Jefferson County Property Taxes
The median property tax rate in Jefferson County is 0.71%, which is lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $377,859, the typical annual property tax bill in Jefferson County is $2,698, slightly below the national median of $2,690. Property taxes in Jefferson 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 Jefferson 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 Boulder or another part of Jefferson County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jefferson County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$2,683
Ownwell’s Jefferson County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jefferson County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Jefferson 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 Jefferson County, Montana
Property taxes in Jefferson County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Jefferson County is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Jefferson County set these rates annually, and they can vary significantly between different areas within the county. Each year, Jefferson 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. For comparison, the city of Boulder has one of the higher property tax rates in Montana at 0.88%, while the city of Three Forks boasts one of the lowest at 0.65%. Analyzing how Jefferson County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Jefferson County Tax Rate
0.71%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jefferson County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Basin | 0.64% | 0.67% | 0.72% | 0.77% | 0.85% |
| Boulder | 0.72% | 0.77% | 0.88% | 0.92% | 1.00% |
| Butte | 0.74% | 0.76% | 0.79% | 0.84% | 0.93% |
| Cardwell | 0.63% | 0.65% | 0.67% | 0.72% | 0.83% |
| Clancy | 0.62% | 0.64% | 0.70% | 0.72% | 0.79% |
| East Helena | 0.62% | 0.67% | 0.71% | 0.73% | 0.83% |
| Jefferson City | 0.63% | 0.65% | 0.69% | 0.72% | 0.76% |
| Montana City | 0.56% | 0.62% | 0.66% | 0.67% | 0.67% |
| Three Forks | 0.62% | 0.64% | 0.65% | 0.69% | 0.80% |
| Whitehall | 0.57% | 0.64% | 0.69% | 0.75% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Jefferson County, Montana
In Jefferson 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 Jefferson 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 Jefferson 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 Jefferson County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In this county, Clancy has the highest median tax bill at $3,673, while Basin has the lowest at $1,068.
Property Tax Assessment Values Across Jefferson County, Montana
Source: Ownwell
$144,667
$349,492
$554,316
Average Jefferson County Assessed Value
$377,859
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jefferson County, Montana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Basin | $15,861 | $80,820 | $144,667 | $251,652 | $360,918 |
| Boulder | $12,806 | $86,250 | $219,400 | $313,513 | $450,830 |
| Butte | $82,302 | $134,669 | $212,859 | $375,384 | $460,528 |
| Cardwell | $56,468 | $217,234 | $337,962 | $519,640 | $781,759 |
| Clancy | $266,093 | $437,900 | $542,300 | $680,234 | $849,490 |
| East Helena | $87,815 | $211,798 | $367,350 | $447,250 | $557,269 |
| Jefferson City | $46,538 | $152,179 | $416,438 | $597,043 | $725,420 |
| Montana City | $122,568 | $164,881 | $193,122 | $325,371 | $554,897 |
| Three Forks | $171,744 | $331,578 | $554,316 | $685,909 | $904,353 |
| Whitehall | $23,544 | $132,968 | $277,100 | $401,925 | $524,747 |
Source: Ownwell
Property Tax Bills Across Jefferson County, Montana
In Jefferson County, MT, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Jefferson County is $377,859. Homeowners' tax bills can vary widely, influenced by factors such as property location and specific exemptions. For instance, the tax bill at the 25th percentile is $1,455, while at the 75th percentile, it rises to $3,801, and at the 90th percentile, it reaches $5,163. The county's property tax rate is compared to the national median rate of 0.99%. In Jefferson County, the highest median tax bill is found in Clancy at $3,673, while the lowest is in Basin at $1,068. These variations significantly impact homeowners, affecting their annual financial planning and the overall affordability of their homes. Understanding how these factors interplay can help homeowners anticipate their tax obligations and manage their finances more effectively.
Average Jefferson County Tax Bill
$2,698
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Jefferson County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Basin | $168 | $595 | $1,068 | $1,798 | $2,434 |
| Boulder | $335 | $1,028 | $1,978 | $2,694 | $3,673 |
| Butte | $752 | $1,131 | $1,742 | $2,852 | $3,504 |
| Cardwell | $790 | $1,528 | $2,289 | $3,536 | $5,062 |
| Clancy | $1,831 | $2,940 | $3,673 | $4,782 | $6,085 |
| East Helena | $663 | $1,735 | $2,623 | $3,240 | $3,898 |
| Jefferson City | $544 | $1,264 | $2,826 | $4,043 | $4,932 |
| Montana City | $733 | $892 | $1,157 | $2,164 | $3,657 |
| Three Forks | $1,630 | $2,485 | $3,644 | $4,556 | $5,814 |
| Whitehall | $341 | $1,064 | $2,014 | $2,719 | $3,442 |
Source: Ownwell