Powder River County Property Taxes
The median property tax rate in Powder River County is 0.65%, which is significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Powder River County, the typical annual property tax bill is $666, which is well below the national median of $2,690. Property taxes in Powder River 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 Powder River 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 Broadus or another part of Powder River County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Powder River County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,660
Ownwell’s Powder River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Powder River with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Powder River 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's 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 Powder River County, Montana
Property taxes in Powder River play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Powder River is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Powder River set these rates annually, and they can vary significantly between different areas within the county. Each year, Powder River 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. The following data compares Powder River's effective property tax rate with other counties in Montana and the national median. For comparison, the city of Ashland has one of the higher property tax rates in Montana at 0.75%, while the city of Biddle boasts one of the lowest at 0.56%. Analyzing how Powder River's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Powder River County Tax Rate
0.65%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Powder River County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ashland | 0.67% | 0.67% | 0.75% | 0.81% | 0.92% |
| Biddle | 0.52% | 0.52% | 0.56% | 0.61% | 0.65% |
| Boyes | 0.58% | 0.60% | 0.64% | 0.67% | 0.69% |
| Broadus | 0.57% | 0.57% | 0.68% | 0.68% | 0.68% |
| Miles City | 0.55% | 0.57% | 0.59% | 0.62% | 0.68% |
| Olive | 0.57% | 0.58% | 0.64% | 0.69% | 0.75% |
| Otter | 0.57% | 0.59% | 0.64% | 0.67% | 0.74% |
| Powderville | 0.58% | 0.63% | 0.65% | 0.67% | 0.69% |
| Recluse | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% |
| Volborg | 0.53% | 0.57% | 0.58% | 0.64% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Powder River County, Montana
In Powder River County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Powder River 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 Powder River 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 example, residents in Miles City face the highest median tax bill at $1,119, while those in Boyes enjoy the lowest at $515. Being aware of these valuation processes in Powder River 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 Powder River County, Montana
Source: Ownwell
$51,950
$111,109
$170,267
Average Powder River County Assessed Value
$86,358
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Powder River County, Montana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ashland | $8,170 | $43,229 | $98,100 | $178,600 | $270,739 |
| Biddle | $9,106 | $36,655 | $90,988 | $173,522 | $247,242 |
| Boyes | $14,470 | $28,525 | $51,950 | $78,350 | $94,190 |
| Broadus | $7,744 | $26,996 | $78,000 | $152,168 | $241,660 |
| Miles City | $35,052 | $72,568 | $170,267 | $360,659 | $430,301 |
| Olive | $22,250 | $55,378 | $140,000 | $239,861 | $313,942 |
| Otter | $7,458 | $33,215 | $86,340 | $169,966 | $211,816 |
| Powderville | $44,335 | $99,550 | $149,075 | $178,037 | $254,502 |
| Recluse | $130,949 | $130,949 | $130,949 | $130,949 | $130,949 |
| Volborg | $10,820 | $44,262 | $131,460 | $223,076 | $315,794 |
Source: Ownwell
Property Tax Bills Across Powder River County, Montana
Property tax bills in Powder River County, MT, are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is a percentage of the property's market value. The tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the assessed value, including property size, location, and improvements. For homeowners in Powder River County, the median home price is $86,358. Property tax bills can vary significantly within the county. For instance, the 25th percentile tax bill is $288, while the 75th percentile tax bill is $1,151. The 90th percentile tax bill reaches up to $1,682. Comparatively, Miles City has the highest median tax bill at $1,119, whereas Boyes has the lowest at $515. These property tax bills directly impact homeowners by influencing their annual housing costs. Understanding how these taxes are calculated can help homeowners budget more effectively and potentially identify opportunities for tax savings.
Average Powder River County Tax Bill
$666
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Powder River County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ashland | $231 | $514 | $824 | $1,432 | $2,175 |
| Biddle | $181 | $234 | $573 | $1,027 | $1,404 |
| Boyes | $340 | $406 | $515 | $625 | $691 |
| Broadus | $116 | $261 | $604 | $1,059 | $1,545 |
| Miles City | $364 | $639 | $1,119 | $2,372 | $2,711 |
| Olive | $336 | $460 | $1,025 | $1,555 | $2,181 |
| Otter | $188 | $307 | $649 | $1,147 | $1,390 |
| Powderville | $552 | $661 | $966 | $1,259 | $1,507 |
| Recluse | $861 | $861 | $861 | $861 | $861 |
| Volborg | $159 | $374 | $978 | $1,506 | $2,014 |
Source: Ownwell