Roundup, Petroleum County, Montana Property Taxes

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

Median ROUNDUP, MT effective property tax rate: 1.00%, significantly lower than the national median of 1.02%, but higher than the Montana state median of 0.83%.
Median ROUNDUP, MT home value: $270,600
Median annual ROUNDUP, MT tax bill: $2,701, $301 higher than the national median property tax bill of $2,400.

How are property taxes in Petroleum calculated?

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

Last Updated March 1, 2025

Roundup, Petroleum County, Montana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$2,706

$2,511

Ownwell’s ROUNDUP Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in ROUNDUP with just two data points. By entering your property's estimated assessed value, our calculator applies ROUNDUP’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 Petroleum. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Roundup, Petroleum County, Montana

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county's annual budgetary needs. Each county estimates the budget required to provide essential services and divides this by the total value of all taxable property within its area. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the yearly process. For instance, ROUNDUP in Petroleum County, MT, might have a different effective property tax rate compared to other cities in Montana. The median property tax rate in Montana is 1.00%, which is slightly below the national median of 1.02%. This means that, on average, Montana residents might pay slightly less in property taxes compared to the national average. Understanding these differences can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Roundup, Petroleum County, Montana

Source: Ownwell

1.23%

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 Roundup Tax Rate

1.00%

Median Effective Petroleum County Tax Rate

1.23%

Median Effective Montana Tax Rate

0.83%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Roundup, Petroleum County, Montana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
59072	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Roundup, Petroleum County, Montana

When examining property taxes in Roundup, Montana, understanding the distinction between "market value" and "assessed value" is crucial. The market value is the price a willing buyer would pay to a willing seller in an open and competitive market, influenced by factors like location and property condition. The Petroleum County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits as determined by local laws. This assessed value is the figure used to calculate your property taxes, which is then multiplied by your tax rate to determine your tax bill.

In Petroleum County, assessment notices are sent in the spring each year, typically reaching your mailbox by the middle of April. Each property owner receives an assessment notice containing 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 Roundup.

For example, the median home price in Roundup is $270,600, with tax bills generally around $2,701, which is above the national median tax bill of $2,400.

Property Tax Assessment Values Across Roundup, Petroleum County, Montana

Source: Ownwell

$55,292

Median Roundup Market Value

$270,600

Median Petroleum County Market Value

$57,945

Median Montana Market Value

$317,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Roundup, Petroleum County, Montana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
59072	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Roundup, Petroleum County, Montana

In Roundup, located in Petroleum County, MT, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in this area is $270,600. Homeowners here face a median property tax bill of $2,701, which is significantly above the national median of $2,400, even though the national median property tax rate is 1.02%. The assessed value, determined by local authorities, plays a crucial role in calculating the tax bill. Factors such as property size, location, and market conditions can influence this value. For homeowners, this means that any increase in assessed value can lead to higher property taxes, impacting household budgets.

Ownwell offers a valuable service by helping homeowners appeal their property tax assessments and explore potential exemptions. By leveraging expertise in local tax regulations, Ownwell can identify opportunities for savings, potentially lowering tax bills. This assistance can be especially beneficial for homeowners in Roundup, ensuring they only pay what is fair and accurate.

Property Tax Bills Across Roundup, Petroleum County, Montana

Source: Ownwell

$684

Median Roundup Tax Bill

$2,701

Median Petroleum County Tax Bill

$721

Median Montana Tax Bill

$2,646

Median United States Tax Bill

$2,400

Property Tax Bills Across Roundup, Petroleum County, Montana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
59072	N/A	N/A	N/A	N/A	N/A

Source: Ownwell