Vaughn, Montana Property Taxes
The median property tax rate in Vaughn, MT is 0.88%, slightly lower than the national median of 0.99% but higher than the Montana state median of 0.83%. With the median home value in Vaughn at $194,529, the typical annual property tax bill reaches $1,777, which is below the national median of $2,690. Property taxes in Vaughn are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Vaughn'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 Vaughn or another part of Cascade County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Vaughn, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,712
$1,589
Ownwell’s Vaughn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vaughn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vaughn 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 Vaughn, Montana
Property taxes in Vaughn, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vaughn is 0.88%, slightly lower than the U.S. national median of 0.99%. Local government entities within Vaughn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vaughn 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 Vaughn's effective property tax rate to other counties in Montana and the national median. For comparison, the 59487 zip code has the highest median property tax rate of 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Vaughn 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 Vaughn Tax Rate
0.88%
Average Cascade County Tax Rate
1.00%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vaughn, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59487 | 0.70% | 0.83% | 0.88% | 0.94% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Vaughn, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Vaughn, 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 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. 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. Vaughn's median home price is $194,529, with property tax bills ranging from $550 at the 25th percentile to $3,968 at the 90th percentile. The highest and lowest median tax bills are both $1,777 in zip code 59487. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Vaughn Assessed Value
$194,529
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 Vaughn, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59487 | $18,335 | $63,147 | $194,529 | $295,854 | $419,930 |
Source: Ownwell
Property Tax Bills Across Vaughn, Montana
In Vaughn, located in Cascade County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Vaughn is $194,529. Tax rates are applied to this assessed value to calculate the annual tax bill. Various factors influence these rates, including local government budgets and the needs of public services like schools and infrastructure. Homeowners in Vaughn can expect to pay a tax bill that ranges widely. For example, the 25th percentile tax bill is around $550, while those in the 75th percentile pay approximately $2,809. The 90th percentile tax bill can reach up to $3,968. These figures illustrate the variability in property taxes based on home values and assessment practices. Compared to the national median property tax rate of 0.99%, Vaughn's property tax bills reflect the region's specific economic and governmental factors. This variability can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Vaughn Tax Bill
$1,777
Average Cascade County Tax Bill
$2,346
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Vaughn, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59487 | $192 | $550 | $1,777 | $2,809 | $3,968 |
Source: Ownwell