Deer Lodge, Montana Property Taxes
The median property tax rate in Deer Lodge, MT, is 0.79%, which is lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $208,100 in Deer Lodge, the typical annual property tax bill amounts to $1,827, significantly below the national median of $2,690. Property taxes in Deer Lodge are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Deer Lodge'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 Deer Lodge or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Deer Lodge, 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 Deer Lodge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deer Lodge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deer Lodge 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 Deer Lodge, Montana
Property taxes in Deer Lodge, Montana, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Deer Lodge is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Deer Lodge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deer Lodge 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 Deer Lodge's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59722 has the highest median property tax rate of 0.79%, while the same zip code also has the lowest median tax rate of 0.79%. Understanding how these cities compare with Deer Lodge 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 Deer Lodge Tax Rate
0.79%
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 Deer Lodge, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59722 | 0.66% | 0.74% | 0.79% | 0.87% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Deer Lodge, Montana
In Deer Lodge, 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 Deer Lodge, 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 Deer Lodge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Deer Lodge is $208,100, with median tax bills ranging from $1,107 at the 25th percentile to $4,101 at the 90th percentile. The highest and lowest median tax bills, both at $1,827, are found in the 59722 zip code.
Average Deer Lodge Assessed Value
$208,100
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 Deer Lodge, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59722 | $8,172 | $80,305 | $208,100 | $333,642 | $518,706 |
Source: Ownwell
Property Tax Bills Across Deer Lodge, Montana
In Deer Lodge, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Deer Lodge is $208,100. Homeowners in the 25th percentile can expect to pay around $1,107, while those in the 75th percentile might see bills as high as $3,082. For the top 10% of homeowners, tax bills can reach up to $4,101. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. These taxes fund essential public services such as schools, roads, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Deer Lodge homeowners experience varying tax burdens depending on their property's value, highlighting the importance of accurate assessments and understanding local tax policies.
Average Deer Lodge Tax Bill
$1,827
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 Deer Lodge, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59722 | $144 | $1,107 | $1,827 | $3,082 | $4,101 |
Source: Ownwell