Roscoe, Carbon County, Montana Property Taxes
The median property tax rate in Roscoe, MT is 0.51%, considerably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Roscoe at $322,764, the typical annual property tax bill reaches $1,632, well below the national median of $2,690. Property taxes in Roscoe are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Roscoe'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 Roscoe 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
Roscoe, Carbon County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$1,646
$1,528
Ownwell’s Roscoe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roscoe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roscoe 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 Roscoe, Carbon County, Montana
Property taxes in Roscoe, Montana, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Roscoe is 0.51%, lower than the U.S. national median of 0.99%. Local government entities within Roscoe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roscoe 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 Roscoe's effective property tax rate to other counties in Montana and the national median. For comparison, the highest median property tax rate in Carbon County is also 0.51% in the zip code 59071, while the lowest median tax rate is the same at 0.51% in the same zip code. Understanding how these cities compare with Roscoe 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 Roscoe Tax Rate
0.51%
Average Carbon County Tax Rate
0.61%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roscoe, Carbon County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59071 | 0.51% | 0.51% | 0.51% | 0.51% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Roscoe, Carbon County, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Roscoe, Montana. 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. In Roscoe, 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 Roscoe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $1,632 in the 59071 zip code.
Property Tax Assessment Values Across Roscoe, Carbon County, Montana
Source: Ownwell
$140,200
$261,859
$383,518
Average Roscoe Assessed Value
$322,764
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 Roscoe, Carbon County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59071 | $165,736 | $218,289 | $322,764 | $485,000 | $730,217 |
Source: Ownwell
Property Tax Bills Across Roscoe, Carbon County, Montana
In Roscoe, Carbon County, MT, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is derived from the market value, which can fluctuate based on factors like property condition, location, and market trends. For instance, with a median home price of $322,764, homeowners can expect varying tax bills. The 25th percentile tax bill is $1,081, while the 75th percentile reaches $2,476, and the 90th percentile can go up to $3,695. These tax bills impact homeowners significantly, as they contribute to local services such as schools, infrastructure, and emergency services. In comparison, the national median property tax rate stands at 0.99%, making it crucial for homeowners to understand their local tax obligations. This understanding helps in financial planning and ensures that homeowners are prepared for their annual property tax commitments. By keeping an eye on assessed values and local tax rates, homeowners can better manage their expenses and avoid unexpected financial burdens.
Average Roscoe Tax Bill
$1,632
Average Carbon County Tax Bill
$2,004
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Roscoe, Carbon County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59071 | $791 | $1,081 | $1,632 | $2,476 | $3,695 |
Source: Ownwell