East Helena, Montana Property Taxes
The median property tax rate in East Helena, MT is 0.71%, lower than both the national median of 0.99% and Montana's state median of 0.83%. With the median home value in East Helena at $367,350, the typical annual property tax bill amounts to $2,623, which is below the national median of $2,690. Property taxes in East Helena are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding East Helena'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 East Helena or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
East Helena, 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 East Helena Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Helena with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Helena 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 East Helena, Montana
Property taxes in East Helena, Montana, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in East Helena is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within East Helena set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Helena 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 East Helena's effective property tax rate to other counties in Montana and the national median. For comparison, the ZIP code 59635 has the highest median property tax rate of 0.71%, while the same ZIP code also has the lowest median tax rate of 0.71%. Understanding how these cities compare with East Helena 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 East Helena Tax Rate
0.71%
Average Jefferson County Tax Rate
0.71%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Helena, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59635 | 0.62% | 0.67% | 0.71% | 0.73% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across East Helena, Montana
In East Helena, 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 East Helena, 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 East Helena helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In East Helena, the zip code 59635 has the highest median tax bill at $2,623, which is significantly above the national median property tax rate of 0.99%.
Average East Helena Assessed Value
$367,350
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 East Helena, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59635 | $87,815 | $211,798 | $367,350 | $447,250 | $557,269 |
Source: Ownwell
Property Tax Bills Across East Helena, Montana
In East Helena, property tax bills are calculated based on the assessed value of a home and the local property tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value and then applies an assessment ratio. For homeowners in Jefferson County, the median home price is $367,350. The property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and condition. For instance, in East Helena, the 25th percentile tax bill is $1,735, while the 75th percentile tax bill reaches $3,240, and the 90th percentile tax bill is $3,898. These figures indicate a range of tax burdens depending on the property's assessed value and specific attributes. Compared to the national median property tax rate of 0.99%, homeowners in East Helena experience varying tax bills that reflect local economic conditions and property values. This variability can significantly impact homeowners' financial planning and overall cost of living.
Average East Helena Tax Bill
$2,623
Average Jefferson County Tax Bill
$2,698
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across East Helena, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59635 | $663 | $1,735 | $2,623 | $3,240 | $3,898 |
Source: Ownwell