Volborg, Montana Property Taxes
The median property tax rate in Volborg, MT is 0.58%, considerably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Volborg, the typical annual property tax bill reaches $978, well below the national median of $2,690. Property taxes in Volborg 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 Volborg'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 Volborg or another part of Powder River County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Volborg, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$762
$708
Ownwell’s Volborg Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Volborg with just two simple data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Volborg to provide an estimate of your property tax bill. This valuable tool aids in understanding potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Powder River County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Volborg, Montana
Property taxes in Volborg, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Volborg is 0.58%, significantly lower than the U.S. national median of 0.99%. Local government entities within Volborg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Volborg 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 Volborg's effective property tax rate to other counties in Montana and the national median. For comparison, the 59351 zip code has both the highest and lowest median property tax rate of 0.58%. Understanding how these areas compare with Volborg provides valuable insights into the varying tax landscape across Powder River County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Volborg Tax Rate
0.58%
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 Volborg, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59351 | 0.53% | 0.57% | 0.58% | 0.64% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Volborg, Montana
In Volborg, 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 Powder River 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 Volborg, 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 Volborg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Volborg are both $978.00, found in the 59351 zip code.
Average Volborg Assessed Value
$131,460
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 Volborg, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59351 | $10,820 | $44,262 | $131,460 | $223,076 | $315,794 |
Source: Ownwell
Property Tax Bills Across Volborg, Montana
In Volborg, Powder River County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Factors such as home improvements, neighborhood changes, and market conditions can influence the assessed value, affecting the final tax bill. For homeowners in Volborg, the property tax bill can vary significantly. At the 25th percentile, homeowners might pay around $374 annually, while those at the 75th percentile could see bills as high as $1,506. The 90th percentile tax bill can reach up to $2,014. Compared to the national median property tax rate of 0.99%, Volborg's property taxes present a diverse range, reflecting the varying property values and local economic conditions. Understanding these factors can help homeowners anticipate their tax obligations and plan accordingly.
Average Volborg Tax Bill
$978
Average Powder River County Tax Bill
$666
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Volborg, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59351 | $159 | $374 | $978 | $1,506 | $2,014 |
Source: Ownwell