Broadwater County, Montana Property Taxes
The median property tax rate in Broadwater County is 0.74%, 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 $343,900, the typical annual property tax bill in Broadwater County is $2,664, slightly below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often less than the actual market value due to exemptions such as those for primary residences and agricultural properties. Understanding the specific property tax system in Broadwater County, exploring available exemptions, and identifying opportunities for property tax reductions can lead to significant annual savings. Whether you reside in Townsend or another area of Broadwater County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Broadwater County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$2,545
$2,362
Ownwell’s Broadwater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Broadwater with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Broadwater 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 Broadwater County, Montana
Property taxes in Broadwater County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Broadwater County is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Broadwater County set these rates annually, and they can vary significantly between different areas within the county. Each year, Broadwater 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 Townsend has one of the higher property tax rates in Montana at 0.78%, while the city of Three Forks boasts one of the lowest at 0.66%. Analyzing how Broadwater County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Broadwater County Tax Rate
0.74%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Broadwater County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| East Helena | 0.70% | 0.71% | 0.72% | 0.73% | 0.78% |
| Radersburg | N/A | N/A | N/A | N/A | N/A |
| Three Forks | 0.66% | 0.66% | 0.66% | 0.66% | 0.73% |
| Toston | 0.68% | 0.71% | 0.76% | 0.82% | 0.97% |
| Townsend | 0.68% | 0.72% | 0.78% | 0.85% | 0.94% |
| White Sulphur Springs | N/A | N/A | N/A | N/A | N/A |
| Winston | 0.68% | 0.73% | 0.77% | 0.79% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Broadwater County, Montana
In Broadwater 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 Broadwater County 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 Broadwater 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. For instance, East Helena has the highest median tax bill at $3,769, while Winston has the lowest at $1,669. Being aware of these valuation processes in Broadwater County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Broadwater County, Montana
Source: Ownwell
$214,796
$371,448
$528,100
Average Broadwater County Assessed Value
$343,900
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Broadwater County, Montana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| East Helena | $300,026 | $410,501 | $528,100 | $635,500 | $765,300 |
| Radersburg | N/A | N/A | N/A | N/A | N/A |
| Three Forks | $321,738 | $469,675 | $512,100 | $584,450 | $688,728 |
| Toston | $15,733 | $71,520 | $218,356 | $393,287 | $553,721 |
| Townsend | $29,515 | $152,402 | $296,120 | $419,175 | $548,756 |
| White Sulphur Springs | N/A | N/A | N/A | N/A | N/A |
| Winston | $29,000 | $108,018 | $214,796 | $356,718 | $569,543 |
Source: Ownwell
Property Tax Bills Across Broadwater County, Montana
In Broadwater County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Several factors influence the tax bill, including the property's location, size, and any improvements made. For instance, the median home price in Broadwater County is $343,900. Homeowners in the 25th percentile can expect a tax bill around $1,522, while those in the 75th percentile might see a bill closer to $3,504. The tax burden can be significantly higher for properties in certain areas, with East Helena having the highest median tax bill at $3,769. Conversely, Winston has the lowest median tax bill at $1,669. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly, ensuring they are not caught off guard by unexpected costs.
Average Broadwater County Tax Bill
$2,664
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Broadwater County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| East Helena | $2,221 | $3,049 | $3,769 | $4,462 | $5,338 |
| Radersburg | N/A | N/A | N/A | N/A | N/A |
| Three Forks | $2,155 | $3,077 | $3,417 | $3,887 | $4,598 |
| Toston | $267 | $778 | $1,840 | $3,176 | $4,435 |
| Townsend | $350 | $1,328 | $2,383 | $3,147 | $4,043 |
| White Sulphur Springs | N/A | N/A | N/A | N/A | N/A |
| Winston | $254 | $1,119 | $1,669 | $2,701 | $4,438 |
Source: Ownwell