Granite County, Montana Property Taxes
The median property tax rate in Granite County is 0.61%, which is significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $300,954 in Granite County, the typical annual property tax bill is $1,936, which is well below the national median of $2,690. Property taxes in Granite County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Granite 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 Philipsburg or another part of Granite County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Granite County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$1,836
$1,704
Ownwell’s Granite County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Granite County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Granite County 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 Granite County, Montana
Property taxes in Granite County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Granite County is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within Granite County set these rates annually, and they can vary significantly between different areas within the county. Each year, Granite 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 Granite County's effective property tax rate with other areas in Montana and the national median. For comparison, the city of Drummond has one of the higher property tax rates in Montana at 0.68%, while the city of Anaconda boasts one of the lowest at 0.57%. Analyzing how Granite County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Granite County Tax Rate
0.61%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Granite County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anaconda | 0.50% | 0.53% | 0.57% | 0.63% | 0.66% |
| Clinton | 0.47% | 0.55% | 0.62% | 0.63% | 0.70% |
| Drummond | 0.54% | 0.62% | 0.68% | 0.89% | 0.99% |
| Gold Creek | N/A | N/A | N/A | N/A | N/A |
| Hall | 0.50% | 0.54% | 0.58% | 0.65% | 0.70% |
| Philipsburg | 0.50% | 0.53% | 0.61% | 0.66% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Granite County, Montana
In Granite County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Granite 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 Granite 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. 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 Granite County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For instance, Anaconda has the highest median tax bill at $2,284, while Gold Creek has the lowest at $1,507.
Property Tax Assessment Values Across Granite County, Montana
Source: Ownwell
$215,100
$294,700
$374,300
Average Granite County Assessed Value
$300,954
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Granite County, Montana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anaconda | $9,864 | $191,300 | $374,300 | $616,400 | $931,194 |
| Clinton | $131,861 | $242,133 | $355,800 | $551,391 | $818,443 |
| Drummond | $14,750 | $116,076 | $215,100 | $330,600 | $494,575 |
| Gold Creek | N/A | N/A | N/A | N/A | N/A |
| Hall | $66,015 | $210,286 | $351,464 | $542,107 | $782,951 |
| Philipsburg | $68,344 | $160,475 | $285,794 | $466,300 | $712,054 |
Source: Ownwell
Property Tax Bills Across Granite County, Montana
In Granite County, MT, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in this region is $300,954. Property tax rates are applied to this assessed value to calculate the tax bill. Factors such as local government budgets, school funding, and public services influence the tax rate. Homeowners in Granite County experience a range of property tax bills. For instance, those at the 25th percentile pay around $1,129, while those at the 75th percentile face bills closer to $2,948. At the higher end, the 90th percentile sees tax bills reaching up to $4,350. Comparatively, the national median property tax rate is 0.99%. In Granite County, the highest median tax bill is in Anaconda at $2,284, whereas Gold Creek has the lowest at $1,507. These variations show how property taxes can significantly impact homeowners, depending on their property's assessed value and location within the county.
Average Granite County Tax Bill
$1,936
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Granite County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anaconda | $159 | $1,316 | $2,284 | $3,469 | $4,963 |
| Clinton | $896 | $1,447 | $2,200 | $3,544 | $5,219 |
| Drummond | $426 | $972 | $1,793 | $2,516 | $3,400 |
| Gold Creek | N/A | N/A | N/A | N/A | N/A |
| Hall | $562 | $1,218 | $2,051 | $3,253 | $4,691 |
| Philipsburg | $506 | $1,066 | $1,795 | $2,738 | $4,017 |
Source: Ownwell