Turner, Montana Property Taxes
The median property tax rate in Turner, MT is 0.87%, slightly lower than the national median of 0.99% but higher than the Montana state median of 0.83%. With a median home value in Turner, the typical annual property tax bill reaches $2,431, which is below the national median of $2,690. Property taxes in Turner are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Turner’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 Turner 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
Turner, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$2,513
Ownwell’s Turner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Turner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Turner 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 Turner, Montana
Property taxes in Turner, Montana, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Turner is 0.87%, slightly below the U.S. national median of 0.99%. Local government entities within Turner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Turner 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 Turner's effective property tax rate to other areas in Montana and the national median. For comparison, the zip code 59542 has both the highest and lowest median property tax rate of 0.87%, matching Turner's rate. Understanding how these areas compare with Turner 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 Turner Tax Rate
0.87%
Average Phillips County Tax Rate
1.28%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Turner, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59542 | 0.80% | 0.83% | 0.87% | 1.11% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Turner, Montana
In Turner, 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 Turner, 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. Being aware of these valuation processes in Turner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Turner is $2,431, found in the 59542 zip code, which also happens to have the lowest median tax bill.
Average Turner Assessed Value
$288,840
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 Turner, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59542 | $200,972 | $233,922 | $288,840 | $294,102 | $297,260 |
Source: Ownwell
Property Tax Bills Across Turner, Montana
In Turner, property tax bills are calculated based on the assessed value of your home and the local tax rate set by Phillips County. The assessed value is determined by the county assessor and typically represents a percentage of your home's market value. For instance, with a median home price of $288,840, the tax bill can vary significantly depending on the assessed value and applicable exemptions. Homeowners in Turner can expect to pay a median property tax bill of around $2,431, which is relatively high compared to the national median property tax rate of 0.99%. Factors that influence your tax bill include property size, location, and any applicable exemptions or deductions. For example, tax bills in the 25th percentile are approximately $2,342, while those in the 75th percentile reach up to $2,520, and the 90th percentile can be as high as $2,573. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for Turner residents.
Average Turner Tax Bill
$2,431
Average Phillips County Tax Bill
$1,408
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Turner, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59542 | $2,289 | $2,342 | $2,431 | $2,520 | $2,573 |
Source: Ownwell