Whitlash, Montana Property Taxes
The median property tax rate in Whitlash, MT is 0.78%, which is lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $234,981 in Whitlash, the typical annual property tax bill amounts to $1,809, significantly below the national median of $2,690. Property taxes in Whitlash are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Whitlash'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 Whitlash or another part of Liberty County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Whitlash, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$1,833
$1,701
Ownwell’s Whitlash Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitlash with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitlash 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 Whitlash, Montana
Property taxes in Whitlash, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitlash is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Whitlash set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitlash 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 Whitlash's effective property tax rate to other areas in Montana and the national median. For comparison, the zip code 59545 has the highest median property tax rate of 0.78%, while the same zip code also has the lowest median tax rate of 0.78%. Understanding how these areas compare with Whitlash provides valuable insights into the varying tax landscape across Liberty County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitlash Tax Rate
0.78%
Average Liberty County Tax Rate
0.90%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitlash, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59545 | 0.73% | 0.74% | 0.78% | 0.84% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Whitlash, Montana
In Whitlash, 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 Liberty 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 Whitlash, 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 Whitlash helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Whitlash are both $1809, found in the 59545 zip code.
Average Whitlash Assessed Value
$234,981
Average Liberty County Assessed Value
$147,950
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whitlash, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59545 | $46,802 | $93,989 | $234,981 | $359,730 | $474,677 |
Source: Ownwell
Property Tax Bills Across Whitlash, Montana
In Whitlash, Liberty County, MT, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects a percentage of the home's market value. Homeowners in Whitlash can expect a range of property tax bills, with the 25th percentile at $913 and the 75th percentile at $3,125. For those at the higher end, the 90th percentile tax bill reaches $4,247. These tax bills are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Whitlash homeowners experience varying tax burdens depending on their property's value. This can significantly impact homeowners, as higher property taxes may affect overall affordability, while lower taxes can provide financial relief. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations and manage their finances effectively.
Average Whitlash Tax Bill
$1,809
Average Liberty County Tax Bill
$1,293
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitlash, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59545 | $332 | $913 | $1,809 | $3,125 | $4,247 |
Source: Ownwell