Clinton, Montana Property Taxes
The median property tax rate in Clinton, MT is 0.62%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Clinton at $355,800, the typical annual property tax bill is $2,200, which is below the national median of $2,690. Property taxes in Clinton are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Clinton'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 Clinton or another part of Granite County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clinton, Montana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,660
Ownwell’s Clinton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clinton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clinton 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 Clinton, Montana
Property taxes in Clinton, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clinton is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Clinton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clinton 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 Clinton's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59825 has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these areas compare with Clinton 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 Clinton Tax Rate
0.62%
Average Granite County Tax Rate
0.61%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clinton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59825 | 0.47% | 0.55% | 0.62% | 0.63% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Clinton, Montana
In Clinton, 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 Clinton, 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 Clinton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Clinton is $355,800. The highest and lowest median tax bills are both $2,200, found in the 59825 zip code. The tax bill at the 25th percentile is $1,447, while at the 75th percentile, it is $3,544. The 90th percentile tax bill reaches $5,219.
Average Clinton Assessed Value
$355,800
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 Clinton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59825 | $131,861 | $242,133 | $355,800 | $551,391 | $818,443 |
Source: Ownwell
Property Tax Bills Across Clinton, Montana
In Clinton, located in Granite County, MT, property tax bills are calculated based on the assessed value of the property. This assessed value is derived from the market value, which is determined by the local assessor's office. The property tax rate in Clinton is then applied to this assessed value to determine the annual tax bill. For homeowners in Clinton, several factors influence the final tax bill, including the property's market value, any applicable exemptions, and the specific tax rate set by the local government. The median home price in Clinton is $355,800, and property tax bills can vary significantly. For example, the 25th percentile tax bill is $1,447, while the 75th percentile tax bill reaches $3,544. At the 90th percentile, homeowners could see tax bills as high as $5,219. Compared to the national median property tax rate of 0.99%, Clinton's property tax rates can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Clinton Tax Bill
$2,200
Average Granite County Tax Bill
$1,936
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Clinton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59825 | $896 | $1,447 | $2,200 | $3,544 | $5,219 |
Source: Ownwell