Lavina, Montana Property Taxes
The median property tax rate in Lavina, MT is 0.78%, 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 Lavina at $107,400, the typical annual property tax bill is $856, significantly below the national median of $2,690. Property taxes in Lavina are determined based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Lavina's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Lavina or another part of Golden Valley County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lavina, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$838
$777
Ownwell’s Lavina Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lavina with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lavina 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 Lavina, Montana
Property taxes in Lavina, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lavina is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Lavina set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lavina 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 Lavina's effective property tax rate to other counties in Montana and the national median. For comparison, the 59046 zip code has both the highest and the lowest median property tax rate of 0.78%. Understanding how these cities compare with Lavina provides valuable insights into the varying tax landscape across Golden Valley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lavina Tax Rate
0.78%
Average Golden Valley County Tax Rate
0.67%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lavina, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59046 | 0.72% | 0.75% | 0.78% | 0.80% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Lavina, Montana
In Lavina, 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 Golden Valley 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 Lavina, 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 zip code with the highest median tax bill in Lavina is 59046, with a median tax bill of $856. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lavina Assessed Value
$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 Assessment Values Across Lavina, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59046 | $14,158 | $44,760 | $107,400 | $191,400 | $362,231 |
Source: Ownwell
Property Tax Bills Across Lavina, Montana
In Lavina, located in Golden Valley County, MT, property tax bills are determined by several key factors. The primary component is the assessed value of the property, which is derived from the market value. For instance, with a median home price of $107,400, the assessed value is calculated and then multiplied by the local tax rate to determine the tax bill. The national median property tax rate is 0.99%, providing a benchmark for comparison. Homeowners in Lavina can expect their property tax bills to vary significantly. At the 25th percentile, tax bills are around $350, while at the 75th percentile, they can reach up to $1,566. For those at the 90th percentile, the tax bill can be as high as $3,056. These variations depend on the property's assessed value and the specific tax rate applied. Understanding these factors is crucial for homeowners as they directly influence the annual financial obligations tied to their properties. Comparing these figures with national trends helps homeowners gauge their local tax burden relative to other regions.
Average Lavina Tax Bill
$856
Average Golden Valley County Tax Bill
$729
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Lavina, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59046 | $124 | $350 | $856 | $1,566 | $3,056 |
Source: Ownwell