Custer County, Montana Property Taxes
The median property tax rate in Custer County is 1.24%, which is significantly higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Custer County, the typical annual property tax bill reaches $1,810, which is below the national median of $2,690. Property taxes in Custer County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Custer County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Miles City or another part of Custer County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Custer County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$1,802
$1,672
Ownwell’s Custer County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Custer County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Custer County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Custer County, Montana
Property taxes in Custer County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Custer County is 1.24%, which is higher than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Custer County set these rates annually, and they can vary significantly between different areas within the county. Each year, Custer County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Custer County's effective property tax rate with other counties in Montana and the national median. For comparison, the city of Terry has one of the higher property tax rates in Montana at 1.44%, while the city of Olive boasts one of the lowest at 0.75%. Analyzing how Custer County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Custer County Tax Rate
1.24%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Custer County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ismay | 0.75% | 0.75% | 0.78% | 0.87% | 0.99% |
| Kinsey | 0.76% | 0.82% | 0.88% | 1.07% | 1.98% |
| Miles City | 0.78% | 0.94% | 1.25% | 1.32% | 1.50% |
| Olive | N/A | N/A | N/A | N/A | N/A |
| Powderville | 0.74% | 0.81% | 0.85% | 0.96% | 1.12% |
| Rosebud | N/A | N/A | N/A | N/A | N/A |
| Terry | 0.79% | 0.98% | 1.44% | 3.99% | 4.81% |
| Volborg | 0.70% | 0.73% | 0.77% | 0.86% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Custer County, Montana
In Custer County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Custer County Appraisal District. The assessed value, however, 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 in Custer County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Terry has the highest median tax bill at $4,228, while Rosebud has the lowest at $335. Being aware of these valuation processes in Custer County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Custer County Assessed Value
$145,300
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Custer County, Montana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ismay | $2,807 | $13,897 | $77,110 | $211,524 | $305,259 |
| Kinsey | $112,410 | $161,268 | $202,675 | $276,275 | $376,882 |
| Miles City | $11,342 | $71,466 | $144,600 | $222,175 | $313,027 |
| Olive | N/A | N/A | N/A | N/A | N/A |
| Powderville | $26,036 | $86,440 | $154,937 | $181,724 | $220,159 |
| Rosebud | N/A | N/A | N/A | N/A | N/A |
| Terry | $55,194 | $167,708 | $210,500 | $292,664 | $324,754 |
| Volborg | $31,265 | $63,972 | $148,563 | $288,006 | $356,122 |
Source: Ownwell
Property Tax Bills Across Custer County, Montana
In Custer County, MT, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of your property. This assessed value is then multiplied by the county's tax rate to determine your annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition, as well as recent sales of comparable properties in the area. For instance, the median home price in Custer County is $145,300. Homeowners in the 25th percentile pay around $981 annually, while those in the 75th percentile pay approximately $2,582. At the 90th percentile, the tax bill can reach up to $3,442. Comparatively, the national median property tax rate is 0.99%. In Custer County, tax bills can vary significantly, with the highest median tax bill reaching $4,228 in Terry and the lowest at $335 in Rosebud. This variation highlights the impact of property value and location on tax obligations for homeowners.
Average Custer County Tax Bill
$1,810
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Custer County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ismay | $31 | $178 | $749 | $1,902 | $2,715 |
| Kinsey | $952 | $1,537 | $2,012 | $3,292 | $6,219 |
| Miles City | $362 | $1,007 | $1,825 | $2,592 | $3,427 |
| Olive | N/A | N/A | N/A | N/A | N/A |
| Powderville | $420 | $1,181 | $1,427 | $1,763 | $1,971 |
| Rosebud | N/A | N/A | N/A | N/A | N/A |
| Terry | $1,695 | $2,153 | $4,228 | $9,166 | $13,810 |
| Volborg | $382 | $634 | $1,304 | $2,148 | $2,769 |
Source: Ownwell