Plevna, Montana Property Taxes
The median property tax rate in Plevna, MT is 0.37%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Plevna, the typical annual property tax bill is $575, well below the national median of $2,690. Property taxes in Plevna are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Plevna's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Plevna or another part of Carter County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Plevna, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$535
$496
Ownwell’s Plevna Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Plevna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plevna 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 Plevna, Montana
Property taxes in Plevna, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plevna is 0.37%, which is significantly lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Plevna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plevna 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 Plevna's effective property tax rate to other counties in Montana and the national median. For comparison, the highest median property tax rate in Montana is 1.05%, while the lowest median tax rate is 0.40%. Understanding how these cities compare with Plevna provides valuable insights into the varying tax landscape across Carter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Plevna Tax Rate
0.37%
Average Carter County Tax Rate
0.41%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plevna, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59344 | 0.36% | 0.36% | 0.37% | 0.39% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Plevna, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Plevna, 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 Carter 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 Plevna, 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 Plevna helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Plevna is $144,486, with tax bills ranging from $388 at the 25th percentile to $1,256 at the 90th percentile. The zip code 59344 has the highest median tax bill at $575.
Average Plevna Assessed Value
$144,486
Average Carter County Assessed Value
$74,600
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Plevna, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59344 | $48,681 | $93,157 | $144,486 | $232,476 | $342,941 |
Source: Ownwell
Property Tax Bills Across Plevna, Montana
In Plevna, located in Carter County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. Homeowners in Plevna face a median home price of $144,486, with tax bills varying significantly. For instance, the 25th percentile tax bill is $388, while the 75th percentile reaches $870, and the 90th percentile can be as high as $1,256. Compared to the national median property tax rate of 0.99%, Plevna's tax rates can result in relatively lower tax bills, making it more affordable for homeowners. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Plevna Tax Bill
$575
Average Carter County Tax Bill
$421
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Plevna, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59344 | $195 | $388 | $575 | $870 | $1,256 |
Source: Ownwell