Carbon County Property Taxes
The median property tax rate in Carbon County is 0.61%, 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 $299,384, the typical annual property tax bill in Carbon County amounts to $2,004, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Carbon County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Red Lodge or another part of Carbon County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carbon County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$1,826
Ownwell’s Carbon County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Carbon County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Carbon County 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 Carbon County, Montana
Property taxes in Carbon County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Carbon County is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within Carbon County set these rates annually, and they can vary significantly between different areas within the county. Each year, Carbon 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. The following data compares Carbon County's effective property tax rate with other counties in Montana and the national median. For comparison, the city of Bearcreek has one of the higher property tax rates in Montana at 0.83%, while the city of Roscoe boasts one of the lowest at 0.51%. Analyzing how Carbon County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Carbon County Tax Rate
0.61%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carbon County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Absarokee | 0.51% | 0.51% | 0.52% | 0.57% | 0.64% |
| Bearcreek | 0.58% | 0.64% | 0.83% | 1.09% | 1.54% |
| Belfry | 0.49% | 0.50% | 0.51% | 0.53% | 0.60% |
| Billings | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Boyd | 0.54% | 0.54% | 0.59% | 0.60% | 0.61% |
| Bridger | 0.51% | 0.58% | 0.65% | 0.80% | 0.81% |
| Columbus | 0.54% | 0.55% | 0.57% | 0.62% | 0.68% |
| Edgar | 0.57% | 0.59% | 0.65% | 0.67% | 0.74% |
| Fromberg | 0.57% | 0.58% | 0.72% | 0.73% | 0.80% |
| Joliet | 0.54% | 0.54% | 0.57% | 0.65% | 0.65% |
| Laurel | 0.60% | 0.60% | 0.60% | 0.60% | 0.63% |
| Red Lodge | 0.57% | 0.58% | 0.69% | 0.75% | 0.81% |
| Roberts | 0.54% | 0.55% | 0.58% | 0.62% | 0.78% |
| Roscoe | 0.51% | 0.51% | 0.51% | 0.51% | 0.53% |
| Silesia | 0.55% | 0.58% | 0.63% | 0.85% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Carbon County, Montana
In Carbon 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 Carbon 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 Carbon 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, Red Lodge has the highest median tax bill in the county at $2,616, while Silesia has the lowest at $234. Being aware of these valuation processes in Carbon County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Carbon County Assessed Value
$299,384
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carbon County, Montana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Absarokee | $145,196 | $259,144 | $333,100 | $474,137 | $832,341 |
| Bearcreek | $27,042 | $44,681 | $153,700 | $246,650 | $332,700 |
| Belfry | $21,922 | $87,137 | $168,838 | $315,125 | $510,031 |
| Billings | $405,831 | $405,831 | $405,831 | $405,831 | $405,831 |
| Boyd | $34,224 | $164,300 | $320,747 | $464,594 | $642,558 |
| Bridger | $24,502 | $87,217 | $173,293 | $283,550 | $447,221 |
| Columbus | $50,495 | $64,952 | $269,022 | $659,597 | $1,009,766 |
| Edgar | $34,118 | $102,417 | $164,100 | $215,069 | $330,076 |
| Fromberg | $20,768 | $65,460 | $140,200 | $258,376 | $429,680 |
| Joliet | $32,109 | $135,350 | $249,874 | $416,860 | $589,313 |
| Laurel | $184,768 | $266,000 | $345,670 | $438,175 | $524,490 |
| Red Lodge | $136,725 | $261,425 | $383,518 | $536,875 | $753,860 |
| Roberts | $40,750 | $146,710 | $291,700 | $472,297 | $675,841 |
| Roscoe | $165,736 | $218,289 | $322,764 | $485,000 | $730,217 |
| Silesia | $14,668 | $17,304 | $21,696 | $266,564 | $413,484 |
Source: Ownwell
Property Tax Bills Across Carbon County, Montana
In Carbon County, MT, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor's office. The assessed value is a percentage of the market value of your property. Once the assessed value is established, the local tax rate is applied to calculate your annual property tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For example, the median home price in Carbon County is $299,384, with tax bills ranging from $1,087 at the 25th percentile to $4,010 at the 90th percentile. The highest median tax bill is found in Red Lodge at $2,616, while the lowest is in Silesia at $234. These taxes are crucial for funding local services such as schools, emergency services, and infrastructure. Homeowners should be aware of how these factors impact their tax bills, as they can significantly affect annual housing costs.
Average Carbon County Tax Bill
$2,004
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Carbon County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Absarokee | $825 | $1,463 | $1,770 | $2,706 | $4,208 |
| Bearcreek | $301 | $591 | $1,318 | $2,018 | $2,379 |
| Belfry | $161 | $465 | $876 | $1,700 | $2,567 |
| Billings | $2,384 | $2,384 | $2,384 | $2,384 | $2,384 |
| Boyd | $196 | $883 | $1,930 | $2,793 | $3,575 |
| Bridger | $221 | $613 | $1,275 | $1,897 | $2,744 |
| Columbus | $326 | $458 | $1,545 | $3,593 | $5,457 |
| Edgar | $224 | $487 | $1,043 | $1,364 | $2,068 |
| Fromberg | $191 | $501 | $988 | $1,709 | $2,610 |
| Joliet | $263 | $860 | $1,512 | $2,358 | $3,309 |
| Laurel | $1,112 | $1,628 | $2,059 | $2,620 | $3,299 |
| Red Lodge | $915 | $1,894 | $2,616 | $3,520 | $4,561 |
| Roberts | $446 | $1,026 | $1,724 | $2,747 | $3,979 |
| Roscoe | $791 | $1,081 | $1,632 | $2,476 | $3,695 |
| Silesia | $102 | $151 | $234 | $1,717 | $2,608 |
Source: Ownwell