Baker, Fallon County, Montana Property Taxes
The median property tax rate in Baker, MT is 0.69%, which is lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Baker at $124,185, the typical annual property tax bill reaches $829, significantly less than the national median of $2,690. Property taxes in Baker 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 Baker'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 Baker 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
Baker, Fallon County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$857
$795
Ownwell’s Baker Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Baker with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Baker 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 Baker, Fallon County, Montana
Property taxes in Baker, Montana, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Baker is 0.69%, which is lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Baker set these rates annually, and they can vary significantly across different neighborhoods. Each year, Baker 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 Baker's effective property tax rate to other areas in Montana and the national median. For comparison, the 59313 zip code has both the highest and lowest median property tax rate of 0.69%. Understanding how these cities compare with Baker provides valuable insights into the varying tax landscape across Fallon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Baker Tax Rate
0.69%
Average Fallon County Tax Rate
0.69%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baker, Fallon County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59313 | 0.44% | 0.51% | 0.69% | 0.69% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Baker, Fallon County, Montana
In Baker, 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 Fallon 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 Baker, 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 median home price in Baker is $124,185, with tax bills ranging from $383 at the 25th percentile to $1,647 at the 90th percentile. The highest and lowest median tax bills are $829, both found in the 59313 zip code. By understanding these valuation processes, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Baker, Fallon County, Montana
Source: Ownwell
$81,900
$124,832
$167,764
Average Baker Assessed Value
$124,185
Average Fallon County Assessed Value
$119,362
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baker, Fallon County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59313 | $23,555 | $52,202 | $124,185 | $193,125 | $265,850 |
Source: Ownwell
Property Tax Bills Across Baker, Fallon County, Montana
In Baker, located in Fallon County, MT, property tax bills are determined based on the assessed value of your home and the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the local tax rate to calculate your annual tax bill. For instance, with a median home price of $124,185, homeowners can expect varying tax bills. The 25th percentile tax bill is around $383, while those in the 75th percentile pay approximately $1,223. At the 90th percentile, tax bills can reach up to $1,647. These figures highlight the range that homeowners might experience, influenced by factors such as property size, location, and improvements. Comparing this to the national median property tax rate of 0.99%, Baker's property tax rates can significantly impact household budgets. Understanding these components helps homeowners anticipate their financial obligations and plan accordingly.
Average Baker Tax Bill
$829
Average Fallon County Tax Bill
$785
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Baker, Fallon County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59313 | $202 | $383 | $829 | $1,223 | $1,647 |
Source: Ownwell