Roundup, Montana Property Taxes
The median property tax rate in Roundup, Montana is 1.00%, slightly higher than the national median of 0.99% and significantly above the Montana state median of 0.83%. With the median home value in Roundup at $270,600, the typical annual property tax bill reaches $2,701, surpassing the national median of $2,690. Property taxes in Roundup are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Roundup'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 Roundup 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
Roundup, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$2,706
$2,511
Ownwell’s Roundup Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roundup with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roundup 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 Roundup, Montana
Property taxes in Roundup, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roundup is 1.00%, which is higher than the U.S. national median of 0.99%. Local government entities within Roundup set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roundup 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 Roundup's effective property tax rate to other counties in Montana and the national median. For comparison, the 59072 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with Roundup provides valuable insights into the varying tax landscape across Petroleum County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roundup Tax Rate
1.00%
Average Petroleum County Tax Rate
1.23%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roundup, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59072 | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Roundup, Montana
In Roundup, 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 Petroleum 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 Roundup, 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. The median home price in Roundup is approximately $270,600, with the median tax bill around $2,701. Notably, the zip code 59072 has both the highest and lowest median tax bills at $2,701. 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 Roundup helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Roundup Assessed Value
$270,600
Average Petroleum County Assessed Value
$57,945
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roundup, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59072 | $270,600 | $270,600 | $270,600 | $270,600 | $270,600 |
Source: Ownwell
Property Tax Bills Across Roundup, Montana
In ROUNDUP, property tax bills are calculated based on the assessed value of the home, which is determined by the local taxing authority. This assessed value is a percentage of the property's market value. For instance, with a median home price of $270,600, the assessed value plays a crucial role in determining the tax bill. The tax rate is then applied to this assessed value to calculate the final tax bill. Several factors influence the property tax bill, including the property's location within Petroleum County and any applicable exemptions or deductions. For ROUNDUP homeowners, the median property tax bill is $2,701, which is significantly higher than the national median property tax rate of 0.99%. This higher tax bill can impact homeowners by increasing their annual expenses, potentially affecting their overall financial planning. Understanding these factors is essential for homeowners to manage their finances effectively and anticipate their annual property tax obligations.
Average Roundup Tax Bill
$2,701
Average Petroleum County Tax Bill
$721
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Roundup, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59072 | $2,701 | $2,701 | $2,701 | $2,701 | $2,701 |
Source: Ownwell