Lakeside, Montana Property Taxes
The median property tax rate in Lakeside, MT is 0.72%, 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 Lakeside at $553,100, the typical annual property tax bill reaches $3,929, surpassing the national median of $2,690. Property taxes in Lakeside are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lakeside'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 Lakeside 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
Lakeside, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$3,982
Ownwell’s Lakeside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lakeside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lakeside 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 Lakeside, Montana
Property taxes in Lakeside, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lakeside is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Lakeside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lakeside 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 Lakeside's effective property tax rate to other counties in Montana and the national median. For comparison, the 59922 zip code has the highest median property tax rate of 0.72%, while the same 59922 zip code also has the lowest median tax rate of 0.72%. Understanding how these cities compare with Lakeside provides valuable insights into the varying tax landscape across Flathead County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lakeside Tax Rate
0.72%
Average Flathead County Tax Rate
0.75%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lakeside, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59922 | 0.69% | 0.72% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Lakeside, Montana
In Lakeside, 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 Flathead 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 Lakeside, 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 Lakeside 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 $3,929, located in zip code 59922.
Average Lakeside Assessed Value
$553,100
Average Flathead County Assessed Value
$447,500
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lakeside, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59922 | $242,732 | $409,200 | $553,100 | $948,250 | $1,538,808 |
Source: Ownwell
Property Tax Bills Across Lakeside, Montana
In Lakeside, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $553,100 in Lakeside, homeowners can expect varying tax bills. The 25th percentile tax bill is around $2,892, while those in the 75th percentile face bills up to $6,718. At the higher end, in the 90th percentile, taxes can reach $10,772. Several factors influence these tax bills, including property size, location, and improvements made to the home. Compared to the national median property tax rate of 0.99%, Lakeside's tax rates vary significantly, impacting homeowners differently based on their property's assessed value. For instance, the highest and lowest median tax bills in the area both stand at $3,929, specifically in the 59922 zip code. This system ensures that property tax bills reflect the value and characteristics of each individual property, affecting homeowners' annual financial planning.
Average Lakeside Tax Bill
$3,929
Average Flathead County Tax Bill
$3,622
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Lakeside, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59922 | $1,798 | $2,892 | $3,929 | $6,718 | $10,772 |
Source: Ownwell