Alberton, Montana Property Taxes
The median property tax rate in Alberton, MT is 0.80%, 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 $229,000 in Alberton, the typical annual property tax bill is $2,131, slightly below the national median of $2,690. Property taxes in Alberton are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Alberton'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 Alberton or another part of Mineral County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alberton, Montana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,660
Ownwell’s Alberton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alberton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alberton 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 Alberton, Montana
Property taxes in Alberton, Montana, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Alberton is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Alberton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alberton 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 Alberton's effective property tax rate to other areas in Montana and the national median. For comparison, the zip code 59820 has both the highest and lowest median property tax rate of 0.80%, reflecting a uniform rate across this region. Understanding how these areas compare with Alberton provides valuable insights into the varying tax landscape across Mineral County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alberton Tax Rate
0.80%
Average Mineral County Tax Rate
0.79%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alberton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59820 | 0.71% | 0.79% | 0.80% | 1.00% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Alberton, Montana
In Alberton, 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 Mineral 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 Alberton, 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 Alberton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Alberton is 59820, with a median tax bill of $2131.
Average Alberton Assessed Value
$229,000
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 Alberton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59820 | $38,060 | $142,221 | $229,000 | $346,000 | $469,181 |
Source: Ownwell
Property Tax Bills Across Alberton, Montana
In Alberton, located in Mineral County, MT, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and is a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Alberton is $229,000, and homeowners can expect tax bills that vary significantly based on their property's assessed value and location within the city. For instance, tax bills can range from the 25th percentile at $1,319 to the 90th percentile at $3,854. The highest median tax bill in the area is $2,131, which is consistent across zip code 59820. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Comparatively, the national median property tax rate stands at 0.99%, providing a benchmark for understanding local tax burdens.
Average Alberton Tax Bill
$2,131
Average Mineral County Tax Bill
$1,827
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Alberton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59820 | $452 | $1,319 | $2,131 | $2,907 | $3,854 |
Source: Ownwell