Bonner, Montana Property Taxes
The median property tax rate in Bonner, MT is 0.59%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Bonner, the typical annual property tax bill amounts to $2,402, which is below the national median of $2,690. Property taxes in Bonner are calculated based on the assessed value, which is often less than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Bonner'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 Bonner 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
Bonner, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$2,330
Ownwell’s Bonner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bonner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bonner 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 Bonner, Montana
Property taxes in Bonner, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bonner is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Bonner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bonner 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 Bonner's effective property tax rate to other counties in Montana and the national median. For comparison, the 59823 zip code has the highest median property tax rate of 0.59%, while the same zip code also has the lowest median tax rate of 0.59%. Understanding how these cities compare with Bonner provides valuable insights into the varying tax landscape across Missoula County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bonner Tax Rate
0.59%
Average Missoula County Tax Rate
0.91%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bonner, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59823 | 0.47% | 0.54% | 0.59% | 0.71% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Bonner, Montana
In Bonner, 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 Missoula 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 Bonner, 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 Bonner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in Bonner is $2402.00 in the zip code 59823, while the lowest median tax bill is also $2402.00 in the same zip code.
Average Bonner Assessed Value
$394,904
Average Missoula County Assessed Value
$411,800
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bonner, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59823 | $113,024 | $263,420 | $394,904 | $519,800 | $643,943 |
Source: Ownwell
Property Tax Bills Across Bonner, Montana
In Bonner, located in Missoula County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $394,904, homeowners can expect varying tax bills depending on specific assessment and local tax rates. Several factors influence the final tax bill, including property size, location, and improvements made to the property. In Bonner, the 25th percentile tax bill is $1,488, while the 75th percentile reaches $3,256, and the 90th percentile can go up to $4,043. These figures highlight the range of property tax burdens homeowners might face. Compared to the national median property tax rate of 0.99%, Bonner's property taxes can be significantly variable, impacting homeowners differently based on their property's assessed value. Understanding these factors helps homeowners anticipate their tax obligations and plan accordingly.
Average Bonner Tax Bill
$2,402
Average Missoula County Tax Bill
$3,741
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Bonner, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59823 | $565 | $1,488 | $2,402 | $3,256 | $4,043 |
Source: Ownwell