Augusta, Montana Property Taxes
The median property tax rate in Augusta, MT is 0.79%, which is notably lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $169,010 in Augusta, the typical annual property tax bill amounts to $1,312, significantly below the national median of $2,690. Property taxes in Augusta are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Augusta'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 Augusta or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Augusta, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$1,335
Ownwell’s Augusta Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Augusta. By entering your property's estimated assessed value, the calculator applies the median tax rate in Augusta to provide an accurate estimate of your property tax bill. This user-friendly tool helps you understand your potential tax liabilities with ease. For those interested in more localized insights, scroll down to access neighborhood-specific information. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Augusta, Montana
Property taxes in Augusta, Montana, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Augusta is 0.79%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Augusta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Augusta 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 Augusta's effective property tax rate to other regions in Montana and the national median. For comparison, the zip code 59410 has both the highest and lowest median property tax rate of 0.79%, illustrating the uniformity of tax rates within this area. Understanding how these figures compare with Augusta provides valuable insights into the varying tax landscape across Lewis and Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Augusta Tax Rate
0.79%
Average Lewis And Clark County Tax Rate
0.95%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Augusta, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59410 | 0.76% | 0.76% | 0.79% | 0.79% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Augusta, Montana
In Augusta, 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 Lewis and Clark 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 Augusta, 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 Augusta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both in the 59410 zip code, with a median tax bill of $1,312.
Average Augusta Assessed Value
$169,010
Average Lewis And Clark County Assessed Value
$345,065
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Augusta, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59410 | $43,300 | $70,235 | $169,010 | $270,234 | $404,000 |
Source: Ownwell
Property Tax Bills Across Augusta, Montana
In Augusta, located in Lewis and Clark 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 local government assessors who evaluate the market value of the property. This value is then multiplied by the county's tax rate to determine the annual tax bill. For instance, with a median home price of $169,010, homeowners can expect varying tax bills. The 25th percentile tax bill is around $523, while the 75th percentile reaches $2,140, and the 90th percentile can go up to $3,148. These figures illustrate how property tax bills can significantly affect homeowners, influencing their annual financial planning. Compared to the national median property tax rate of 0.99%, Augusta's rates provide a range of financial obligations for its residents, reflecting the diverse property values within the area. The highest and lowest median tax bills in the region both stand at $1,312, indicating some consistency in certain zip codes.
Average Augusta Tax Bill
$1,312
Average Lewis And Clark County Tax Bill
$3,454
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Augusta, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59410 | $328 | $523 | $1,312 | $2,140 | $3,148 |
Source: Ownwell