Gold Creek, Montana Property Taxes
The median property tax rate in Gold Creek, MT is 0.70%, 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 $267,700 in Gold Creek, the typical annual property tax bill amounts to $1,874, well below the national median of $2,690. Property taxes in Gold Creek are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural land. Understanding Gold Creek'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 Gold Creek or another part of Deer Lodge County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gold Creek, 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 Gold Creek Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Gold Creek with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Gold Creek to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. 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 Gold Creek, Montana
Property taxes in Gold Creek, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gold Creek is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Gold Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gold Creek 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 Gold Creek's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59733 has both the highest and lowest median property tax rate of 0.70%, identical to the rate in Gold Creek. Understanding how these areas compare with Gold Creek 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 Gold Creek Tax Rate
0.70%
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 Gold Creek, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59733 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Gold Creek, Montana
In Gold Creek, 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 Gold Creek, 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 Gold Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 59733 has the highest and lowest median tax bill, both at $1,874.
Average Gold Creek Assessed Value
$267,700
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 Gold Creek, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59733 | $267,700 | $267,700 | $267,700 | $267,700 | $267,700 |
Source: Ownwell
Property Tax Bills Across Gold Creek, Montana
In Gold Creek, Deer Lodge County, MT, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the local assessor's office and reflects a percentage of the property's market value. For instance, with a median home price of $267,700, the property tax bill can vary. Interestingly, the tax bill at the 25th, 75th, and 90th percentiles is consistently $1,874, indicating a uniform approach in this area. Several factors influence the final tax bill, including property characteristics, market trends, and local tax rates. Homeowners in Gold Creek benefit from the relative predictability of their tax bills, which can aid in financial planning. Compared to the national median property tax rate of 0.99%, the uniform tax bill in Gold Creek provides a unique scenario for property owners. Understanding these factors can help homeowners better anticipate their annual property tax obligations and manage their budgets effectively.
Average Gold Creek Tax Bill
$1,874
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 Gold Creek, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59733 | $1,874 | $1,874 | $1,874 | $1,874 | $1,874 |
Source: Ownwell