Rudyard, Montana Property Taxes
The median property tax rate in Rudyard, MT is 0.70%, which is lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Rudyard at $346,506, the typical annual property tax bill amounts to $2,353, falling below the national median of $2,690. Property taxes in Rudyard are calculated based on the tax assessed value, which often is lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rudyard'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 Rudyard 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
Rudyard, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$2,426
$2,251
Ownwell’s Rudyard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rudyard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rudyard 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 Rudyard, Montana
Property taxes in Rudyard, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rudyard is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Rudyard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rudyard 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 Rudyard's effective property tax rate to other counties in Montana and the national median. For comparison, the 59540 zip code has the highest median property tax rate of 0.70%, while the 59540 zip code also has the lowest median tax rate of 0.70%. Understanding how these areas compare with Rudyard 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 Rudyard Tax Rate
0.70%
Average Chouteau County Tax Rate
0.95%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rudyard, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59540 | 0.68% | 0.68% | 0.70% | 0.74% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Rudyard, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rudyard, 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 Rudyard, 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 Rudyard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rudyard is $346,506, with the highest median tax bill found in zip code 59540 at $2,353.00.
Average Rudyard Assessed Value
$346,506
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 Rudyard, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59540 | $157,198 | $248,606 | $346,506 | $449,866 | $473,886 |
Source: Ownwell
Property Tax Bills Across Rudyard, Montana
In Rudyard, located in Chouteau County, MT, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by local assessors who evaluate the property's market value and apply an assessment ratio. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the tax bill, including property size, location, and any improvements or renovations made. For instance, the median home price in Rudyard is $346,506, and property tax bills can vary widely. Homeowners in the 25th percentile can expect to pay around $1,760 annually, while those in the 75th percentile might see bills as high as $3,196. The highest median tax bill in the area is $2,353, which is notably below the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for Rudyard residents.
Average Rudyard Tax Bill
$2,353
Average Chouteau County Tax Bill
$1,469
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Rudyard, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59540 | $1,209 | $1,760 | $2,353 | $3,196 | $3,385 |
Source: Ownwell