Lincoln County, Montana Property Taxes
The median property tax rate in Lincoln County is 0.68%, 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 $263,200 in Lincoln County, the typical annual property tax bill amounts to $1,776, significantly below the national median of $2,690. Property taxes in Lincoln County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Lincoln County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Libby or another part of Lincoln County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lincoln County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$1,790
$1,661
Ownwell’s Lincoln County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Lincoln County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lincoln County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Lincoln County, Montana
Property taxes in Lincoln County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lincoln County is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Lincoln County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lincoln County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Lincoln County's effective property tax rate with other areas and the national median. For comparison, the city of Troy has one of the higher property tax rates in the region at 0.86%, while the city of Trego boasts one of the lowest at 0.58%. Analyzing how Lincoln County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lincoln County Tax Rate
0.68%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Lincoln County, Montana
In Lincoln County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Lincoln County Appraisal District. The assessed value, however, 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. Assessment notices in Lincoln County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Eureka has the highest median tax bill at $2,040, while Stryker has the lowest at $1,078. Being aware of these valuation processes in Lincoln County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Lincoln County, Montana
Source: Ownwell
$180,326
$264,959
$349,592
Average Lincoln County Assessed Value
$263,200
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lincoln County, Montana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Eureka | $39,602 | $181,898 | $323,638 | $486,938 | $673,020 |
| Fortine | $82,330 | $202,658 | $309,100 | $417,100 | $539,936 |
| Libby | $15,850 | $125,400 | $223,100 | $335,700 | $468,200 |
| Rexford | $113,780 | $249,450 | $349,592 | $494,609 | $622,800 |
| Stryker | $45,220 | $104,665 | $180,326 | $281,796 | $538,416 |
| Trego | $29,608 | $151,520 | $290,219 | $413,357 | $675,648 |
| Troy | $18,434 | $128,180 | $255,807 | $376,200 | $510,691 |
Source: Ownwell
Property Tax Bills Across Lincoln County, Montana
In Lincoln County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the county's tax rate to determine the annual tax bill. For instance, with a median home price of $263,200, the tax bill can vary significantly across different percentiles. At the 25th percentile, homeowners might pay around $902, while those at the 75th and 90th percentiles could see bills of $2,642 and $3,675, respectively. Several factors influence these variations, including property location, improvements, and local levies. For example, homeowners in Eureka face a higher median tax bill of $2,040, compared to $1,078 in Stryker. These tax bills impact homeowners' finances, influencing decisions on property purchases and long-term investments. With the national median property tax rate at 0.99%, homeowners in Lincoln County experience a diverse range of tax obligations depending on their specific circumstances.
Average Lincoln County Tax Bill
$1,776
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Lincoln County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Eureka | $294 | $1,180 | $2,040 | $2,931 | $3,985 |
| Fortine | $236 | $1,171 | $1,873 | $2,537 | $3,282 |
| Libby | $117 | $635 | $1,560 | $2,344 | $3,240 |
| Rexford | $537 | $1,390 | $2,039 | $2,872 | $3,642 |
| Stryker | $248 | $615 | $1,078 | $1,790 | $3,162 |
| Trego | $163 | $747 | $1,555 | $2,368 | $3,809 |
| Troy | $184 | $907 | $1,921 | $2,975 | $4,234 |
Source: Ownwell