Winifred, Montana Property Taxes
The median property tax rate in Winifred, MT is 0.78%, 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 Winifred at $136,500, the typical annual property tax bill is $1,046, falling below the national median of $2,690. Property taxes in Winifred are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Winifred'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 Winifred or another part of Fergus County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Winifred, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$1,065
$988
Ownwell’s Winifred Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Winifred with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winifred 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 Fergus County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Winifred, Montana
Property taxes in Winifred, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winifred is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Winifred set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winifred 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 Winifred's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59489 has both the highest and lowest median property tax rate of 0.78%. Understanding how these cities compare with Winifred 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 Winifred Tax Rate
0.78%
Average Fergus County Tax Rate
0.99%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winifred, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59489 | 0.77% | 0.77% | 0.78% | 0.87% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Winifred, Montana
In Winifred, 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 Winifred, 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. The zip code with the highest median tax bill is 59489 at $1,046, which is also the lowest median tax bill in the area. Being aware of these valuation processes in Winifred helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Winifred Assessed Value
$136,500
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 Winifred, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59489 | $17,932 | $52,200 | $136,500 | $249,500 | $375,030 |
Source: Ownwell
Property Tax Bills Across Winifred, Montana
In Winifred, located in Fergus County, MT, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The median home price in Winifred is $136,500, and homeowners can expect their property tax bills to vary significantly. Factors such as the property's assessed value, local tax rates, and any applicable exemptions influence the final tax bill. For instance, tax bills in the 25th percentile are around $504, while those in the 75th percentile reach up to $2,066. The 90th percentile tax bills can go as high as $3,286. This variability in tax bills affects homeowners differently, depending on the value of their property and any exemptions they might qualify for. Compared to the national median property tax rate of 0.99%, Winifred's rates can be seen as relatively moderate, yet they still represent a significant financial consideration for homeowners. Understanding these factors can help residents better anticipate their annual property tax obligations.
Average Winifred Tax Bill
$1,046
Average Fergus County Tax Bill
$1,787
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Winifred, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59489 | $164 | $504 | $1,046 | $2,066 | $3,286 |
Source: Ownwell