Polson, Lake County, Montana Property Taxes

Name: Property Tax Bills Across Polson, Lake County, Montana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Polson, MT effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the Montana state median of 0.83%.
Median Polson, MT home value: $380,100
Median annual Polson, MT tax bill: $2,722, $322 higher than the national median property tax bill of $2,400.

How are property taxes in Lake County calculated?

Property taxes in Polson, MT are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Polson’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Polson, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Polson, Lake County, Montana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.68%

Estimate Property Tax Bill

$2,585

$2,399

Ownwell’s Polson Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Polson with just two data points. By entering your property's estimated assessed value, our calculator applies Polson’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lake County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Polson, Lake County, Montana

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Polson’s effective property tax rate to other cities in Montana and the median property tax rates in Montana and the U.S. Polson, located in Lake County, has an effective property tax rate of 0.68%, aligning with the highest and lowest median tax rates within the area. This rate is significantly lower than the national median property tax rate of 1.02%, offering a more favorable tax environment for property owners. With the national median property tax bill at $2400, Polson’s property tax landscape presents potential savings for homeowners, making it an attractive option for those considering relocation.

Property Tax Rates Across Polson, Lake County, Montana

Source: Ownwell

0.50%

0.70%

0.90%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Polson Tax Rate

0.68%

Median Effective Lake County Tax Rate

0.67%

Median Effective Montana Tax Rate

0.83%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Polson, Lake County, Montana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
59860	0.61%	0.63%	0.68%	0.79%	0.84%

Source: Ownwell

Property Tax Assessment Values Across Polson, Lake County, Montana

When examining property taxes in Polson, Montana, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Lake County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Lake County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Polson. For example, the median home price in Polson is $380,100, with tax bills ranging significantly across the county. ZIP code 59860 has the highest median home price at $380,100.

Property Tax Assessment Values Across Polson, Lake County, Montana

Source: Ownwell

$39,800

$546,350

$1,052,900

Median Polson Market Value

$380,100

Median Lake County Market Value

$340,373

Median Montana Market Value

$317,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Polson, Lake County, Montana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
59860	$72,327	$225,000	$380,100	$610,400	$997,309

Source: Ownwell

Property Tax Bills Across Polson, Lake County, Montana

In Polson, located in Lake County, MT, property tax bills are determined based on the assessed value of homes. The local tax rate is applied to this assessed value, which is a percentage of the market value, to calculate the tax bill. Factors such as property location, size, and improvements can influence the assessed value. Homeowners in Polson face a median property tax bill of $2,722, slightly above the national median of $2,400. This can put a financial strain on homeowners, especially when the tax bill reaches the 90th percentile of $6,487. Ownwell assists homeowners by offering property tax appeal services that aim to reduce their tax burden. By analyzing the assessed value and comparing it with similar properties, Ownwell identifies potential discrepancies and files appeals on behalf of homeowners. This service can lead to significant savings, making homeownership more affordable and less stressful.

Property Tax Bills Across Polson, Lake County, Montana

Source: Ownwell

$724

$2,882

$5,040

Median Polson Tax Bill

$2,722

Median Lake County Tax Bill

$2,601

Median Montana Tax Bill

$2,646

Median United States Tax Bill

$2,400

Property Tax Bills Across Polson, Lake County, Montana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
59860	$662	$1,800	$2,722	$4,203	$6,487

Source: Ownwell