Turner, Montana Property Taxes
The median property tax rate in Turner, MT is 1.04%, slightly above the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Turner at $161,801, the typical annual property tax bill amounts to $1,710, which is lower than the national median of $2,690. Property taxes in Turner are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Turner’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 Turner or another part of Blaine County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Turner, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$1,683
$1,562
Ownwell’s Turner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Turner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Turner 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 Turner, Montana
Property taxes in Turner, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Turner is 1.04%, higher than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Turner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Turner 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 Turner's effective property tax rate to other regions in Montana and the national median. For comparison, the 59542 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these areas compare with Turner provides valuable insights into the varying tax landscape across Blaine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Turner Tax Rate
1.04%
Average Blaine County Tax Rate
1.39%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Turner, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59542 | 1.03% | 1.03% | 1.04% | 1.11% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Turner, Montana
In Turner, 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 Blaine 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 Turner, 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 Turner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Turner, found in zip code 59542, is $1710, while the lowest median tax bill is also $1710.
Average Turner Assessed Value
$161,801
Average Blaine County Assessed Value
$134,724
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Turner, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59542 | $15,605 | $57,103 | $161,801 | $304,750 | $489,232 |
Source: Ownwell
Property Tax Bills Across Turner, Montana
In Turner, Blaine County, MT, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $161,801, homeowners might see varying tax bills across different percentiles. At the 25th percentile, tax bills are around $609, while at the 75th percentile, they can reach up to $3,489. The 90th percentile sees even higher tax bills, approximately $5,600. These figures highlight the range of property tax burdens that homeowners in Turner might experience, depending largely on their home's assessed value and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, Turner’s tax rates can significantly impact household budgets, making it crucial for homeowners to understand how these factors influence their annual tax obligations.
Average Turner Tax Bill
$1,710
Average Blaine County Tax Bill
$1,761
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Turner, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59542 | $167 | $609 | $1,710 | $3,489 | $5,600 |
Source: Ownwell