Plevna, Fallon County, Montana Property Taxes
The median property tax rate in Plevna, MT is 0.50%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $81,900 in Plevna, the typical annual property tax bill is $454, well below the national median of $2,690. Property taxes in Plevna are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Plevna'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 Plevna or another part of Fallon County, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Plevna, Fallon County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$410
$380
Ownwell’s Plevna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plevna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plevna 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 Plevna, Fallon County, Montana
Property taxes in Plevna, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plevna is 0.50%, which is lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Plevna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plevna 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 Plevna's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59344 in Fallon County has the highest median property tax rate of 0.50%, while the same zip code also has the lowest median tax rate of 0.50%. Understanding how these areas compare with Plevna 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 Plevna Tax Rate
0.50%
Average Fallon County Tax Rate
0.69%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plevna, Fallon County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59344 | 0.41% | 0.48% | 0.50% | 0.50% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Plevna, Fallon County, Montana
In Plevna, 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 Plevna, 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 Plevna helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 59344, with a median tax bill of $454.
Property Tax Assessment Values Across Plevna, Fallon County, Montana
Source: Ownwell
$81,900
$124,832
$167,764
Average Plevna Assessed Value
$81,900
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 Plevna, Fallon County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59344 | $11,143 | $29,318 | $81,900 | $187,018 | $256,290 |
Source: Ownwell
Property Tax Bills Across Plevna, Fallon County, Montana
Property tax bills in Plevna, located in Fallon County, MT, are calculated based on the assessed value of a property, which is derived from its market value. The median home price in Plevna is $81,900, and property tax rates are applied to this assessed value to determine the tax bill. Factors such as property location, size, and any applicable exemptions influence the final amount. The tax bill can vary significantly across different homes. For instance, the 25th percentile tax bill is $196, while the 75th percentile tax bill reaches $906. At the higher end, the 90th percentile tax bill is $1,220. These variations highlight the impact of property characteristics and local tax rates on homeowners' expenses. For homeowners in Plevna, understanding these factors is crucial for financial planning. The highest and lowest median tax bills in the area both stand at $454, indicating a relatively uniform tax rate within the zip code 59344. Compared to the national median property tax rate of 0.99%, Plevna's rates are influenced by local economic conditions and property values.
Average Plevna Tax Bill
$454
Average Fallon County Tax Bill
$785
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Plevna, Fallon County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59344 | $59 | $196 | $454 | $906 | $1,220 |
Source: Ownwell