Anaconda, Granite County, Montana Property Taxes
The median property tax rate in Anaconda, MT is 0.57%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Anaconda at $374,300, the typical annual property tax bill is approximately $2,284, which is below the national median of $2,690. Property taxes in Anaconda are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Anaconda'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 Anaconda or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Anaconda, Granite County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$2,134
$1,980
Ownwell’s Anaconda Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Anaconda with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Anaconda to provide an estimate of your property tax bill. This valuable 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 Anaconda, Granite County, Montana
Property taxes in Anaconda, Montana, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Anaconda is 0.57%, which is significantly lower than the U.S. national median of 0.99%. Local government entities in Anaconda set these rates annually, and they can vary across different neighborhoods. Each year, Anaconda 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 Anaconda's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59711 has the highest median property tax rate of 0.57%, while the same zip code also has the lowest median tax rate of 0.57%. Understanding how these areas compare with Anaconda provides valuable insights into the varying tax landscape across Granite County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anaconda Tax Rate
0.57%
Average Granite County Tax Rate
0.61%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anaconda, Granite County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59711 | 0.50% | 0.53% | 0.57% | 0.63% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Anaconda, Granite County, Montana
In Anaconda, 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 Granite 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 Anaconda, 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 Anaconda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Anaconda are both $2,284, found in the 59711 zip code.
Property Tax Assessment Values Across Anaconda, Granite County, Montana
Source: Ownwell
$215,100
$294,700
$374,300
Average Anaconda Assessed Value
$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 Anaconda, Granite County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59711 | $9,864 | $191,300 | $374,300 | $616,400 | $931,194 |
Source: Ownwell
Property Tax Bills Across Anaconda, Granite County, Montana
In Anaconda, property tax bills are calculated based on the assessed value of a property, which is derived from its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors such as property size, location, and market conditions influence the assessed value. For homeowners, this means that fluctuations in the housing market can directly impact their property taxes. In Anaconda, the median home price is $374,300. Homeowners in the 25th percentile can expect a tax bill of around $1,316, while those in the 75th percentile might see bills as high as $3,469. At the 90th percentile, tax bills can reach up to $4,963. The highest and lowest median tax bills in the region are both $2,284, indicating a consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, Anaconda's property taxes provide a clear picture of how local assessments and market conditions affect homeowners' financial obligations.
Average Anaconda Tax Bill
$2,284
Average Granite County Tax Bill
$1,936
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Anaconda, Granite County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59711 | $159 | $1,316 | $2,284 | $3,469 | $4,963 |
Source: Ownwell