Belgrade, Montana Property Taxes
The median property tax rate in Belgrade, MT is 0.84%, slightly higher than the Montana state median of 0.83% but still below the national median of 0.99%. With the median home value in Belgrade at $499,400, the typical annual property tax bill reaches $4,377, far exceeding the national median of $2,690. Property taxes in Belgrade are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Belgrade'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 Belgrade or another part of Gallatin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belgrade, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$4,195
Ownwell’s Belgrade Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belgrade with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belgrade 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 Belgrade, Montana
Property taxes in Belgrade, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belgrade is 0.84%, lower than the U.S. national median of 0.99%. Local government entities within Belgrade set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belgrade 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 Belgrade's effective property tax rate to other counties in Montana and the national median. For comparison, the 59714 zip code has both the highest and lowest median property tax rate of 0.84%. Understanding how these cities compare with Belgrade provides valuable insights into the varying tax landscape across Gallatin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belgrade Tax Rate
0.84%
Average Gallatin County Tax Rate
0.80%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belgrade, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59714 | 0.74% | 0.74% | 0.84% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Belgrade, Montana
In Belgrade, 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 Gallatin 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 Belgrade, 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 Belgrade helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Belgrade are both $4,377, found in zip code 59714.
Average Belgrade Assessed Value
$499,400
Average Gallatin County Assessed Value
$644,700
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belgrade, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59714 | $119,507 | $402,300 | $499,400 | $647,550 | $900,600 |
Source: Ownwell
Property Tax Bills Across Belgrade, Montana
In Belgrade, located in Gallatin County, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $499,400, homeowners in Belgrade can expect varying tax bills depending on the assessed value and specific tax rates applied. Factors such as property improvements, neighborhood changes, and market trends can influence the assessed value, thereby affecting the tax bill. The tax bill in Belgrade ranges significantly, with the 25th percentile tax bill at $3,380 and the 75th percentile reaching $5,435. At the 90th percentile, homeowners might see a tax bill as high as $7,145. These taxes fund essential community services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Belgrade Tax Bill
$4,377
Average Gallatin County Tax Bill
$5,055
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Belgrade, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59714 | $1,059 | $3,380 | $4,377 | $5,435 | $7,145 |
Source: Ownwell