Pinesdale, Montana Property Taxes
The median property tax rate in Pinesdale, MT is 0.67%, considerably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Pinesdale at $194,605, the typical annual property tax bill reaches $1,315, which is significantly below the national median of $2,690. Property taxes in Pinesdale 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 Pinesdale'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 Pinesdale or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pinesdale, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$1,304
Ownwell’s Pinesdale Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Pinesdale. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in Pinesdale to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed insights, scroll down to explore neighborhood-level trends. Remember, your property’s assessed value is determined by the county for tax calculations and includes any applicable exemptions.
Property Tax Rates Across Pinesdale, Montana
Property taxes in Pinesdale, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pinesdale is 0.67%, which is lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Pinesdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pinesdale 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 Pinesdale's effective property tax rate to other areas in Montana and the national median. For comparison, the zip code 59840 has the highest median property tax rate of 0.67%, while the zip code 59841 has the lowest median tax rate of 0.67%. Understanding how these areas compare with Pinesdale provides valuable insights into the varying tax landscape across Ravalli County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pinesdale Tax Rate
0.67%
Average Ravalli County Tax Rate
0.65%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pinesdale, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59840 | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% |
| 59841 | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Pinesdale, Montana
In Pinesdale, 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 Ravalli County Assessor's Office 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 Pinesdale, 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 Pinesdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $1,315 in zip code 59841, while the lowest is $1,260 in zip code 59840.
Average Pinesdale Assessed Value
$194,605
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 Pinesdale, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59840 | $139,533 | $157,492 | $187,424 | $217,357 | $235,316 |
| 59841 | $18,617 | $111,160 | $194,605 | $337,190 | $464,432 |
Source: Ownwell
Property Tax Bills Across Pinesdale, Montana
In Pinesdale, located in Ravalli County, MT, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors influence the tax bill, including the property's location, size, and condition. In Pinesdale, homeowners can expect a wide range of tax bills. For instance, the 25th percentile tax bill is around $764, while the 75th percentile is approximately $2,282. At the 90th percentile, homeowners might see tax bills as high as $3,315. Comparatively, the national median property tax rate is 0.99%, which helps put these figures into perspective. These property taxes fund essential local services such as schools, public safety, and infrastructure. Therefore, while the tax bill can be a significant expense for homeowners, it also supports the community's overall well-being and development.
Average Pinesdale Tax Bill
$1,315
Average Ravalli County Tax Bill
$2,660
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Pinesdale, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59840 | $938 | $1,058 | $1,260 | $1,461 | $1,582 |
| 59841 | $213 | $756 | $1,315 | $2,294 | $3,365 |
Source: Ownwell