Superior, Montana Property Taxes
The median property tax rate in Superior, MT is 0.80%, slightly below both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Superior, the typical annual property tax bill amounts to $1,810, which is significantly less than the national median of $2,690. Property taxes in Superior are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Superior'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 Superior 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
Superior, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,607
Ownwell’s Superior Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Superior with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Superior 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 Superior, Montana
Property taxes in Superior, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Superior is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Superior set these rates annually, and they can vary significantly across different neighborhoods. Each year, Superior 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 Superior's effective property tax rate to other counties in Montana and the national median. For comparison, the 59872 zip code has the highest median property tax rate of 0.80%, while the same zip code also has the lowest median tax rate of 0.80%. Understanding how these cities compare with Superior 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 Superior 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 Superior, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59872 | 0.48% | 0.77% | 0.80% | 1.05% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Superior, Montana
In Superior, 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 Superior, 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. For example, the median home price in Superior is $200,900, with tax bills ranging from $825 at the 25th percentile to $3,585 at the 90th percentile. The highest and lowest median tax bills both stand at $1,810 in the 59872 zip code. 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 Superior helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Superior Assessed Value
$200,900
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 Superior, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59872 | $11,300 | $75,844 | $200,900 | $315,200 | $421,759 |
Source: Ownwell
Property Tax Bills Across Superior, Montana
In Superior, located in Mineral County, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. For homeowners in Superior, the median home price is $200,900. Property tax rates in the area can lead to significant variations in tax bills, ranging from the 25th percentile at $825 to the 90th percentile at $3,585. Several factors influence the final tax bill, including the property's assessed value, any applicable exemptions, and the local tax rate set by the county. Homeowners with properties falling in the highest median tax bill zip code, 59872, see median tax bills around $1,810. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, Superior's tax rates can be quite variable, affecting homeowners differently based on their property's assessed value.
Average Superior Tax Bill
$1,810
Average Mineral County Tax Bill
$1,827
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Superior, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59872 | $259 | $825 | $1,810 | $2,639 | $3,585 |
Source: Ownwell