Seeley Lake, Montana Property Taxes
The median property tax rate in Seeley Lake, MT is 0.60%, which is significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $403,900 in Seeley Lake, the typical annual property tax bill amounts to $2,273, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Gaining a thorough understanding of Seeley Lake'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 Seeley Lake or another part of Missoula County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Seeley Lake, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$2,423
Ownwell’s SEELEY LAKE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SEELEY LAKE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SEELEY LAKE 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 Seeley Lake, Montana
Property taxes in Seeley Lake, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seeley Lake is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Seeley Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seeley Lake 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 Seeley Lake's effective property tax rate to other areas in Missoula County and the national median. For comparison, the zip code 59868 has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these areas compare with Seeley Lake 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 Seeley Lake Tax Rate
0.60%
Average Missoula County Tax Rate
0.91%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seeley Lake, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59868 | 0.45% | 0.55% | 0.60% | 0.65% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Seeley Lake, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Seeley Lake, Montana. 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 Seeley Lake, 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 instance, the highest median tax bill in the area is $2,273, specifically in the 59868 zip code, which is also the lowest median 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 Seeley Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Seeley Lake Assessed Value
$403,900
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 Seeley Lake, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59868 | $69,098 | $219,886 | $403,900 | $604,600 | $837,300 |
Source: Ownwell
Property Tax Bills Across Seeley Lake, Montana
In Seeley Lake, located in Missoula County, MT, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $403,900. Property taxes are determined by multiplying the assessed value by the local tax rate, which is influenced by various factors such as local government budgets, school funding, and public services. For homeowners in Seeley Lake, property tax bills can vary significantly. At the 25th percentile, the tax bill is approximately $1,155, while at the 75th percentile, it rises to around $3,636. The 90th percentile sees tax bills as high as $5,248. The highest and lowest median tax bills in the area are both $2,273, indicating some level of consistency in tax assessments within certain neighborhoods. Compared to the national median property tax rate of 0.99%, homeowners in Seeley Lake may experience varying degrees of financial impact based on their property's assessed value and the local tax rate. This variability underscores the importance of understanding how local factors influence property tax obligations.
Average Seeley Lake Tax Bill
$2,273
Average Missoula County Tax Bill
$3,741
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Seeley Lake, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59868 | $393 | $1,155 | $2,273 | $3,636 | $5,248 |
Source: Ownwell