Deer Lodge, Montana Property Taxes
The median property tax rate in Deer Lodge, MT is 0.88%, slightly lower than the national median of 0.99% but higher than the Montana state median of 0.83%. With a median home value of $172,700 in Deer Lodge, the typical annual property tax bill is $1,482, which is below the national median of $2,690. Property taxes in Deer Lodge are determined based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Gaining a thorough understanding of Deer Lodge's property tax system, exploring available exemptions, and seeking opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Deer Lodge or another part of Powell County, familiarizing yourself with the local property tax system can be highly beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Deer Lodge, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,520
Ownwell’s Deer Lodge Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Deer Lodge with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Deer Lodge to estimate your property tax bill. This valuable 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 Powell County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Deer Lodge, Montana
Property taxes in Deer Lodge, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Deer Lodge is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Deer Lodge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deer Lodge 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 Deer Lodge's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59722 has both the highest and lowest median property tax rate of 0.88%. Understanding how these areas compare with Deer Lodge provides valuable insights into the varying tax landscape across Powell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Deer Lodge Tax Rate
0.88%
Average Powell County Tax Rate
0.75%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deer Lodge, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59722 | 0.62% | 0.74% | 0.88% | 0.88% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Deer Lodge, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Deer Lodge, Montana. 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 Powell 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 Deer Lodge, 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 Deer Lodge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in Deer Lodge is $172,700. The property tax bill can range significantly, with the 25th percentile at $752 and the 75th percentile at $2,209. Interestingly, the highest and lowest median tax bills both stand at $1,482 in the zip code 59722. This knowledge can empower property owners to make informed decisions and potentially reduce their tax liabilities.
Average Deer Lodge Assessed Value
$172,700
Average Powell County Assessed Value
$190,600
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Deer Lodge, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59722 | $17,350 | $89,192 | $172,700 | $257,900 | $471,900 |
Source: Ownwell
Property Tax Bills Across Deer Lodge, Montana
Property tax bills in Deer Lodge, located in Powell County, MT, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor’s office, which evaluates the market value of the property. The tax rate, or mill rate, is set by local taxing authorities and can vary depending on the needs of the community and local government budgets. Homeowners in Deer Lodge can expect their tax bills to reflect a range of costs. For instance, the tax bill at the 25th percentile is $752, while at the 75th percentile, it rises to $2,209. The highest median tax bill in the area is $1,482, which is consistent across the zip code 59722. These property taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Compared to the national median property tax rate of 0.99%, Deer Lodge's tax rates provide a unique perspective on the cost of homeownership in this Montana city.
Average Deer Lodge Tax Bill
$1,482
Average Powell County Tax Bill
$1,529
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Deer Lodge, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59722 | $299 | $752 | $1,482 | $2,209 | $3,670 |
Source: Ownwell