Geraldine, Montana Property Taxes
The median property tax rate in Geraldine, MT is 0.91%, slightly lower than the national median of 0.99% but higher than the Montana state median of 0.83%. With a median home value of $104,650 in Geraldine, the typical annual property tax bill is around $1,078, which is below the national median of $2,690. Property taxes in Geraldine are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Geraldine'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 Geraldine or another part of Chouteau County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Geraldine, 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 Geraldine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Geraldine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Geraldine 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 Geraldine, Montana
Property taxes in Geraldine, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Geraldine is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within Geraldine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Geraldine 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 Geraldine's effective property tax rate to other counties in Montana and the national median. For comparison, the 59446 zip code has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Geraldine 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 Geraldine 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 Geraldine, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59446 | 0.57% | 0.67% | 0.91% | 1.17% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Geraldine, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Geraldine, 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 Chouteau 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 Geraldine, 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. The median home price in Geraldine is $104,650, with tax bills ranging from $483 at the 25th percentile to $2,740 at the 90th percentile. The highest and lowest median tax bills are both $1,078 in zip code 59446. Understanding these valuation concepts helps property owners better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Geraldine Assessed Value
$104,650
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 Geraldine, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59446 | $9,575 | $40,885 | $104,650 | $220,773 | $349,646 |
Source: Ownwell
Property Tax Bills Across Geraldine, Montana
In Geraldine, located in Chouteau County, MT, property tax bills are calculated based on the assessed value of homes. The assessed value is determined by the local tax assessor and reflects 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. For instance, if the median home price in Geraldine is $104,650, this value is multiplied by the local tax rate to determine the tax bill. Several factors influence the assessed value, including the size of the property, location, and any improvements made to the home. Homeowners in Geraldine can expect their tax bills to vary significantly. The 25th percentile tax bill is around $483, while the 75th percentile reaches $1,694, and the 90th percentile can go up to $2,740. These variations mean that homeowners with more valuable properties or those in sought-after areas will pay higher taxes. Compared to the national median property tax rate of 0.99%, Geraldine's rates offer a unique perspective on local taxation.
Average Geraldine Tax Bill
$1,078
Average Chouteau County Tax Bill
$1,469
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Geraldine, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59446 | $139 | $483 | $1,078 | $1,694 | $2,740 |
Source: Ownwell