Meagher County, Montana Property Taxes
The median property tax rate in Meagher County is 0.79%, 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 $188,100 in Meagher County, the typical annual property tax bill is approximately $1,532, well below the national median of $2,690. Property taxes in Meagher County are calculated based on the assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding the specific property tax system in Meagher County, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you reside in a city within Meagher County or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Meagher County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$1,486
$1,379
Ownwell’s Meagher County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Meagher County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Meagher 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 Meagher County, Montana
Property taxes in Meagher County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Meagher County is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Meagher County set these rates annually, and they can vary significantly between different areas within the county. Each year, Meagher 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 Meagher County's effective property tax rate with other counties and the national median. For comparison, the city of White Sulphur Springs has one of the higher property tax rates in the region at 0.96%, while the city of Wilsall boasts one of the lowest at 0.65%. Analyzing how Meagher County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Meagher County Tax Rate
0.79%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meagher County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Martinsdale | 0.66% | 0.67% | 0.77% | 0.83% | 0.89% |
| Ringling | 0.65% | 0.66% | 0.74% | 0.79% | 1.04% |
| White Sulphur Springs | 0.65% | 0.66% | 0.79% | 0.83% | 0.96% |
| Wht Sphr Spgs | N/A | N/A | N/A | N/A | N/A |
| Wilsall | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Meagher County, Montana
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Meagher County. 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 Meagher 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 Meagher 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, Wilsall has the highest median tax bill at $1,931, while Ringling has the lowest at $973. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Meagher County, Montana
Source: Ownwell
$118,900
$163,554
$208,208
Average Meagher County Assessed Value
$188,100
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Meagher County, Montana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Martinsdale | $42,625 | $69,100 | $137,300 | $206,725 | $349,365 |
| Ringling | $10,545 | $16,795 | $118,900 | $264,828 | $409,886 |
| White Sulphur Springs | $39,700 | $93,467 | $208,208 | $325,744 | $483,739 |
| Wht Sphr Spgs | N/A | N/A | N/A | N/A | N/A |
| Wilsall | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Meagher County, Montana
In Meagher County, MT, property tax bills are determined by a combination of the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, which in Meagher County has a median home price of $188,100. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. Several factors influence the final tax bill, including property location, improvements, and exemptions. For instance, tax bills in Meagher County can vary significantly, with the 25th percentile at $690 and the 75th percentile at $2,384. The 90th percentile tax bill can reach up to $3,495. Homeowners in cities like Wilsall face the highest median tax bill at $1,931, while those in Ringling encounter the lowest at $973. These variations can impact homeowners' financial planning and property affordability, making it essential to understand how local assessments and tax rates affect their annual obligations.
Average Meagher County Tax Bill
$1,532
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Meagher County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Martinsdale | $324 | $566 | $1,038 | $1,626 | $2,459 |
| Ringling | $82 | $191 | $973 | $2,003 | $2,756 |
| White Sulphur Springs | $339 | $764 | $1,647 | $2,494 | $3,592 |
| Wht Sphr Spgs | N/A | N/A | N/A | N/A | N/A |
| Wilsall | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell