Somers, Montana Property Taxes
The median property tax rate in Somers, MT is 0.72%, which is lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $527,800 in Somers, the typical annual property tax bill reaches $3,735, surpassing the national median of $2,690. Property taxes in Somers are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Somers' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Somers 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
Somers, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$3,800
Ownwell’s Somers Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Somers with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Somers 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 Somers, Montana
Property taxes in Somers, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Somers is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Somers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Somers 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 Somers' effective property tax rate to other counties in Montana and the national median. For comparison, the 59932 zip code has the highest median property tax rate of 0.72%, while the lowest median tax rate is also 0.72% within the same zip code. Understanding how these cities compare with Somers 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 Somers 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 Somers, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59932 | 0.69% | 0.72% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Somers, Montana
In Somers, 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 Somers, 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 median home price in Somers is $527,800, with tax bills ranging from $2,442 at the 25th percentile to $9,381 at the 90th percentile. The highest and lowest median tax bills both occur in the 59932 zip code, amounting to $3,735. Being aware of these valuation processes in Somers helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Somers Assessed Value
$527,800
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 Somers, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59932 | $217,862 | $345,750 | $527,800 | $830,150 | $1,349,004 |
Source: Ownwell
Property Tax Bills Across Somers, Montana
Property tax bills in Somers, located in Flathead County, MT, are calculated based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the market value determined by the county assessor. For homeowners in Somers, the median home price stands at $527,800. Factors such as property size, location, and improvements can influence the assessed value. Tax bills can vary significantly, with the 25th percentile of homeowners paying around $2,442 annually, while those at the 75th percentile see bills closer to $5,823. At the higher end, the 90th percentile tax bill reaches approximately $9,381. These figures highlight the range of property tax obligations within the community. Comparatively, the national median property tax rate is 0.99%, providing a benchmark for understanding local tax burdens. For homeowners in Somers, understanding these dynamics is crucial for financial planning and property investment decisions.
Average Somers Tax Bill
$3,735
Average Flathead County Tax Bill
$3,622
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Somers, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59932 | $1,522 | $2,442 | $3,735 | $5,823 | $9,381 |
Source: Ownwell