Mineral County, Montana Property Taxes
The median property tax rate in Mineral County 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 Mineral County at $209,700, the typical annual property tax bill is $1,827, significantly less than the national median of $2,690. Property taxes in Mineral County are calculated based on the tax assessed value, which is often below the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Mineral County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Superior or another part of Mineral County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mineral County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$1,657
$1,537
Ownwell’s Mineral County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Mineral County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Mineral 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 Mineral County, Montana
Property taxes in Mineral County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Mineral County is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Mineral County set these rates annually, and they can vary significantly between different areas within the county. Each year, Mineral 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 Mineral County's effective property tax rate with other areas in Montana and the national median. For comparison, the city of Alberton has one of the higher property tax rates in Montana at 0.80%, while the city of Saltese boasts one of the lowest at 0.74%. Analyzing how Mineral County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Mineral County Tax Rate
0.79%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Mineral County, Montana
In Mineral 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 Mineral 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 Mineral 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. Being aware of these valuation processes in Mineral County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. The highest median tax bill in the county is $2,131 in Alberton, while Saltese has the lowest at $1,404.
Property Tax Assessment Values Across Mineral County, Montana
Source: Ownwell
$200,900
$218,147
$235,394
Average Mineral County Assessed Value
$209,700
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mineral County, Montana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alberton | $38,060 | $142,221 | $229,000 | $346,000 | $469,181 |
| De Borgia | $10,100 | $98,561 | $220,282 | $326,154 | $444,800 |
| Haugan | $29,900 | $157,188 | $235,394 | $324,000 | $429,600 |
| Saint Regis | $7,780 | $62,362 | $209,458 | $361,200 | $488,140 |
| Saltese | $74,232 | $111,841 | $208,734 | $251,760 | $341,990 |
| Superior | $11,300 | $75,844 | $200,900 | $315,200 | $421,759 |
Source: Ownwell
Property Tax Bills Across Mineral County, Montana
In Mineral County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value, and this percentage can vary. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. For homeowners, the property tax bill can vary significantly. In Mineral County, the median home price is $209,700. Tax bills can range widely, with the 25th percentile at $913 and the 75th percentile reaching $2,705. The 90th percentile tax bill is $3,619, indicating that some homeowners pay significantly more. Within the county, Alberton has the highest median tax bill at $2,131, while Saltese has the lowest at $1,404. These variations can impact homeowners' financial planning and overall cost of living, making it essential to understand how property taxes are calculated and what factors influence them.
Average Mineral County Tax Bill
$1,827
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690