Anaconda, Montana Property Taxes
The median property tax rate in Anaconda, MT is 0.94%, slightly below the national median of 0.99% but higher than Montana's state median of 0.83%. With a median home value of $184,900 in Anaconda, the typical annual property tax bill amounts to $1,699, which is less than the national median of $2,690. Property taxes in Anaconda are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Anaconda's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you reside in the heart of Anaconda or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Anaconda, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$1,738
Ownwell’s Anaconda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anaconda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anaconda 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 Anaconda, Montana
Property taxes in Anaconda, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Anaconda is 0.94%, slightly lower than the U.S. national median of 0.99%. Local government entities within Anaconda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anaconda 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 Anaconda's effective property tax rate to other counties in Montana and the national median. For comparison, the 59711 zip code has both the highest and lowest median property tax rate of 0.94%. Understanding how these cities compare with Anaconda provides valuable insights into the varying tax landscape across Deer Lodge County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anaconda Tax Rate
0.94%
Average Deer Lodge County Tax Rate
0.93%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anaconda, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59711 | 0.68% | 0.72% | 0.94% | 1.07% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Anaconda, Montana
In Anaconda, 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 Deer Lodge 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 Anaconda, 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. For instance, the highest and lowest median tax bills in Anaconda both stand at $1,699 in the 59711 zip code. 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 Anaconda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Anaconda Assessed Value
$184,900
Average Deer Lodge County Assessed Value
$187,200
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Anaconda, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59711 | $70,110 | $107,908 | $184,900 | $292,825 | $451,280 |
Source: Ownwell
Property Tax Bills Across Anaconda, Montana
Property tax bills in Anaconda, located in Deer Lodge County, Montana, are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. Factors such as property size, location, and improvements can influence this valuation. Homeowners in Anaconda can expect a median home price of $184,900, with property tax bills ranging significantly. For example, the 25th percentile tax bill is $1,117, while the 75th percentile reaches up to $2,488, and the 90th percentile can be as high as $3,396. These tax bills are essential for funding local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Anaconda's property tax rates can vary, impacting homeowners differently based on their property's assessed value. Consequently, understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Anaconda Tax Bill
$1,699
Average Deer Lodge County Tax Bill
$1,711
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Anaconda, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59711 | $638 | $1,117 | $1,699 | $2,488 | $3,396 |
Source: Ownwell