Arlee, Lake County, Montana Property Taxes
The median property tax rate in Arlee, MT is 0.82%, slightly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Arlee, the typical annual property tax bill reaches $2,426, which is below the national median of $2,690. Property taxes in Arlee are calculated based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Arlee'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 Arlee or another part of Lake County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arlee, Lake County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$1,769
$1,642
Ownwell’s Arlee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arlee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arlee 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 Arlee, Lake County, Montana
Property taxes in Arlee, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arlee is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Arlee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arlee 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 Arlee's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59821 in Lake County has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these cities compare with Arlee provides valuable insights into the varying tax landscape across Lake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arlee Tax Rate
0.82%
Average Lake County Tax Rate
0.67%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arlee, Lake County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59821 | 0.70% | 0.77% | 0.82% | 0.88% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Arlee, Lake County, Montana
In Arlee, 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 Lake 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 Arlee, 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 Arlee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,426 in the 59821 zip code, with tax bills ranging from $1,395 at the 25th percentile to $4,251 at the 90th percentile.
Property Tax Assessment Values Across Arlee, Lake County, Montana
Source: Ownwell
$39,800
$546,350
$1,052,900
Average Arlee Assessed Value
$215,788
Average Lake County Assessed Value
$340,373
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arlee, Lake County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59821 | $8,200 | $80,600 | $215,788 | $364,589 | $468,714 |
Source: Ownwell
Property Tax Bills Across Arlee, Lake County, Montana
In Arlee, located in Lake County, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office and is often a percentage of the market value. Homeowners in Arlee can expect tax bills that vary significantly depending on their property’s assessed value and specific tax rates applied. For instance, the median home price in Arlee is $215,788. Property tax bills can range widely, with the 25th percentile at $1,395 and the 75th percentile reaching $3,323. At the higher end, the 90th percentile tax bill can be as much as $4,251. These figures highlight how property taxes can impact homeowners differently, depending on their property’s value and the specific tax rates in their area. Compared to the national median property tax rate of 0.99%, the property tax rates in Arlee can be seen as relatively variable, affecting homeowners' annual financial planning and overall housing affordability.
Average Arlee Tax Bill
$2,426
Average Lake County Tax Bill
$2,601
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Arlee, Lake County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59821 | $331 | $1,395 | $2,426 | $3,323 | $4,251 |
Source: Ownwell