Lolo, Missoula County, Montana Property Taxes

Name: Property Tax Bills Across Lolo, Missoula County, Montana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median LOLO, MT effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but higher than the Montana state median of 0.83%.
Median LOLO, MT home value: $396,800
Median annual LOLO, MT tax bill: $3,554, $1,154 higher than the national median property tax bill of $2,400.

How are property taxes in Missoula County calculated?

Property taxes in LOLO, MT are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding LOLO’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LOLO, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lolo, Missoula County, Montana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.91%

Estimate Property Tax Bill

$3,611

$3,351

Ownwell’s LOLO Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in LOLO with just two data points. By entering your property's estimated assessed value, our calculator applies LOLO’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Missoula County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lolo, Missoula County, Montana

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In LOLO, located in Missoula County, MT, the effective property tax rate is a reflection of the county's budgetary needs and the total assessed property value. When compared to other cities in Montana, LOLO's tax rate aligns with the state's median, offering residents a balanced taxation approach. The national median property tax rate stands at 1.02%, which places LOLO below the national average, providing a relatively lower financial burden on property owners. While the highest and lowest median tax rates in the area are consistent, it's essential for property owners to stay informed about potential changes. Understanding these dynamics can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Lolo, Missoula County, Montana

Source: Ownwell

0.50%

0.76%

1.02%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Lolo Tax Rate

0.91%

Median Effective Missoula County Tax Rate

0.91%

Median Effective Montana Tax Rate

0.83%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lolo, Missoula County, Montana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
59847	0.68%	0.83%	0.91%	0.97%	1.05%

Source: Ownwell

Property Tax Assessment Values Across Lolo, Missoula County, Montana

When examining property taxes in Lolo, Montana, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Missoula County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Missoula County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lolo. For example, the median home price in Lolo is $396,800, with tax bills ranging significantly across the county. Zip code 59847 has the highest median home price at $396,800.

Property Tax Assessment Values Across Lolo, Missoula County, Montana

Source: Ownwell

$230,418

$355,109

$479,800

Median Lolo Market Value

$396,800

Median Missoula County Market Value

$411,800

Median Montana Market Value

$317,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lolo, Missoula County, Montana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
59847	$45,750	$333,200	$396,800	$484,925	$634,350

Source: Ownwell

Property Tax Bills Across Lolo, Missoula County, Montana

In Lolo, located in Missoula County, MT, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and typically reflects a percentage of the property's market value. Homeowners in Lolo see property tax bills that range significantly, with the 25th percentile at $2,768 and the 75th percentile reaching $4,413. The median home price in the area is $396,800, which influences the overall tax bill. Compared to the national median property tax bill of $2,400, Lolo's tax bills are notably higher, impacting homeowners' annual expenses.

Factors such as property size, location, and improvements can affect the assessed value and, consequently, the tax bill. Homeowners can potentially reduce their tax burden through appeals and exemptions. This is where Ownwell comes in, offering expert property tax appeal services to help homeowners lower their tax bills. By identifying discrepancies in assessments and ensuring all eligible exemptions are applied, Ownwell assists homeowners in saving money on their property taxes.

Property Tax Bills Across Lolo, Missoula County, Montana

Source: Ownwell

$1,503

$2,996

$4,488

Median Lolo Tax Bill

$3,554

Median Missoula County Tax Bill

$3,741

Median Montana Tax Bill

$2,646

Median United States Tax Bill

$2,400

Property Tax Bills Across Lolo, Missoula County, Montana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
59847	$357	$2,768	$3,554	$4,413	$5,741

Source: Ownwell