White Sulphur Springs, Montana Property Taxes
The median property tax rate in White Sulphur Springs, MT is 0.79%, which is lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in White Sulphur Springs at $208,208, the typical annual property tax bill amounts to $1,647, falling below the national median of $2,690. Property taxes in White Sulphur Springs are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding White Sulphur Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of White Sulphur Springs 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
White Sulphur Springs, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$1,645
$1,526
Ownwell’s White Sulphur Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in White Sulphur Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in White Sulphur Springs 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 White Sulphur Springs, Montana
Property taxes in White Sulphur Springs, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in White Sulphur Springs is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within White Sulphur Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Sulphur Springs 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 White Sulphur Springs' effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59645 has the highest median property tax rate of 0.79%, while the same zip code also has the lowest median tax rate of 0.79%. Understanding how these cities compare with White Sulphur Springs provides valuable insights into the varying tax landscape across Meagher County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average White Sulphur Springs Tax Rate
0.79%
Average Meagher County Tax Rate
0.79%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across White Sulphur Springs, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59645 | 0.65% | 0.66% | 0.79% | 0.83% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across White Sulphur Springs, Montana
In White Sulphur Springs, 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 Meagher 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 White Sulphur Springs, 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 White Sulphur Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 59645, amounting to $1,647.00.
Property Tax Assessment Values Across White Sulphur Springs, Montana
Source: Ownwell
$118,900
$207,467
$296,034
Average White Sulphur Springs Assessed Value
$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 White Sulphur Springs, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59645 | $39,700 | $93,467 | $208,208 | $325,744 | $483,739 |
Source: Ownwell
Property Tax Bills Across White Sulphur Springs, Montana
In White Sulphur Springs, located in Meagher County, MT, property tax bills are calculated based on the assessed value of a property and the local tax rate. The median home price in this area is $208,208. Homeowners' tax bills can vary significantly, influenced by factors such as property size, location, and improvements. For example, tax bills in the 25th percentile are around $764, while those in the 75th percentile reach up to $2,494. At the 90th percentile, homeowners might see tax bills as high as $3,592. These tax bills are determined by multiplying the assessed value of a home by the local tax rate, which is then used to fund essential community services like schools, infrastructure, and emergency services. The property tax rate in Meagher County can be compared to the national median property tax rate of 0.99%, providing a benchmark for homeowners to understand their tax obligations. This system ensures that property taxes are fairly distributed based on property values, directly impacting the financial responsibilities of homeowners in White Sulphur Springs.
Average White Sulphur Springs Tax Bill
$1,647
Average Meagher County Tax Bill
$1,532
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across White Sulphur Springs, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59645 | $339 | $764 | $1,647 | $2,494 | $3,592 |
Source: Ownwell