Fort Peck, Garfield County, Montana Property Taxes
The median property tax rate in Fort Peck, MT is 0.68%, which is considerably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Fort Peck at $294,000, the typical annual property tax bill reaches $2,003, falling below the national median of $2,690. Property taxes in Fort Peck 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 Fort Peck'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 Fort Peck or another part of Garfield County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fort Peck, Garfield County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$1,999
$1,855
Ownwell’s Fort Peck Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Peck with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Peck 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 Fort Peck, Garfield County, Montana
Property taxes in Fort Peck, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Peck is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Fort Peck set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Peck 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 Fort Peck's effective property tax rate to other counties in Montana and the national median. For comparison, the 59223 zip code has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Fort Peck provides valuable insights into the varying tax landscape across Garfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Peck Tax Rate
0.68%
Average Garfield County Tax Rate
0.88%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Peck, Garfield County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59223 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Fort Peck, Garfield County, Montana
In Fort Peck, 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 Garfield 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. Assessment notices in Fort Peck 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 Fort Peck helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 59223 has the highest and lowest median tax bill, both at $2003.00, reflecting the uniformity in this area.
Property Tax Assessment Values Across Fort Peck, Garfield County, Montana
Source: Ownwell
$73,010
$183,505
$294,000
Average Fort Peck Assessed Value
$294,000
Average Garfield County Assessed Value
$97,469
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Peck, Garfield County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59223 | $194,500 | $208,950 | $294,000 | $346,950 | $380,552 |
Source: Ownwell
Property Tax Bills Across Fort Peck, Garfield County, Montana
In Fort Peck, located in Garfield County, MT, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $294,000, homeowners can expect their property tax bills to vary significantly. The tax bill at the 25th percentile is $1,424, while at the 75th percentile, it rises to $2,364. At the 90th percentile, it reaches $2,593. These figures indicate that property tax bills in Fort Peck can vary widely based on the assessed value of individual properties. Homeowners in the region should be aware that their property tax burden can be influenced by changes in property values and local tax rates. With the national median property tax rate at 0.99%, Fort Peck's property taxes offer a comparative perspective on how local rates and property values impact overall tax obligations.
Average Fort Peck Tax Bill
$2,003
Average Garfield County Tax Bill
$1,045
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Peck, Garfield County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59223 | $1,326 | $1,424 | $2,003 | $2,364 | $2,593 |
Source: Ownwell