Park County, Montana Property Taxes
The median property tax rate in Park County is 0.58%, which is lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Park County, the typical annual property tax bill is $2,626, slightly below the national median of $2,690. Property taxes in Park County are calculated based on the assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Park County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Livingston or another part of Park County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Park County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$2,463
$2,286
Ownwell’s Park County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Park County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Park County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Park County, Montana
Property taxes in Park County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Park County is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within Park County set these rates annually, and they can vary significantly between different areas within the county. Each year, Park County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Park County's effective property tax rate with other counties in Montana and the national median. For comparison, the city of Livingston has one of the higher property tax rates in Montana at 0.70%, while the city of Silver Gate boasts one of the lowest at 0.42%. Analyzing how Park County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Park County Tax Rate
0.58%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Park County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bozeman | 0.45% | 0.50% | 0.51% | 0.53% | 0.54% |
| Clyde Park | 0.51% | 0.55% | 0.58% | 0.63% | 0.66% |
| Cooke City | 0.38% | 0.41% | 0.43% | 0.48% | 0.55% |
| Emigrant | 0.37% | 0.41% | 0.44% | 0.47% | 0.52% |
| Gardiner | 0.39% | 0.41% | 0.42% | 0.46% | 0.49% |
| Livingston | 0.44% | 0.52% | 0.70% | 0.70% | 0.70% |
| Mcleod | 0.48% | 0.50% | 0.51% | 0.52% | 0.58% |
| Mc Leod | 0.47% | 0.49% | 0.50% | 0.53% | 0.61% |
| Pray | 0.39% | 0.41% | 0.43% | 0.47% | 0.53% |
| Silver Gate | 0.40% | 0.41% | 0.42% | 0.44% | 0.46% |
| Springdale | 0.49% | 0.53% | 0.55% | 0.60% | 0.68% |
| Wilsall | 0.51% | 0.54% | 0.58% | 0.62% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Park County, Montana
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Park County, MT. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Park County Appraisal District. The assessed value, however, 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. Assessment notices in Park County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Park County, the median home price is $424,710, with tax bills ranging from $1,735 at the 25th percentile to $4,744 at the 90th percentile. The highest median tax bill is found in Pray at $3,082, while Springdale has the lowest median tax bill at $1,781. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Park County Assessed Value
$424,710
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Park County, Montana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bozeman | $328,555 | $409,216 | $534,500 | $775,070 | $1,098,848 |
| Clyde Park | $35,320 | $180,603 | $364,472 | $576,339 | $1,027,143 |
| Cooke City | $219,234 | $348,752 | $486,585 | $653,540 | $868,253 |
| Emigrant | $22,360 | $190,116 | $433,511 | $698,750 | $1,016,296 |
| Gardiner | $21,624 | $301,076 | $543,560 | $768,748 | $1,083,018 |
| Livingston | $113,682 | $307,500 | $413,750 | $563,625 | $872,490 |
| Mcleod | $198,294 | $345,445 | $387,459 | $577,200 | $696,435 |
| Mc Leod | $157,829 | $361,642 | $518,679 | $689,150 | $1,076,309 |
| Pray | $191,685 | $435,575 | $703,536 | $1,006,620 | $1,344,020 |
| Silver Gate | $301,382 | $402,773 | $551,257 | $748,326 | $905,908 |
| Springdale | $65,706 | $224,335 | $342,000 | $445,600 | $542,620 |
| Wilsall | $64,717 | $228,188 | $370,284 | $626,263 | $954,845 |
Source: Ownwell
Property Tax Bills Across Park County, Montana
In Park County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the county's property assessor. The assessed value is a percentage of the market value of the property, which is then multiplied by the local tax rate. This tax rate can vary depending on the specific location within the county. Homeowners in Park County pay a median property tax bill of $2,591. The tax bill can range significantly, with the 25th percentile at $1,735 and the 75th percentile at $3,446. For those at the 90th percentile, the tax bill can be as high as $4,744. The city of Pray has the highest median tax bill at $3,082, while Springdale has the lowest at $1,781. The property tax rate in Park County is influenced by various factors, including local government budgets, school funding, and public services. These taxes have a direct impact on homeowners, affecting their annual expenses and potentially influencing their decisions on property investments. Compared to the national median property tax rate of 0.99%, Park County's rates reflect the unique economic and funding needs of the region.
Average Park County Tax Bill
$2,626
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Park County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bozeman | $1,582 | $2,024 | $2,762 | $3,764 | $5,415 |
| Clyde Park | $308 | $1,173 | $2,208 | $3,342 | $5,645 |
| Cooke City | $983 | $1,611 | $2,124 | $2,716 | $3,580 |
| Emigrant | $125 | $998 | $1,928 | $2,945 | $4,367 |
| Gardiner | $139 | $1,362 | $2,268 | $3,245 | $4,766 |
| Livingston | $903 | $2,039 | $2,736 | $3,465 | $4,659 |
| Mcleod | $1,119 | $1,779 | $1,920 | $2,824 | $3,376 |
| Mc Leod | $1,031 | $1,858 | $2,596 | $3,461 | $5,179 |
| Pray | $1,137 | $1,959 | $3,082 | $4,253 | $5,898 |
| Silver Gate | $1,314 | $1,718 | $2,310 | $3,088 | $3,685 |
| Springdale | $448 | $1,296 | $1,781 | $2,444 | $3,170 |
| Wilsall | $643 | $1,382 | $2,291 | $3,755 | $5,631 |
Source: Ownwell