Saco, Phillips County, Montana Property Taxes
The median property tax rate in Saco, MT is 1.23%, considerably higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Saco, the typical annual property tax bill reaches $788, which is significantly lower than the national median of $2,690. Property taxes in Saco are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saco's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Saco 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
Saco, Phillips County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$697
$647
Ownwell’s Saco Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saco with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saco 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 Saco, Phillips County, Montana
Property taxes in Saco, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saco is 1.23%, higher than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Saco set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saco 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 Saco's effective property tax rate to other counties in Montana and the national median. For comparison, the 59261 zip code has both the highest and lowest median property tax rate of 1.23%. Understanding how these cities compare with Saco 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 Saco Tax Rate
1.23%
Average Phillips County Tax Rate
1.28%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saco, Phillips County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59261 | 0.73% | 0.92% | 1.23% | 1.90% | 2.69% |
Source: Ownwell
Property Tax Assessment Values Across Saco, Phillips County, Montana
In Saco, 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 Saco, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Saco's median home price is $56,660, with tax bills ranging from $428 at the 25th percentile to $2,221 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 59261, at $788. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Saco, Phillips County, Montana
Source: Ownwell
$32,300
$108,017
$183,733
Average Saco Assessed Value
$56,660
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 Saco, Phillips County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59261 | $8,539 | $27,778 | $56,660 | $127,497 | $199,359 |
Source: Ownwell
Property Tax Bills Across Saco, Phillips County, Montana
In Saco, Phillips County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. For example, with a median home price of $56,660 in Saco, the tax bill can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $428, while those in the 75th percentile might see a bill closer to $1,397. The tax bill for properties in the 90th percentile can reach up to $2,221. These property taxes are essential for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Saco’s rates can be considered relatively moderate. Homeowners need to be aware of these factors as they directly impact the cost of owning property in the area, influencing both affordability and the overall financial burden.
Average Saco Tax Bill
$788
Average Phillips County Tax Bill
$1,408
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Saco, Phillips County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59261 | $135 | $428 | $788 | $1,397 | $2,221 |
Source: Ownwell