Whitehall, Montana Property Taxes
The median property tax rate in Whitehall, MT is 0.69%, notably lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $277,100 in Whitehall, the typical annual property tax bill amounts to $2,014, which is below the national median of $2,690. Property taxes in Whitehall are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Whitehall'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 Whitehall or another part of Jefferson County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Whitehall, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,912
Ownwell’s Whitehall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitehall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitehall 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 Whitehall, Montana
Property taxes in Whitehall, Montana, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitehall is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Whitehall set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitehall 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 Whitehall's effective property tax rate to other areas in Montana and the national median. For comparison, the zip code 59759 has both the highest and lowest median property tax rate in the region, standing at 0.69%. Understanding how these areas compare with Whitehall 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 Whitehall Tax Rate
0.69%
Average Jefferson County Tax Rate
0.71%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitehall, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59759 | 0.57% | 0.64% | 0.69% | 0.75% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Whitehall, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Whitehall, Montana. The market value represents 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 Whitehall, 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. The median home price here is $277,100, with tax bills ranging from $1,064 at the 25th percentile to $3,442 at the 90th percentile. Interestingly, the highest and lowest median tax bills are both $2,014, found in zip code 59759. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Whitehall Assessed Value
$277,100
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 Whitehall, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59759 | $23,544 | $132,968 | $277,100 | $401,925 | $524,747 |
Source: Ownwell
Property Tax Bills Across Whitehall, Montana
In Whitehall, Jefferson County, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value of the property, which is determined by the county assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $277,100, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Factors such as property improvements, location, and changes in market conditions can influence the assessed value, thereby affecting the tax bill. In Whitehall, the tax bills range significantly, with the 25th percentile at $1,064 and the 90th percentile reaching $3,442. The median tax bill in this area is notably higher than the national median property tax rate of 0.99%, reflecting the local economic conditions and property values. This variability in tax bills can have a substantial impact on homeowners, influencing their overall housing costs and financial planning.
Average Whitehall Tax Bill
$2,014
Average Jefferson County Tax Bill
$2,698
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitehall, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59759 | $341 | $1,064 | $2,014 | $2,719 | $3,442 |
Source: Ownwell