Rosebud, Montana Property Taxes
The median property tax rate in Rosebud, MT is 0.79%, which is notably lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $42,120, the typical annual property tax bill in Rosebud amounts to $335, significantly below the national median of $2,690. Property taxes in Rosebud are calculated based on the tax assessed value, often lower than the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Rosebud's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Rosebud or another part of Custer County, grasping the local property tax nuances will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rosebud, 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 Rosebud Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rosebud with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rosebud 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 Rosebud, Montana
Property taxes in Rosebud, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rosebud is 0.79%, lower than the U.S. national median of 0.99%. Local government entities within Rosebud set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rosebud 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 Rosebud's effective property tax rate to other counties in Montana and the national median. For comparison, the 59347 zip code has the highest median property tax rate of 0.79%, while the same zip code also has the lowest median tax rate of 0.79%. Understanding how these cities compare with Rosebud 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.
Average Rosebud Tax Rate
0.79%
Average Custer County Tax Rate
1.24%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rosebud, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59347 | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Rosebud, Montana
In Rosebud, 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 Rosebud, 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 Rosebud helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rosebud is $42,120, with the highest and lowest median tax bills both recorded at $335 in the 59347 zip code.
Average Rosebud Assessed Value
$42,120
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 Rosebud, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59347 | $42,120 | $42,120 | $42,120 | $42,120 | $42,120 |
Source: Ownwell
Property Tax Bills Across Rosebud, Montana
Property tax bills in Rosebud, located in Custer County, MT, are calculated based on the assessed value of a property, which is a percentage of its market value. In this region, the median home price stands at $42,120. The local tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Rosebud, the tax bills are relatively consistent, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $335. This uniformity suggests a stable tax environment for residents, providing predictability in their annual financial planning. Comparatively, the national median property tax rate is 0.99%, making Rosebud's property taxes quite modest. This lower tax burden can be particularly beneficial for homeowners, as it reduces the overall cost of homeownership and can contribute to a more affordable living situation. Understanding how these factors interplay helps homeowners better anticipate their yearly expenses and manage their budgets effectively.
Average Rosebud Tax Bill
$335
Average Custer County Tax Bill
$1,810
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Rosebud, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59347 | $335 | $335 | $335 | $335 | $335 |
Source: Ownwell