Radersburg, Montana Property Taxes
The median property tax rate in Radersburg, MT is 0.77%, which is lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Radersburg at $218,625, the typical annual property tax bill amounts to $1,741, significantly below the national median of $2,690. Property taxes in Radersburg are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Radersburg'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 Radersburg or another part of Broadwater County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Radersburg, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$1,683
$1,562
Ownwell’s Radersburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Radersburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Radersburg 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 Radersburg, Montana
Property taxes in Radersburg, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Radersburg is 0.77%, lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Radersburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Radersburg 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 Radersburg's effective property tax rate to other counties in Montana and the national median. For comparison, the 59641 zip code has the highest median property tax rate of 0.77%, while the 59641 zip code also has the lowest median tax rate of 0.77%. Understanding how these cities compare with Radersburg provides valuable insights into the varying tax landscape across Broadwater County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Radersburg Tax Rate
0.77%
Average Broadwater County Tax Rate
0.74%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Radersburg, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59641 | 0.76% | 0.76% | 0.77% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Radersburg, Montana
In Radersburg, Montana, understanding the distinction between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Broadwater 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 Radersburg, 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. The highest median tax bill in Radersburg is $1,741 in the 59641 zip code, which is also the lowest median tax bill in the area. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Radersburg Assessed Value
$218,625
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 Radersburg, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59641 | $58,680 | $133,410 | $218,625 | $240,008 | $253,307 |
Source: Ownwell
Property Tax Bills Across Radersburg, Montana
In Radersburg, located in Broadwater County, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price here is $218,625. Property taxes are determined by multiplying the assessed value by the tax rate set by local authorities. For example, the tax bill at the 25th percentile is $1,511, while at the 75th percentile, it rises to $1,874. The 90th percentile sees tax bills around $1,982. Factors influencing the tax bill include the home's assessed value, which is based on market conditions, and any applicable exemptions or deductions. Homeowners in Radersburg face a median tax bill of $1,741, which is relatively moderate compared to the national median property tax rate of 0.99%. This means that local property taxes can significantly impact annual housing costs, making it essential for homeowners to understand how their bills are calculated and to explore potential exemptions to reduce their tax burden.
Average Radersburg Tax Bill
$1,741
Average Broadwater County Tax Bill
$2,664
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Radersburg, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59641 | $1,227 | $1,511 | $1,741 | $1,874 | $1,982 |
Source: Ownwell