Prairie County Property Taxes
The median property tax rate in Prairie County is 1.05%, which is significantly higher than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $64,200 in Prairie County, the typical annual property tax bill reaches $652, which is considerably lower than the national median of $2,690. Property taxes in Prairie 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 Prairie 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 Terry or another part of Prairie County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Prairie 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 Prairie County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Prairie County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Prairie County 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 Prairie County, Montana
Property taxes in Prairie County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Prairie County is 1.05%, which is higher than the U.S. national median of 0.99%. Local government entities within Prairie County set these rates annually, and they can vary significantly between different areas within the county. Each year, Prairie County 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 Prairie County's effective property tax rate with other counties in Montana and the national median. For comparison, the city of Miles City has one of the higher property tax rates in Montana at 1.10%, while the city of Fallon boasts one of the lowest at 0.80%. Analyzing how Prairie County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Prairie County Tax Rate
1.05%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Prairie County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brockway | 0.87% | 0.91% | 1.01% | 1.13% | 1.16% |
| Fallon | 0.79% | 0.80% | 0.80% | 0.85% | 1.03% |
| Glendive | 0.80% | 0.82% | 0.91% | 1.03% | 1.11% |
| Ismay | 0.81% | 0.84% | 0.89% | 0.97% | 1.02% |
| Lindsay | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
| Mildred | 0.79% | 0.79% | 0.80% | 0.91% | 1.01% |
| Miles City | 1.10% | 1.10% | 1.10% | 1.10% | 1.10% |
| Terry | 0.79% | 1.00% | 1.05% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Prairie County, Montana
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Prairie County, MT. 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 Prairie 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 Prairie 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. Prairie County sees a wide range in property tax bills, with Lindsay having the highest median tax bill at $3,089 and Mildred the lowest at $397. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Prairie County Assessed Value
$64,200
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Prairie County, Montana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brockway | $43,687 | $69,188 | $149,668 | $220,467 | $271,530 |
| Fallon | $3,276 | $11,353 | $57,705 | $114,743 | $198,899 |
| Glendive | $62,502 | $105,374 | $146,686 | $256,320 | $308,055 |
| Ismay | $39,779 | $57,538 | $87,137 | $213,150 | $288,757 |
| Lindsay | $363,185 | $363,185 | $363,185 | $363,185 | $363,185 |
| Mildred | $2,782 | $7,624 | $28,813 | $76,932 | $113,227 |
| Miles City | $74,603 | $74,603 | $74,603 | $74,603 | $74,603 |
| Terry | $7,543 | $21,712 | $64,400 | $110,800 | $175,531 |
Source: Ownwell
Property Tax Bills Across Prairie County, Montana
In Prairie County, MT, property tax bills are calculated based on the assessed value of a home, which is often a percentage of the market value. For instance, with a median home price of $64,200, the tax bill can vary significantly. Homeowners at the 25th percentile can expect a tax bill around $226, while those at the 75th percentile might see bills as high as $1,148. The 90th percentile tax bill can reach up to $1,986. These figures show a broad range, indicating the variability in property assessments and tax rates within the county. Factors such as property location, improvements, and market trends are considered in determining the assessed value. Compared to the national median property tax rate of 0.99%, Prairie County's rates might seem favorable, but they still impact homeowners' budgets. The highest median tax bill in the region is $3,089 in Lindsay, while the lowest is $397 in Mildred, illustrating the diversity in tax burdens across different areas.
Average Prairie County Tax Bill
$652
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Prairie County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brockway | $778 | $1,064 | $1,680 | $2,119 | $2,348 |
| Fallon | $34 | $106 | $497 | $1,075 | $2,058 |
| Glendive | $571 | $937 | $1,315 | $2,625 | $3,351 |
| Ismay | $332 | $497 | $773 | $2,171 | $3,009 |
| Lindsay | $3,089 | $3,089 | $3,089 | $3,089 | $3,089 |
| Mildred | $43 | $85 | $397 | $760 | $1,101 |
| Miles City | $821 | $821 | $821 | $821 | $821 |
| Terry | $107 | $260 | $686 | $1,139 | $1,827 |
Source: Ownwell