Powderville, Montana Property Taxes
The median property tax rate in Powderville, MT is 0.85%, which is lower than the national median of 0.99% but slightly higher than the Montana state median of 0.83%. With the median home value in Powderville, the typical annual property tax bill reaches $1,427, which is below the national median of $2,690. Property taxes in Powderville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Powderville'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 Powderville or another part of Custer County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Powderville, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$1,317
$1,222
Ownwell’s Powderville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Powderville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Powderville 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 Powderville, Montana
Property taxes in Powderville, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Powderville is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Powderville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Powderville 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. Understanding how Powderville's effective property tax rate compares to other counties in Montana and the national median provides valuable insights into the varying tax landscape across Custer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas. For comparison, the zip code 59345 has the highest and lowest median property tax rate of 0.85%. This uniformity offers a unique perspective on how property taxes are managed within the region, contributing to a more predictable tax environment for residents.
Average Powderville Tax Rate
0.85%
Average Custer County Tax Rate
1.24%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Powderville, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59345 | 0.74% | 0.81% | 0.85% | 0.96% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Powderville, Montana
In Powderville, 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 Custer 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 Powderville, 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 Powderville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $1427 in zip code 59345.
Average Powderville Assessed Value
$154,937
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 Powderville, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59345 | $26,036 | $86,440 | $154,937 | $181,724 | $220,159 |
Source: Ownwell
Property Tax Bills Across Powderville, Montana
In Powderville, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in this area is $154,937. Homeowners are subject to a median property tax rate of 0.99%, which aligns with the national median rate. This means that a typical homeowner in Powderville can expect a property tax bill around $1,534 annually. However, tax bills can vary significantly depending on the specific assessed value of the property and any applicable exemptions. For instance, the 25th percentile tax bill is $1,181, while the 75th percentile is $1,763, and the 90th percentile reaches up to $1,971. These variations highlight how factors like property improvements, location, and market conditions can influence the assessed value and, consequently, the tax bill. Homeowners in the 59345 zip code experience the highest median tax bill at $1,427. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Powderville Tax Bill
$1,427
Average Custer County Tax Bill
$1,810
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Powderville, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59345 | $420 | $1,181 | $1,427 | $1,763 | $1,971 |
Source: Ownwell