Denton, Montana Property Taxes
The median property tax rate in Denton, MT is 0.98%, slightly lower than the national median of 0.99% but higher than the Montana state median of 0.83%. With a median home value of $128,510 in Denton, the typical annual property tax bill amounts to $1,223, which is below the national median of $2,690. Property taxes in Denton are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Denton'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 Denton 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
Denton, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,259
$1,169
Ownwell’s Denton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Denton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Denton 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 Denton, Montana
Property taxes in Denton, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Denton is 0.98%, slightly below the U.S. national median of 0.99%. Local government entities within Denton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Denton 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 Denton's effective property tax rate to other counties in Montana and the national median. For comparison, the 59430 zip code has both the highest and lowest median property tax rate of 0.98%. Understanding how these cities compare with Denton 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 Denton Tax Rate
0.98%
Average Fergus County Tax Rate
0.99%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Denton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59430 | 0.59% | 0.66% | 0.98% | 1.07% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Denton, Montana
In Denton, 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 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 Denton, 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 Denton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,223, found in the 59430 zip code.
Average Denton Assessed Value
$128,510
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 Denton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59430 | $13,744 | $71,720 | $128,510 | $223,505 | $381,674 |
Source: Ownwell
Property Tax Bills Across Denton, Montana
In Denton, Fergus County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value, not to be confused with the market value, is a percentage of the home's market price. For instance, with a median home price of $128,510, the assessed value is used to calculate the tax bill. Various factors influence the assessed value, including the property's location, size, and improvements. Homeowners in Denton can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $727, while the 75th percentile reaches up to $1,814, and the 90th percentile can be as high as $2,633. These figures indicate a range of tax burdens depending on the specific characteristics and assessed values of the properties. Compared to the national median property tax rate of 0.99%, Denton's property taxes reflect the local economic and real estate conditions, impacting homeowners differently based on their property's assessed value.
Average Denton Tax Bill
$1,223
Average Fergus County Tax Bill
$1,787
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Denton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59430 | $272 | $727 | $1,223 | $1,814 | $2,633 |
Source: Ownwell