | $4,673 |
Source: Ownwell