White Sulphur Springs, Montana Property Taxes
The median property tax rate in White Sulphur Springs, MT is 0.73%, 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 $451,828 in White Sulphur Springs, the typical annual property tax bill amounts to $3,252, surpassing the national median of $2,690. Property taxes in White Sulphur Springs are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding the property tax system in White Sulphur Springs, exploring available exemptions, and identifying reduction opportunities can result in substantial annual savings. Whether you're in the heart of White Sulphur Springs or another part of Broadwater County, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
White Sulphur Springs, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$3,298
Ownwell’s White Sulphur Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in White Sulphur Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in White Sulphur Springs 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 White Sulphur Springs, Montana
Property taxes in White Sulphur Springs, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in White Sulphur Springs is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within White Sulphur Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Sulphur Springs 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 White Sulphur Springs' effective property tax rate to other areas in Montana and the national median. For comparison, the zip code 59645 has the highest and lowest median property tax rate of 0.73%. Understanding how these areas compare with White Sulphur Springs 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 White Sulphur Springs Tax Rate
0.73%
Average Broadwater County Tax Rate
0.74%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across White Sulphur Springs, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59645 | 0.69% | 0.69% | 0.73% | 0.76% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across White Sulphur Springs, Montana
In White Sulphur Springs, 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 White Sulphur Springs, 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 White Sulphur Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 59645 has the highest and lowest median tax bill, both at $3,252.
Property Tax Assessment Values Across White Sulphur Springs, Montana
Source: Ownwell
$214,796
$371,448
$528,100
Average White Sulphur Springs Assessed Value
$451,828
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 White Sulphur Springs, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59645 | $324,061 | $344,128 | $451,828 | $615,843 | $737,276 |
Source: Ownwell
Property Tax Bills Across White Sulphur Springs, Montana
In White Sulphur Springs, Broadwater County, MT, property tax bills are calculated based on the assessed value of a homeowner's property, which is determined by local government assessors. The median home price in the area is $451,828. The property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and market conditions are considered in the assessment process. Homeowners in White Sulphur Springs can expect their tax bills to vary significantly. For example, the tax bill at the 25th percentile is $2,613, while at the 75th percentile, it rises to $4,273. At the 90th percentile, homeowners may see tax bills as high as $5,074. These variations reflect differences in property values and applicable exemptions. Compared to the national median property tax rate of 0.99%, White Sulphur Springs' tax rates can have a substantial impact on homeowners' annual expenses, influencing their financial planning and property investment decisions.
Average White Sulphur Springs Tax Bill
$3,252
Average Broadwater County Tax Bill
$2,664
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across White Sulphur Springs, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59645 | $2,500 | $2,613 | $3,252 | $4,273 | $5,074 |
Source: Ownwell