De Borgia, Montana Property Taxes
The median property tax rate in De Borgia, MT is 0.74%, 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 $220,282 in De Borgia, the typical annual property tax bill is approximately $1,614, significantly less than the national median of $2,690. Property taxes in De Borgia are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding De Borgia's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of De Borgia or another part of Mineral County, familiarizing yourself with the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
De Borgia, 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 De Borgia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in De Borgia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in De Borgia 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 De Borgia, Montana
Property taxes in De Borgia, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in De Borgia is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within De Borgia set these rates annually, and they can vary significantly across different neighborhoods. Each year, De Borgia 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 De Borgia's effective property tax rate to other areas in Montana and the national median. For comparison, the zip code 59830 has both the highest and lowest median property tax rate of 0.74%. Understanding how these cities compare with De Borgia 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 De Borgia Tax Rate
0.74%
Average Mineral County Tax Rate
0.79%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Borgia, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59830 | 0.48% | 0.69% | 0.74% | 0.75% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across De Borgia, Montana
In De Borgia, 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 De Borgia, 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. The median home price in De Borgia is $220,282, with the 25th percentile tax bill at $895 and the 75th percentile tax bill at $2,381. The highest and lowest median tax bills are both $1,614, found in zip code 59830. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average De Borgia Assessed Value
$220,282
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 De Borgia, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59830 | $10,100 | $98,561 | $220,282 | $326,154 | $444,800 |
Source: Ownwell
Property Tax Bills Across De Borgia, Montana
In De Borgia, located in Mineral County, MT, property tax bills are determined by assessing the market value of a property and applying the local tax rate to that value. The assessed value is a percentage of the market value, and this figure is then multiplied by the property tax rate to calculate the tax bill. For instance, with a median home price of $220,282, homeowners can expect varying tax bills. The 25th percentile tax bill is around $895, while the 75th percentile tax bill reaches approximately $2381, and the 90th percentile tax bill can be as high as $3100. These property taxes are crucial for funding local services such as schools, emergency services, and infrastructure maintenance. Homeowners in De Borgia should be aware that their property tax bill can significantly impact their annual expenses, especially when compared to the national median property tax rate of 0.99%. Understanding how these taxes are calculated can help homeowners plan their finances more effectively and seek potential exemptions or appeals if necessary.
Average De Borgia Tax Bill
$1,614
Average Mineral County Tax Bill
$1,827
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across De Borgia, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59830 | $142 | $895 | $1,614 | $2,381 | $3,100 |
Source: Ownwell