Townsend, Montana Property Taxes
The median property tax rate in Townsend, MT is 0.78%, which is lower than both the national median of 0.99% and Montana's state median of 0.83%. With a median home value of $296,120 in Townsend, the typical annual property tax bill amounts to $2,383, falling below the national median of $2,690. Property taxes in Townsend are calculated based on the assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Townsend'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 Townsend 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
Townsend, 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 Townsend Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Townsend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Townsend 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 Townsend, Montana
Property taxes in Townsend, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Townsend is 0.78%, lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Townsend set these rates annually, and they can vary significantly across different neighborhoods. Each year, Townsend 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 Townsend's effective property tax rate to other areas in Montana and the national median. For comparison, the 59644 zip code has both the highest and lowest median property tax rate of 0.78%. Understanding how these areas compare with Townsend 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 Townsend Tax Rate
0.78%
Average Broadwater County Tax Rate
0.74%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Townsend, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59644 | 0.68% | 0.72% | 0.78% | 0.85% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Townsend, Montana
In Townsend, 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 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 Townsend, 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 Townsend helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Townsend are both $2,383 in the 59644 zip code.
Average Townsend Assessed Value
$296,120
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 Townsend, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59644 | $29,515 | $152,402 | $296,120 | $419,175 | $548,756 |
Source: Ownwell
Property Tax Bills Across Townsend, Montana
In Townsend, located in Broadwater County, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. For example, with a median home price of $296,120, homeowners can expect their property taxes to vary significantly. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. In Townsend, property tax bills range widely, with the 25th percentile at $1,328 and the 75th percentile at $3,147. At the higher end, the 90th percentile tax bill reaches $4,043. These property taxes fund essential local services like schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Townsend's rates can be seen as moderate, offering a balance between affordable living and quality public services for homeowners.
Average Townsend Tax Bill
$2,383
Average Broadwater County Tax Bill
$2,664
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Townsend, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59644 | $350 | $1,328 | $2,383 | $3,147 | $4,043 |
Source: Ownwell