Dodson, Montana Property Taxes
The median property tax rate in Dodson, MT is 1.05%, slightly higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Dodson at $43,120, the typical annual property tax bill reaches $731, which is significantly lower than the national median of $2,690. Property taxes in Dodson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Dodson'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 Dodson or another part of Phillips County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dodson, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$453
$420
Ownwell’s Dodson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dodson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dodson 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 Dodson, Montana
Property taxes in Dodson, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dodson is 1.05%, significantly higher than the U.S. national median of 0.99%. Local government entities within Dodson set these rates annually, and they can vary across different neighborhoods. Each year, Dodson 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 Dodson's effective property tax rate to other areas in Montana and the national median. For comparison, the zip code 59524 has both the highest and lowest median property tax rate of 1.05%. Understanding how these areas compare with Dodson provides valuable insights into the varying tax landscape across Phillips County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dodson Tax Rate
1.05%
Average Phillips County Tax Rate
1.28%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dodson, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59524 | 0.85% | 1.01% | 1.05% | 1.75% | 2.48% |
Source: Ownwell
Property Tax Assessment Values Across Dodson, Montana
In Dodson, 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 Phillips 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 Dodson, 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 median home price in Dodson is $43,120, with tax bills ranging from $248 at the 25th percentile to $2,444 at the 90th percentile. The highest median tax bill in the area is $731 in the 59524 zip code, which also has the lowest median tax bill at $731. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dodson Assessed Value
$43,120
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 Dodson, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59524 | $3,431 | $14,660 | $43,120 | $133,892 | $219,167 |
Source: Ownwell
Property Tax Bills Across Dodson, Montana
In Dodson, Phillips County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Dodson face varying tax bills depending on their property’s assessed value and the local tax rate. For instance, the median home price in Dodson is $43,120. The tax bills in Dodson can differ significantly, with the 25th percentile tax bill being $248 and the 75th percentile reaching $1,667. For those at the 90th percentile, the tax bill can be as high as $2,444. The highest median tax bill recorded in the area is $731, which is notably lower than the national median property tax rate of 0.99%. These property taxes fund essential community services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Understanding how these factors interact helps homeowners anticipate their financial obligations and plan accordingly.
Average Dodson Tax Bill
$731
Average Phillips County Tax Bill
$1,408
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Dodson, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59524 | $37 | $248 | $731 | $1,667 | $2,444 |
Source: Ownwell