Raynesford, Montana Property Taxes
The median property tax rate in Raynesford, MT is 0.46%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $148,876 in Raynesford, the typical annual property tax bill is $699, which is well below the national median of $2,690. Property taxes in Raynesford are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Raynesford'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 Raynesford or another part of Judith Basin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Raynesford, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$685
Ownwell’s Raynesford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Raynesford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Raynesford 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 Raynesford, Montana
Property taxes in Raynesford, Montana, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Raynesford is 0.46%, which is lower than the U.S. national median of 0.99%. Local government entities within Raynesford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Raynesford 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 Raynesford's effective property tax rate to other counties in Montana and the national median. For comparison, the 59469 zip code has the highest median property tax rate of 0.46%, while the same zip code also has the lowest median tax rate of 0.46%. Understanding how these cities compare with Raynesford provides valuable insights into the varying tax landscape across Judith Basin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Raynesford Tax Rate
0.46%
Average Judith Basin County Tax Rate
0.56%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Raynesford, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59469 | 0.46% | 0.46% | 0.46% | 0.48% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Raynesford, Montana
In Raynesford, 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 Judith Basin 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 Raynesford, 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. Raynesford's median home price is $148,876, with property tax bills ranging from $301 at the 25th percentile to $2,026 at the 90th percentile. The zip code 59469 has the highest and lowest median tax bill of $699. Being aware of these valuation processes in Raynesford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Raynesford Assessed Value
$148,876
Average Judith Basin County Assessed Value
$105,348
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Raynesford, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59469 | $14,474 | $54,592 | $148,876 | $282,100 | $423,318 |
Source: Ownwell
Property Tax Bills Across Raynesford, Montana
In Raynesford, located in Judith Basin County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Raynesford can expect their tax bills to vary significantly; for instance, the 25th percentile tax bill is around $301, while the 75th percentile reaches $1,376. The 90th percentile tax bill can go up to $2,026, reflecting the variation in property values and assessments. Several factors influence the property tax bill, including the property's location, size, and any improvements made. Compared to the national median property tax rate of 0.99%, Raynesford's rates can be seen as relatively moderate. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances effectively. The highest and lowest median tax bills in the area are both $699, indicating a consistent tax rate within the zip code 59469.
Average Raynesford Tax Bill
$699
Average Judith Basin County Tax Bill
$694
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Raynesford, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59469 | $76 | $301 | $699 | $1,376 | $2,026 |
Source: Ownwell