Flaxville, Montana Property Taxes
The median property tax rate in Flaxville, MT is 1.10%, which is considerably higher than both the national median of 0.99% and Montana's state median of 0.83%. With the median home value in Flaxville at $63,042, the typical annual property tax bill reaches $676, exceeding the national median of $2,690. Property taxes in Flaxville 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 Flaxville'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 Flaxville 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
Flaxville, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$693
$644
Ownwell’s Flaxville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Flaxville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Flaxville 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 Flaxville, Montana
Property taxes in Flaxville, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Flaxville is 1.10%, which is significantly higher than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Flaxville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Flaxville 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 Flaxville's effective property tax rate to other counties in Montana and the national median. For comparison, the 59222 zip code has both the highest and the lowest median property tax rate of 1.10%. Understanding how these cities compare with Flaxville provides valuable insights into the varying tax landscape across Daniels County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Flaxville Tax Rate
1.10%
Average Daniels County Tax Rate
1.24%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flaxville, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59222 | 0.96% | 1.03% | 1.10% | 1.10% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Flaxville, Montana
In Flaxville, 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 Daniels 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 Flaxville, 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 Flaxville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with both the highest and lowest median tax bill is 59222, with a median tax bill of $676.
Average Flaxville Assessed Value
$63,042
Average Daniels County Assessed Value
$84,200
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Flaxville, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59222 | $3,893 | $26,223 | $63,042 | $139,510 | $242,867 |
Source: Ownwell
Property Tax Bills Across Flaxville, Montana
In Flaxville, Daniels County, MT, property tax bills are determined through a combination of the assessed value of the property and the local tax rate. The assessed value is a percentage of the market value of the home, which is then multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $63,042, homeowners in Flaxville can expect varying tax bills depending on the assessed value and applicable exemptions. Factors such as location, property size, and improvements can influence the assessed value. For example, the 25th percentile of tax bills in Flaxville is around $288, while the 75th percentile reaches $1,509, and the 90th percentile can be as high as $2,363. These variations highlight how individual property characteristics and local policies impact tax obligations. Compared to the national median property tax rate of 0.99%, Flaxville offers relatively moderate property tax rates. Understanding these factors can help homeowners anticipate their tax responsibilities and plan accordingly.
Average Flaxville Tax Bill
$676
Average Daniels County Tax Bill
$1,006
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Flaxville, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59222 | $41 | $288 | $676 | $1,509 | $2,363 |
Source: Ownwell