Decker, Montana Property Taxes
The median property tax rate in Decker, MT is 0.86%, slightly lower than the national median of 0.99% but higher than the Montana state median of 0.83%. With the median home value in Decker, the typical annual property tax bill reaches $1,224, which is below the national median of $2,690. Property taxes in Decker 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 Decker'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 Decker 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
Decker, 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 Decker Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Decker with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Decker 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 Decker, Montana
Property taxes in Decker, Montana, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Decker is 0.86%, which is below the U.S. national median of 0.99%. Local government entities within Decker set these rates annually, and they can vary significantly across different neighborhoods. Each year, Decker 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 Decker's effective property tax rate to other areas in Montana and the national median. For comparison, the zip code 59025 has both the highest and lowest median property tax rate of 0.86%. Understanding how these areas compare with Decker provides valuable insights into the varying tax landscape across Big Horn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Decker Tax Rate
0.86%
Average Big Horn County Tax Rate
1.09%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Decker, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59025 | 0.80% | 0.80% | 0.86% | 1.00% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Decker, Montana
In Decker, 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 Big Horn 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 Decker, 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 Decker helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 59025 has the highest and lowest median tax bill at $1,224.
Average Decker Assessed Value
$122,186
Average Big Horn County Assessed Value
$96,282
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Decker, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59025 | $30,288 | $52,840 | $122,186 | $226,677 | $313,398 |
Source: Ownwell
Property Tax Bills Across Decker, Montana
In Decker, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $122,186 in Decker, homeowners can expect a range of tax bills depending on various factors such as property location and exemptions. The 25th percentile tax bill is $562, while the 75th percentile tax bill is $1,975. At the higher end, the 90th percentile tax bill reaches $2,818. These tax bills are influenced by local levies for services like schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Decker's rates may vary but generally reflect the community's funding needs. For homeowners, understanding these calculations is crucial for financial planning and anticipating yearly expenses. The highest and lowest median tax bills in Big Horn County both stand at $1,224, indicating some consistency within the region.
Average Decker Tax Bill
$1,224
Average Big Horn County Tax Bill
$1,275
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Decker, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59025 | $345 | $562 | $1,224 | $1,975 | $2,818 |
Source: Ownwell