Saltese, Montana Property Taxes
The median property tax rate in Saltese, MT is 0.74%, noticeably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Saltese at $208,734, the typical annual property tax bill amounts to $1,404, which is below the national median of $2,690. Property taxes in Saltese are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saltese'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 Saltese 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
Saltese, 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 Saltese Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Saltese. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Saltese to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Mineral County for tax purposes, including any applicable exemptions.
Property Tax Rates Across Saltese, Montana
Property taxes in Saltese, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saltese is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Saltese set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saltese 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 Saltese's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59867 has both the highest and lowest median property tax rate of 0.74%, matching Saltese's rate. Understanding how these cities compare with Saltese 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 Saltese 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 Saltese, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59867 | 0.67% | 0.72% | 0.74% | 0.75% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Saltese, Montana
In Saltese, 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 Saltese, 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 Saltese helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Saltese is $208,734, with the highest median tax bill found in zip code 59867 at $1,404.
Average Saltese Assessed Value
$208,734
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 Saltese, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59867 | $74,232 | $111,841 | $208,734 | $251,760 | $341,990 |
Source: Ownwell
Property Tax Bills Across Saltese, Montana
In Saltese, located in Mineral County, MT, property tax bills are determined based on the assessed value of a property. The process begins with the county assessor evaluating the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors that influence the tax bill include the property's location, size, and any improvements made. For homeowners in Saltese, the median home price stands at $208,734. Property tax bills can vary significantly, with the 25th percentile at $834 and the 75th percentile reaching $1,828. At the higher end, the 90th percentile tax bill is $2,481. These figures show a range of potential tax liabilities, highlighting how property characteristics and market conditions can impact what homeowners owe. Compared to the national median property tax rate of 0.99%, Saltese's tax rates can be considered moderate. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Saltese Tax Bill
$1,404
Average Mineral County Tax Bill
$1,827
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Saltese, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59867 | $593 | $834 | $1,404 | $1,828 | $2,481 |
Source: Ownwell