Ravalli County, Montana Property Taxes
The median property tax rate in Ravalli County is 0.65%, which is lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Ravalli County at $388,190, the typical annual property tax bill comes to $2,660, slightly below the national median of $2,690. Property taxes in Ravalli County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Ravalli 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 Hamilton or another part of Ravalli County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ravalli County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$2,523
$2,341
Ownwell’s Ravalli County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Ravalli County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Ravalli 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 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 Ravalli County, Montana
Property taxes in Ravalli County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Ravalli County is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Ravalli County set these rates annually, and they can vary significantly between different areas within the county. Each year, Ravalli 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. For comparison, the city of Florence has one of the higher property tax rates in Montana at 0.76%, while the city of Darby boasts one of the lowest at 0.54%. Analyzing how Ravalli County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Ravalli County Tax Rate
0.65%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ravalli County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Conner | 0.50% | 0.54% | 0.55% | 0.56% | 0.56% |
| Corvallis | 0.55% | 0.64% | 0.64% | 0.65% | 0.65% |
| Darby | 0.50% | 0.54% | 0.54% | 0.56% | 0.65% |
| Florence | 0.71% | 0.76% | 0.76% | 0.76% | 0.76% |
| Hamilton | 0.53% | 0.65% | 0.65% | 0.91% | 0.91% |
| Pinesdale | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% |
| Stevensville | 0.65% | 0.69% | 0.71% | 0.72% | 0.77% |
| Sula | 0.55% | 0.56% | 0.56% | 0.56% | 0.56% |
| Victor | 0.49% | 0.55% | 0.55% | 0.55% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Ravalli County, Montana
In Ravalli 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 Ravalli 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 Ravalli 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 instance, Florence has the highest median tax bill at $3,372, while Pinesdale has the lowest at $1,315. Being aware of these valuation processes in Ravalli 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 Ravalli County, Montana
Source: Ownwell
$194,605
$319,053
$443,500
Average Ravalli County Assessed Value
$388,190
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ravalli County, Montana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Conner | $12,449 | $69,728 | $272,950 | $420,375 | $676,627 |
| Corvallis | $71,756 | $271,636 | $402,650 | $533,225 | $704,900 |
| Darby | $58,662 | $216,557 | $357,448 | $523,675 | $782,200 |
| Florence | $188,557 | $353,200 | $443,500 | $554,400 | $691,600 |
| Hamilton | $109,282 | $251,410 | $362,850 | $481,450 | $682,100 |
| Pinesdale | $20,111 | $111,862 | $194,605 | $332,775 | $464,295 |
| Stevensville | $141,187 | $309,906 | $409,400 | $519,050 | $674,317 |
| Sula | $32,940 | $113,402 | $246,000 | $406,522 | $610,755 |
| Victor | $40,260 | $206,264 | $372,250 | $521,986 | $722,879 |
Source: Ownwell
Property Tax Bills Across Ravalli County, Montana
In Ravalli County, MT, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Ravalli County experience a range of tax bills, with the 25th percentile paying around $1,680 and the 75th percentile paying approximately $3,554 annually. The tax bill can go as high as $4,677 for those in the 90th percentile. Factors influencing the tax bill include the property's assessed value and any exemptions or deductions for which the homeowner qualifies. For instance, properties in Florence have the highest median tax bill at $3,372, while those in Pinesdale have the lowest at $1,315. Compared to the national median property tax rate of 0.99%, homeowners in Ravalli County may find their tax rates relatively moderate or high, depending on their property's assessed value and location within the county. This variability can significantly impact homeowners' annual financial planning and budgeting.
Average Ravalli County Tax Bill
$2,660
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Ravalli County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Conner | $82 | $500 | $1,513 | $2,346 | $3,754 |
| Corvallis | $567 | $1,699 | $2,568 | $3,436 | $4,564 |
| Darby | $465 | $1,199 | $2,010 | $2,888 | $4,327 |
| Florence | $1,431 | $2,635 | $3,372 | $4,217 | $5,292 |
| Hamilton | $587 | $1,644 | $2,582 | $3,487 | $4,610 |
| Pinesdale | $217 | $764 | $1,315 | $2,282 | $3,315 |
| Stevensville | $1,067 | $2,171 | $2,931 | $3,660 | $4,790 |
| Sula | $188 | $608 | $1,363 | $2,341 | $3,613 |
| Victor | $324 | $1,164 | $2,078 | $2,937 | $4,095 |
Source: Ownwell