Carter, Montana Property Taxes
The median property tax rate in Carter, MT is 0.71%, which is notably lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value in Carter, the typical annual property tax bill comes to $1,391, falling well below the national median of $2,690. Property taxes in Carter are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Carter'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 Carter 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
Carter, Montana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,660
Ownwell’s CARTER Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CARTER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CARTER 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 Carter, Montana
Property taxes in Carter, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carter is 0.71%, which is lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Carter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carter 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 Carter's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59420 has both the highest and the lowest median property tax rate in the county, standing at 0.71%. Understanding how these cities compare with Carter provides valuable insights into the varying tax landscape across Chouteau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carter Tax Rate
0.71%
Average Chouteau County Tax Rate
0.95%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carter, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59420 | 0.62% | 0.65% | 0.71% | 0.87% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Carter, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Carter, Montana. The market value represents 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 local 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 Carter, 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 Carter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Carter is $1,391, found in zip code 59420, which can be compared to the national median property tax rate of 0.99%.
Average Carter Assessed Value
$169,896
Average Chouteau County Assessed Value
$152,700
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carter, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59420 | $18,351 | $79,475 | $169,896 | $310,130 | $460,909 |
Source: Ownwell
Property Tax Bills Across Carter, Montana
In Carter, 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. For homeowners, the median home price in Carter is $169,896. The property tax rate in Carter is compared to the national median property tax rate of 0.99%. The tax bill can vary significantly depending on the assessed value and the specific tax rate applied. For instance, homeowners in the 25th percentile can expect a tax bill of around $673, while those in the 75th percentile might see a tax bill of approximately $2,548. At the higher end, the 90th percentile tax bill can reach up to $4,189. These variations highlight how different factors such as property value and local tax rates can significantly impact the financial obligations of homeowners in Carter. Understanding these elements can help residents better manage their property tax responsibilities.
Average Carter Tax Bill
$1,391
Average Chouteau County Tax Bill
$1,469
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Carter, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59420 | $158 | $673 | $1,391 | $2,548 | $4,189 |
Source: Ownwell