Butte, Montana Property Taxes
The median property tax rate in Butte, MT is 0.69%, considerably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Butte, the typical annual property tax bill reaches $1,085, which is significantly below the national median of $2,690. Property taxes in Butte 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 Butte'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 Butte 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
Butte, 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 Butte Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Butte with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Butte 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 Butte, Montana
Property taxes in Butte, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Butte is 0.69%, lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Butte set these rates annually, and they can vary significantly across different neighborhoods. Each year, Butte 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 Butte's effective property tax rate to other counties in Montana and the national median. For comparison, the 59701 zip code has the highest median property tax rate of 0.69%, while the same zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Butte 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 Butte Tax Rate
0.69%
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 Butte, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59701 | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Butte, Montana
In Butte, 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 local 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 Butte, 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. The median home price in Butte is $157,546, and the median tax bill stands at $1,085. Zip code 59701 has the highest and lowest median tax bill at $1,085. 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 Butte helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Butte Assessed Value
$157,546
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 Butte, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59701 | $157,546 | $157,546 | $157,546 | $157,546 | $157,546 |
Source: Ownwell
Property Tax Bills Across Butte, Montana
Property tax bills in Butte, located in Deer Lodge County, MT, are determined by a combination of the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, which is established by county assessors. For example, with a median home price of $157,546, the property tax rate is applied to this assessed value to calculate the annual tax bill. In Butte, the median property tax bill is $1,085, which is significantly higher than the national median property tax rate of 0.99%. This figure remains consistent across different percentiles, indicating a stable tax environment. Factors such as property improvements, changes in market conditions, and local government budgets can influence the assessed value and, consequently, the tax bill. For homeowners, understanding these factors is crucial as they directly impact annual expenses. A higher assessed value or an increase in the local tax rate can lead to a higher tax bill, affecting overall affordability and financial planning.
Average Butte Tax Bill
$1,085
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 Butte, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59701 | $1,085 | $1,085 | $1,085 | $1,085 | $1,085 |
Source: Ownwell