Coffee Creek, Montana Property Taxes
The median property tax rate in Coffee Creek, MT is 0.63%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Coffee Creek, the typical annual property tax bill reaches $1,130, falling well below the national median of $2,690. Property taxes in Coffee Creek 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 Coffee 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 Coffee Creek 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
Coffee Creek, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,118
$1,038
Ownwell’s Coffee Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coffee Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coffee Creek 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 Coffee Creek, Montana
Property taxes in Coffee Creek, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coffee Creek is 0.63%, lower than both the Montana state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Coffee Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coffee 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 Coffee Creek's effective property tax rate to other counties in Montana and the national median. For comparison, the 59424 zip code has the highest median property tax rate of 0.63%, while the 59424 zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Coffee Creek provides valuable insights into the varying tax landscape across Fergus County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coffee Creek Tax Rate
0.63%
Average Fergus County Tax Rate
0.99%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coffee Creek, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59424 | 0.56% | 0.58% | 0.63% | 0.70% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Coffee Creek, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Coffee Creek, Montana. 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 Fergus 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 Coffee 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. For example, the highest median tax bill in the area is $1,130 in the 59424 zip code. Being aware of these valuation processes in Coffee Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Coffee Creek Assessed Value
$177,493
Average Fergus County Assessed Value
$177,627
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coffee Creek, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59424 | $45,907 | $120,798 | $177,493 | $251,545 | $333,018 |
Source: Ownwell
Property Tax Bills Across Coffee Creek, Montana
In Coffee Creek, property tax bills are determined through a combination of assessed property values and the local tax rate set by the county. The median home price in Coffee Creek is $177,493, which serves as a baseline for calculating property taxes. Homeowners can expect varying tax bills based on the assessed value of their property and any applicable exemptions or deductions. The tax bill can range significantly, with the 25th percentile at $757 and the 75th percentile at $1,831. This variation highlights how individual property characteristics and specific assessments impact the final tax amount. For those in the 90th percentile, the tax bill can reach up to $2,391, indicating higher assessed values or fewer exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Coffee Creek may find their tax bills relatively moderate. However, the financial impact remains significant, influencing decisions on property ownership and investments. Understanding these factors can help homeowners better anticipate their annual tax obligations and plan accordingly.
Average Coffee Creek Tax Bill
$1,130
Average Fergus County Tax Bill
$1,787
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Coffee Creek, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59424 | $294 | $757 | $1,130 | $1,831 | $2,391 |
Source: Ownwell