Dutton, Montana Property Taxes
The median property tax rate in Dutton, MT is 0.91%, slightly below the national median of 0.99% but higher than the Montana state median of 0.83%. With the median home value in Dutton at $254,516, the typical annual property tax bill amounts to $2,309, which is less than the national median of $2,690. Property taxes in Dutton are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Dutton'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 Dutton 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
Dutton, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$2,316
Ownwell’s Dutton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dutton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dutton 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 Dutton, Montana
Property taxes in Dutton, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dutton is 0.91%, slightly below the U.S. national median of 0.99%. Local government entities within Dutton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dutton 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 Dutton's effective property tax rate to other areas in Montana and the national median. For comparison, the zip code 59433 has the highest and lowest median property tax rate of 0.91%. Understanding how these cities compare with Dutton 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 Dutton Tax Rate
0.91%
Average Chouteau County Tax Rate
0.95%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dutton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59433 | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Dutton, Montana
In Dutton, 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 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 Dutton, 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 Dutton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Dutton are both $2,309, found in the zip code 59433, reflecting the uniformity in the area's property tax landscape.
Average Dutton Assessed Value
$254,516
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 Dutton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59433 | $254,516 | $254,516 | $254,516 | $254,516 | $254,516 |
Source: Ownwell
Property Tax Bills Across Dutton, Montana
In Dutton, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of the property. Homeowners in Dutton, located in Chouteau County, can expect their property taxes to be influenced by the median home price, which is approximately $254,516. The property tax rate in this region is compared to the national median property tax rate of 0.99%. The tax bill for homeowners in Dutton typically falls around $2,309, regardless of whether it’s at the 25th, 75th, or 90th percentile. This uniformity indicates a relatively stable tax environment for local residents. The property tax bill directly impacts homeowners by adding an additional annual expense that must be budgeted for, affecting overall housing affordability. Understanding how property taxes are calculated and the factors involved can help homeowners better manage their financial planning and anticipate future costs.
Average Dutton Tax Bill
$2,309
Average Chouteau County Tax Bill
$1,469
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Dutton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59433 | $2,309 | $2,309 | $2,309 | $2,309 | $2,309 |
Source: Ownwell