Stevensville, Montana Property Taxes
The median property tax rate in Stevensville, MT is 0.71%, 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 Stevensville at $409,400, the typical annual property tax bill reaches $2,931, slightly above the national median of $2,690. Property taxes in Stevensville 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 Stevensville'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 Stevensville 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
Stevensville, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$2,907
Ownwell’s Stevensville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stevensville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stevensville to estimate your property tax bill. This insightful 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Stevensville, Montana
Property taxes in Stevensville, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stevensville is 0.71%, lower than the U.S. national median of 0.99%. Local government entities within Stevensville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stevensville 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 Stevensville's effective property tax rate to other areas in Montana and the national median. For comparison, the zip code 59870 has both the highest and lowest median property tax rate of 0.71%. Understanding how these areas compare with Stevensville 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 Stevensville Tax Rate
0.71%
Average Ravalli County Tax Rate
0.65%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stevensville, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59870 | 0.65% | 0.69% | 0.71% | 0.72% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Stevensville, Montana
In Stevensville, 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 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 Stevensville, 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 Stevensville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,931, found in zip code 59870.
Average Stevensville Assessed Value
$409,400
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 Stevensville, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59870 | $141,187 | $309,906 | $409,400 | $519,050 | $674,317 |
Source: Ownwell
Property Tax Bills Across Stevensville, Montana
In Stevensville, located in Ravalli County, MT, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local tax assessors who evaluate the market value of the property. Once the assessed value is established, the property tax rate is applied to this value to calculate the tax bill. Homeowners in Stevensville can expect varying property tax bills depending on the value of their homes. For instance, the 25th percentile tax bill is around $2,171, while the 75th percentile tax bill rises to approximately $3,660. At the higher end, the 90th percentile reaches about $4,790. These figures show a range of tax obligations that homeowners might face, reflecting the diverse property values within the area. Compared to the national median property tax rate of 0.99%, Stevensville's tax bills highlight the importance of understanding local tax rates and assessed values. This knowledge is crucial for homeowners to budget effectively and anticipate their annual property tax obligations.
Average Stevensville Tax Bill
$2,931
Average Ravalli County Tax Bill
$2,660
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Stevensville, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59870 | $1,067 | $2,171 | $2,931 | $3,660 | $4,790 |
Source: Ownwell