Circle, Montana Property Taxes
The median property tax rate in Circle, MT is 0.82%, slightly lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $174,511 in Circle, the typical annual property tax bill is $1,725, which is below the national median of $2,690. Property taxes in Circle are calculated based on the assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Circle'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 Circle or another part of Dawson County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Circle, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$1,431
Ownwell’s CIRCLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CIRCLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CIRCLE 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 Circle, Montana
Property taxes in Circle, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Circle is 0.82%, lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Circle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Circle 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 Circle's effective property tax rate to other counties in Montana and the national median. For comparison, the 59215 zip code has both the highest and lowest median property tax rate of 0.82%. Understanding how these cities compare with Circle provides valuable insights into the varying tax landscape across Dawson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Circle Tax Rate
0.82%
Average Dawson County Tax Rate
1.38%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Circle, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59215 | 0.77% | 0.81% | 0.82% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Circle, Montana
In Circle, 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 Dawson 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 Circle, 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 Circle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 59215 has the highest and lowest median tax bill, both at $1,725.
Average Circle Assessed Value
$174,511
Average Dawson County Assessed Value
$135,200
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Circle, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59215 | $40,120 | $117,850 | $174,511 | $307,196 | $328,168 |
Source: Ownwell
Property Tax Bills Across Circle, Montana
In CIRCLE, Dawson County, MT, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The median home price in the area is $174,511, and property taxes can vary significantly depending on several factors. Homeowners in the 25th percentile see tax bills around $979, while those in the 75th percentile experience bills closer to $2,725. For those in the 90th percentile, tax bills can reach up to $2,892. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. For homeowners, understanding these variables is crucial, as property taxes represent a significant recurring expense. Compared to the national median property tax rate of 0.99%, Dawson County's rates reflect the local economic conditions and property values.
Average Circle Tax Bill
$1,725
Average Dawson County Tax Bill
$1,948
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Circle, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59215 | $305 | $979 | $1,725 | $2,725 | $2,892 |
Source: Ownwell