Missoula, Montana Property Taxes
The median property tax rate in Missoula, MT is 0.96%, which is slightly lower than the national median of 0.99% but higher than the Montana state median of 0.83%. With the median home value in Missoula at $418,300, the typical annual property tax bill reaches $4,008, surpassing the national median of $2,690. Property taxes in Missoula are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Missoula'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 Missoula 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
Missoula, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$4,016
Ownwell’s Missoula Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Missoula with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Missoula 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 Missoula, Montana
Property taxes in Missoula, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Missoula is 0.96%, slightly lower than the U.S. national median of 0.99%. Local government entities within Missoula set these rates annually, and they can vary significantly across different neighborhoods. Each year, Missoula 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 Missoula's effective property tax rate to other areas in Missoula County and the national median. For comparison, the 59802 zip code has the highest median property tax rate of 1.02%, while the 59804 zip code has the lowest median tax rate of 0.82%. Understanding how these areas compare with Missoula 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 Missoula Tax Rate
0.96%
Average Missoula County Tax Rate
0.91%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Missoula, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59801 | 0.77% | 0.93% | 1.00% | 1.07% | 1.14% |
| 59802 | 0.64% | 0.80% | 1.02% | 1.11% | 1.20% |
| 59803 | 0.77% | 0.88% | 0.98% | 1.05% | 1.11% |
| 59804 | 0.67% | 0.76% | 0.82% | 0.89% | 1.02% |
| 59808 | 0.57% | 0.73% | 0.89% | 0.99% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Missoula, Montana
In Missoula, 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 Missoula, 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. For example, the highest median tax bill in Missoula is $4,488 in the 59803 zip code, while the lowest is $3,468 in the 59808 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Missoula Assessed Value
$418,300
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 Missoula, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59801 | $253,654 | $333,200 | $394,200 | $486,573 | $613,606 |
| 59802 | $77,055 | $271,100 | $389,150 | $537,029 | $722,160 |
| 59803 | $349,730 | $389,975 | $473,900 | $584,850 | $713,880 |
| 59804 | $83,400 | $382,700 | $474,600 | $599,600 | $793,200 |
| 59808 | $45,920 | $223,800 | $401,770 | $532,100 | $682,080 |
Source: Ownwell
Property Tax Bills Across Missoula, Montana
In Missoula, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. This value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Missoula County, the median home price is $418,300, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $2,955, while the 75th percentile tax bill is $5,142, and the 90th percentile tax bill reaches $6,578. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. The highest median tax bill in the region is $4,488 in the 59803 zip code, while the lowest is $3,468 in the 59808 zip code. These variations highlight how local assessments and tax rates can affect homeowners differently. Understanding these details can help residents anticipate their financial obligations and better manage their property investments.
Average Missoula Tax Bill
$4,008
Average Missoula County Tax Bill
$3,741
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Missoula, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59801 | $1,743 | $3,204 | $3,954 | $4,993 | $6,416 |
| 59802 | $452 | $2,423 | $3,772 | $5,555 | $7,371 |
| 59803 | $3,198 | $3,843 | $4,488 | $5,505 | $6,644 |
| 59804 | $444 | $3,147 | $4,001 | $5,028 | $6,500 |
| 59808 | $234 | $1,555 | $3,468 | $4,613 | $6,039 |
Source: Ownwell