Saint Ignatius, Montana Property Taxes
The median property tax rate in Saint Ignatius, MT is 0.82%, which is slightly lower than the state median of 0.83% and below the national median of 0.99%. With the median home value in Saint Ignatius at $268,167, the typical annual property tax bill amounts to $2,596, which is also below the national median of $2,690. Property taxes in Saint Ignatius are calculated based on the tax assessed value, generally lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Saint Ignatius'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 Saint Ignatius or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Ignatius, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$2,199
Ownwell’s Saint Ignatius Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Ignatius with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Ignatius 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 Saint Ignatius, Montana
Property taxes in Saint Ignatius, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Ignatius is 0.82%, lower than both the Montana state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Saint Ignatius set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Ignatius 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 Saint Ignatius's effective property tax rate to other counties in Montana and the national median. For comparison, the 59865 zip code has the highest median property tax rate of 0.82%, while the 59865 zip code also has the lowest median tax rate of 0.82%. Understanding how these cities compare with Saint Ignatius 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 Saint Ignatius 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 Saint Ignatius, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59865 | 0.72% | 0.76% | 0.82% | 0.89% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Saint Ignatius, Montana
In Saint Ignatius, 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 local 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 Saint Ignatius, 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 Saint Ignatius helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills both stand at $2,596 in the 59865 zip code.
Property Tax Assessment Values Across Saint Ignatius, Montana
Source: Ownwell
$39,800
$546,350
$1,052,900
Average Saint Ignatius Assessed Value
$268,167
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 Saint Ignatius, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59865 | $27,104 | $179,421 | $268,167 | $413,050 | $554,000 |
Source: Ownwell
Property Tax Bills Across Saint Ignatius, Montana
In Saint Ignatius, located in Lake County, MT, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For instance, the tax bills in Saint Ignatius range from $1,782 at the 25th percentile to $5,199 at the 90th percentile, reflecting the variations in property values and assessment rates. Several factors influence the tax bill, including the property's location, size, and condition. Homeowners in Saint Ignatius experience a median tax bill of $2,596, which is relatively high compared to the national median property tax rate of 0.99%. These property taxes fund essential public services like schools, roads, and emergency services, directly impacting the community's quality of life. Understanding how these taxes are calculated can help homeowners better anticipate their annual financial obligations.
Average Saint Ignatius Tax Bill
$2,596
Average Lake County Tax Bill
$2,601
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Ignatius, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59865 | $489 | $1,782 | $2,596 | $3,688 | $5,199 |
Source: Ownwell