Boulder, Montana Property Taxes
The median property tax rate in Boulder, MT is 0.88%, slightly lower than the national median of 0.99% but higher than Montana's state median of 0.83%. With a median home value of $219,400 in Boulder, the typical annual property tax bill amounts to $1,978, which is below the national median of $2,690. Property taxes in Boulder are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Boulder'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 Boulder or elsewhere in the city, grasping the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Boulder, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,931
$1,792
Ownwell’s Boulder Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boulder with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boulder 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 Boulder, Montana
Property taxes in Boulder, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boulder is 0.88%, which is slightly below the U.S. national median of 0.99%. Local government entities within Boulder set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boulder 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 Boulder's effective property tax rate to other counties in Montana and the national median. For comparison, the 59632 zip code has the highest median property tax rate of 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Boulder provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boulder Tax Rate
0.88%
Average Jefferson County Tax Rate
0.71%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boulder, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59632 | 0.72% | 0.77% | 0.88% | 0.92% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Boulder, Montana
In Boulder, 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 Jefferson 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 Boulder, 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 Boulder helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 59632 has both the highest and lowest median tax bill, which is $1,978.
Average Boulder Assessed Value
$219,400
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 Boulder, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59632 | $12,806 | $86,250 | $219,400 | $313,513 | $450,830 |
Source: Ownwell
Property Tax Bills Across Boulder, Montana
In Boulder, located in Jefferson County, MT, property tax bills are determined by a combination of the property's assessed value and the local tax rate. The assessed value is typically a percentage of the market value of the home. For instance, with a median home price of $219,400, the assessed value is calculated, and then the local tax rate is applied to this figure. Factors that influence the tax bill include the property's location, size, and any applicable exemptions. Homeowners in Boulder can expect their tax bills to vary significantly. For example, tax bills in the 25th percentile are around $1,028, while those in the 75th percentile can reach up to $2,694. At the 90th percentile, tax bills can go as high as $3,673. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in Boulder. Understanding these factors helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average Boulder Tax Bill
$1,978
Average Jefferson County Tax Bill
$2,698
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Boulder, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59632 | $335 | $1,028 | $1,978 | $2,694 | $3,673 |
Source: Ownwell