Savage, Montana Property Taxes
The median property tax rate in Savage, MT is 0.84%, slightly higher than the state median of 0.83% but below the national median of 0.99%. With a median home value of $75,821, the typical annual property tax bill in Savage amounts to $788, which is significantly lower than the national median of $2,690. Property taxes in Savage are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Savage'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 Savage 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
Savage, 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 Savage Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in Savage. By simply inputting your property's estimated assessed value, the calculator utilizes the median tax rate in Savage to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more granular data, neighborhood-level trends are available further down the page. Your property’s assessed value, determined by the county, is used for property tax calculations and may include applicable exemptions.
Property Tax Rates Across Savage, Montana
Property taxes in Savage, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Savage is 0.84%, lower than the U.S. national median of 0.99%. Local government entities within Savage set these rates annually, and they can vary significantly across different neighborhoods. Each year, Savage 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 Savage's effective property tax rate to other counties in Montana and the national median. For comparison, the 59262 zip code has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these cities compare with Savage 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 Savage Tax Rate
0.84%
Average Dawson County Tax Rate
1.38%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Savage, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59262 | 0.72% | 0.76% | 0.84% | 0.95% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Savage, Montana
In Savage, 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 Savage, 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 Savage helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median property tax bill in Savage ranges from $403 at the 25th percentile to $1,630 at the 90th percentile, with the highest and lowest median tax bills both being $788 in the 59262 zip code.
Average Savage Assessed Value
$75,821
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 Savage, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59262 | $22,565 | $40,206 | $75,821 | $139,884 | $190,836 |
Source: Ownwell
Property Tax Bills Across Savage, Montana
In Savage, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. For homeowners in Savage, the median home price is $75,821. Property tax rates in the area can vary, but the median property tax bill in Dawson County is $788, aligning with the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. Homeowners in the 25th percentile can expect a tax bill around $403, while those in the 75th percentile might see bills closer to $1,186. For those in the 90th percentile, the tax bill can reach up to $1,630. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Savage Tax Bill
$788
Average Dawson County Tax Bill
$1,948
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Savage, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59262 | $238 | $403 | $788 | $1,186 | $1,630 |
Source: Ownwell