Cascade, Lewis And Clark County, Montana Property Taxes
The median property tax rate in Cascade, MT is 0.65%, notably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Cascade, the typical annual property tax bill is $1,532, significantly below the national median of $2,690. Property taxes in Cascade are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cascade'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 Cascade 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
Cascade, Lewis And Clark County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$1,535
$1,425
Ownwell’s Cascade Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cascade with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cascade 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 Cascade, Lewis And Clark County, Montana
Property taxes in Cascade, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cascade is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Cascade set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cascade 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 Cascade's effective property tax rate to other areas in Montana and the national median. For comparison, the zip code 59421 has both the highest and the lowest median property tax rate of 0.65%. Understanding how these areas compare with Cascade 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 Cascade Tax Rate
0.65%
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 Cascade, Lewis And Clark County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59421 | 0.59% | 0.63% | 0.65% | 0.66% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Cascade, Lewis And Clark County, Montana
In Cascade, 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 Cascade, 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 Cascade helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Cascade is $1,532 in zip code 59421, while the lowest median tax bill is also $1,532 in the same zip code.
Property Tax Assessment Values Across Cascade, Lewis And Clark County, Montana
Source: Ownwell
$169,010
$271,855
$374,700
Average Cascade Assessed Value
$236,196
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 Cascade, Lewis And Clark County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59421 | $78,795 | $140,273 | $236,196 | $381,200 | $559,316 |
Source: Ownwell
Property Tax Bills Across Cascade, Lewis And Clark County, Montana
In Cascade, located in Lewis and Clark County, MT, property tax bills are calculated based on the assessed value of a home. The median home price in Cascade is $236,196. Property taxes are determined by multiplying the assessed value by the local tax rate, which varies by jurisdiction. Homeowners in Cascade can expect their tax bills to vary significantly, with the 25th percentile at $873 and the 75th percentile reaching $2,329. At the higher end, the 90th percentile tax bill is $3,550. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Cascade's rates can produce a wide range of tax bills, impacting homeowners differently based on their property's assessed value. Understanding these factors helps homeowners anticipate their tax obligations and plan accordingly.
Average Cascade Tax Bill
$1,532
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 Cascade, Lewis And Clark County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59421 | $446 | $873 | $1,532 | $2,329 | $3,550 |
Source: Ownwell