Phillips County, Montana Property Taxes
The median property tax rate in Phillips County is 1.28%, which is significantly higher than both the national median of 0.99% and Montana's state median of 0.83%. With the median home value in Phillips County at $105,606, the typical annual property tax bill reaches $1,408, surpassing the national median of $2,690. Property taxes in Phillips County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Phillips 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 Malta or another part of Phillips County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Phillips County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$1,352
$1,254
Ownwell’s Phillips County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Phillips County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Phillips 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 Phillips County, Montana
Property taxes in Phillips County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Phillips County is 1.28%, which is higher than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Phillips County set these rates annually, and they can vary significantly between different areas within the county. Each year, Phillips 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. For comparison, the city of Malta has one of the higher property tax rates in Montana at 1.33%, while the city of Hinsdale boasts one of the lowest at 0.78%. Analyzing how Phillips County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Phillips County Tax Rate
1.28%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Phillips County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dodson | 0.85% | 1.01% | 1.05% | 1.75% | 2.48% |
| Hinsdale | N/A | N/A | N/A | N/A | N/A |
| Loring | 0.86% | 0.87% | 0.99% | 1.25% | 1.71% |
| Malta | 0.92% | 1.14% | 1.33% | 1.59% | 2.07% |
| Saco | 0.73% | 0.92% | 1.23% | 1.90% | 2.69% |
| Turner | N/A | N/A | N/A | N/A | N/A |
| Whitewater | 0.87% | 0.96% | 1.09% | 1.62% | 2.17% |
| Zortman | 0.77% | 0.85% | 0.86% | 1.13% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Phillips County, Montana
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Phillips 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 Phillips 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 Phillips 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. For instance, Turner has the highest median tax bill at $2,431, while Zortman has the lowest at $478. Being aware of these valuation processes in Phillips County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Phillips County, Montana
Source: Ownwell
$32,300
$108,017
$183,733
Average Phillips County Assessed Value
$105,606
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Phillips County, Montana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dodson | $3,431 | $14,660 | $43,120 | $133,892 | $219,167 |
| Hinsdale | N/A | N/A | N/A | N/A | N/A |
| Loring | $31,889 | $48,170 | $183,733 | $321,123 | $544,253 |
| Malta | $32,671 | $70,300 | $130,300 | $196,686 | $256,707 |
| Saco | $8,539 | $27,778 | $56,660 | $127,497 | $199,359 |
| Turner | N/A | N/A | N/A | N/A | N/A |
| Whitewater | $13,901 | $45,081 | $88,169 | $253,118 | $444,124 |
| Zortman | $2,388 | $6,067 | $32,300 | $88,550 | $169,866 |
Source: Ownwell
Property Tax Bills Across Phillips County, Montana
In Phillips County, MT, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the tax bill. Phillips County has a diverse range of tax bills, with the 25th percentile at $708 and the 75th percentile at $2268, indicating significant variation in property values and tax burdens. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in Turner face the highest median tax bill at $2431, while those in Zortman enjoy the lowest at $478. These variations can significantly impact homeowners, affecting their annual expenses and potentially their ability to afford their homes. Compared to the national median property tax rate of 0.99%, Phillips County's tax rates and bills reflect the unique economic and property market conditions of the region.
Average Phillips County Tax Bill
$1,408
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Phillips County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dodson | $37 | $248 | $731 | $1,667 | $2,444 |
| Hinsdale | N/A | N/A | N/A | N/A | N/A |
| Loring | $364 | $758 | $1,724 | $3,353 | $6,666 |
| Malta | $584 | $1,072 | $1,762 | $2,486 | $3,231 |
| Saco | $135 | $428 | $788 | $1,397 | $2,221 |
| Turner | N/A | N/A | N/A | N/A | N/A |
| Whitewater | $474 | $924 | $1,772 | $3,223 | $5,667 |
| Zortman | $23 | $125 | $478 | $891 | $1,639 |
Source: Ownwell