Scobey, Montana Property Taxes
The median property tax rate in Scobey, MT is 1.24%, considerably higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Scobey at $93,236, the typical annual property tax bill reaches $1,113, exceeding the national median of $2,690. Property taxes in Scobey 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 Scobey'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 Scobey 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
Scobey, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$1,156
$1,073
Ownwell’s Scobey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scobey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scobey 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 Scobey, Montana
Property taxes in Scobey, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scobey is 1.24%, significantly higher than the U.S. national median of 0.99%. Local government entities within Scobey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scobey 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 Scobey's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59263 has both the highest and lowest median property tax rate of 1.24%. Understanding how these cities compare with Scobey 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 Scobey Tax Rate
1.24%
Average Daniels County Tax Rate
1.24%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scobey, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59263 | 0.97% | 1.24% | 1.24% | 1.24% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Scobey, Montana
In Scobey, 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 Scobey, 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. Scobey's median home price is $93,236, with tax bills ranging from $569 at the 25th percentile to $2,497 at the 90th percentile. The zip code 59263 has both the highest and lowest median tax bill, standing at $1,113. Being aware of these valuation processes in Scobey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Scobey Assessed Value
$93,236
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 Scobey, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59263 | $23,960 | $48,500 | $93,236 | $152,146 | $210,000 |
Source: Ownwell
Property Tax Bills Across Scobey, Montana
In Scobey, Daniels County, MT, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Scobey is $93,236. Homeowners can expect their property tax bills to vary significantly, reflecting the assessed value and the local tax rate. For instance, the 25th percentile tax bill is $569, while the 75th percentile tax bill reaches $1,826, and the 90th percentile tax bill can be as high as $2,497. These figures indicate a broad range of tax obligations, influenced by factors such as property location, size, and market conditions. When compared to the national median property tax rate of 0.99%, Scobey's property taxes can be considered relatively moderate. Understanding these factors helps homeowners anticipate their annual tax responsibilities, allowing for better financial planning and budgeting. The highest and lowest median tax bills in the area are both $1,113, highlighting some uniformity in tax obligations within certain brackets.
Average Scobey Tax Bill
$1,113
Average Daniels County Tax Bill
$1,006
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Scobey, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59263 | $252 | $569 | $1,113 | $1,826 | $2,497 |
Source: Ownwell