Golden Valley County, Montana Property Taxes
The median property tax rate in Golden Valley County is 0.67%, which is notably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Golden Valley County at $102,182, the typical annual property tax bill is approximately $729, well below the national median of $2,690. Property taxes in Golden Valley County are calculated based on the tax assessed value, which usually falls below the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Golden Valley County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Ryegate or another part of Golden Valley County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Golden Valley County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$685
$635
Ownwell’s Golden Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Golden Valley with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Golden Valley to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Golden Valley County, Montana
Property taxes in Golden Valley County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Golden Valley County is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Golden Valley County set these rates annually, and they can vary significantly between different areas within the county. Each year, Golden Valley County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Golden Valley County's effective property tax rate with other areas in Montana and the national median. For comparison, the city of Lavina has one of the higher property tax rates in Montana at 0.78%, while the city of Shawmut boasts one of the lowest at 0.61%. Analyzing how Golden Valley County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Golden Valley County Tax Rate
0.67%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Golden Valley County, Montana
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Golden Valley County, Montana. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Golden Valley County Appraisal District. The assessed value, however, 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 Golden Valley County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, Lavina has the highest median tax bill at $856, while Ryegate has the lowest at $650. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Golden Valley County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Golden Valley County, Montana
Source: Ownwell
$97,918
$102,659
$107,400
Average Golden Valley County Assessed Value
$102,182
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Bills Across Golden Valley County, Montana
In Golden Valley County, MT, property tax bills are calculated based on the assessed value of a property, which is derived from the market value. The tax bill reflects a combination of the property’s assessed value and the local tax rate. The median home price in Golden Valley County is $102,182, and the property tax rates are applied to this assessed value to determine the final tax bill. Factors influencing the tax bill include the property's location, size, and any applicable exemptions. For homeowners, understanding these tax bills is crucial as they vary significantly. For instance, the tax bill at the 25th percentile is $280, while at the 75th percentile, it rises to $1,367. At the 90th percentile, it can be as high as $2,262. The highest median tax bill in the county is found in Lavina at $856, whereas Ryegate has the lowest median tax bill at $650. These variations can significantly impact a homeowner's annual expenses, making it important to be well-informed about local property tax assessments.
Average Golden Valley County Tax Bill
$729
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690