Bearcreek, Montana Property Taxes
The median property tax rate in Bearcreek, MT is 0.83%, aligning with the state median but lower than the national median of 0.99%. With a median home value of $153,700, the typical annual property tax bill in Bearcreek is $1,318, which is below the national median of $2,690. Property taxes in Bearcreek are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Bearcreek'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 Bearcreek or another part of Carbon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bearcreek, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,276
Ownwell’s Bearcreek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bearcreek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bearcreek 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 Bearcreek, Montana
Property taxes in Bearcreek, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bearcreek is 0.83%, which is lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Bearcreek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bearcreek 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 Bearcreek's effective property tax rate to other counties in Montana and the national median. For comparison, the 59007 zip code has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Bearcreek provides valuable insights into the varying tax landscape across Carbon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bearcreek Tax Rate
0.83%
Average Carbon County Tax Rate
0.61%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bearcreek, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59007 | 0.58% | 0.64% | 0.83% | 1.09% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Bearcreek, Montana
In Bearcreek, 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 Carbon 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. 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 Bearcreek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 59007 has the highest median tax bill at $1,318, which is also the lowest in the area.
Average Bearcreek Assessed Value
$153,700
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 Bearcreek, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59007 | $27,042 | $44,681 | $153,700 | $246,650 | $332,700 |
Source: Ownwell
Property Tax Bills Across Bearcreek, Montana
In Bearcreek, Carbon County, MT, property tax bills are determined based on the assessed value of a property, which is derived from its market value. The median home price in Bearcreek is $153,700. Property tax rates are applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax amount, including the property's location, its assessed value, and any applicable exemptions or deductions. Homeowners in Bearcreek can expect varied tax bills. For instance, the 25th percentile of tax bills is around $591, while those in the 75th percentile can see bills up to $2,018. The 90th percentile tax bill can reach $2,379. These figures indicate significant variability depending on property values and local tax rates. The highest and lowest median tax bills in Bearcreek are both $1,318, reflecting a uniformity in median taxation within the zip code 59007. Understanding these factors helps homeowners anticipate their property tax responsibilities and plan their finances accordingly.
Average Bearcreek Tax Bill
$1,318
Average Carbon County Tax Bill
$2,004
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Bearcreek, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59007 | $301 | $591 | $1,318 | $2,018 | $2,379 |
Source: Ownwell