Cascade, Cascade County, Montana Property Taxes
The median property tax rate in Cascade, MT is 0.72%, which is notably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Cascade at $243,650, the typical annual property tax bill amounts to $1,783, falling below the national median of $2,690. Property taxes in Cascade are calculated based on the tax assessed value, which often is less than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Cascade'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 Cascade or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cascade, Cascade County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,754
$1,628
Ownwell’s Cascade Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cascade with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cascade 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 Cascade, Cascade County, Montana
Property taxes in Cascade, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cascade is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Cascade set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cascade 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. Understanding how these cities compare with Cascade provides valuable insights into the varying tax landscape across Cascade County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cascade Tax Rate
0.72%
Average Cascade County Tax Rate
1.00%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cascade, Cascade County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59421 | 0.63% | 0.66% | 0.72% | 0.79% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Cascade, Cascade County, Montana
In Cascade, 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 Cascade 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 Cascade, 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 Cascade helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 59421 in Cascade has the highest median tax bill at $1,783, reflecting the broader trends in the area.
Property Tax Assessment Values Across Cascade, Cascade County, Montana
Source: Ownwell
$63,664
$188,882
$314,100
Average Cascade Assessed Value
$243,650
Average Cascade County Assessed Value
$238,100
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cascade, Cascade County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59421 | $59,105 | $138,927 | $243,650 | $409,951 | $641,800 |
Source: Ownwell
Property Tax Bills Across Cascade, Cascade County, Montana
In Cascade, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value of the property, determined by county assessors. For instance, a home with a median price of $243,650 will have its assessed value calculated, which is then multiplied by the local tax rate to determine the tax bill. Several factors influence this assessed value, including the property's size, location, and condition. Once the assessed value is established, homeowners can expect varying tax bills. In Cascade, the 25th percentile tax bill is around $1,045, while the 75th percentile reaches up to $2,845. For those in the 90th percentile, the tax bill can be as high as $4,221. These property taxes significantly impact homeowners, influencing their annual budgeting and long-term financial planning. While Cascade's property tax rate is competitive, it is essential for homeowners to stay informed about how these taxes are calculated and their potential fluctuations.
Average Cascade Tax Bill
$1,783
Average Cascade County Tax Bill
$2,346
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Cascade, Cascade County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59421 | $402 | $1,045 | $1,783 | $2,845 | $4,221 |
Source: Ownwell