Shawmut, Montana Property Taxes
The median property tax rate in Shawmut, MT is 0.61%, notably lower than both the national median of 0.99% and Montana's state median of 0.83%. With a median home value of $133,538 in Shawmut, the typical annual property tax bill amounts to $844, which is significantly below the national median of $2,690. Property taxes in Shawmut are calculated based on the assessed value, which usually falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Shawmut'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 Shawmut or another part of Golden Valley County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shawmut, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$815
$756
Ownwell’s Shawmut Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shawmut with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shawmut 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 Shawmut, Montana
Property taxes in Shawmut, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shawmut is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within Shawmut set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shawmut 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 Shawmut's effective property tax rate to other counties in Montana and the national median. For comparison, the 59078 zip code has both the highest and lowest median property tax rate of 0.61%. Understanding how these cities compare with Shawmut 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 Shawmut Tax Rate
0.61%
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 Shawmut, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59078 | 0.59% | 0.60% | 0.61% | 0.62% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Shawmut, Montana
In Shawmut, 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 Shawmut, 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 Shawmut helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Shawmut is $844 in the 59078 zip code, while the lowest median tax bill is also $844 in the same zip code.
Average Shawmut Assessed Value
$133,538
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 Shawmut, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59078 | $49,172 | $80,809 | $133,538 | $186,268 | $217,905 |
Source: Ownwell
Property Tax Bills Across Shawmut, Montana
In Shawmut, located in Golden Valley County, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Shawmut is $133,538. Tax authorities assess the property value and apply the local tax rate to determine the annual tax bill. Homeowners in Shawmut typically see tax bills ranging from $504 at the 25th percentile to $1,184 at the 75th percentile, with the 90th percentile reaching up to $1,388. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Shawmut's rates can be considered relatively moderate. These taxes are essential for funding local services such as schools, public safety, and infrastructure. For homeowners, understanding how these bills are calculated helps in financial planning and ensures they are prepared for annual tax obligations.
Average Shawmut Tax Bill
$844
Average Golden Valley County Tax Bill
$729
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Shawmut, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59078 | $300 | $504 | $844 | $1,184 | $1,388 |
Source: Ownwell