Brockton, Montana Property Taxes
The median property tax rate in Brockton, Montana 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 Brockton at $38,730, the typical annual property tax bill is $282, significantly below the national median of $2,690. Property taxes in Brockton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Brockton'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 Brockton 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
Brockton, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$275
Ownwell’s Brockton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brockton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brockton 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 Brockton, Montana
Property taxes in Brockton, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brockton is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Brockton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brockton 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 Brockton's effective property tax rate to other areas in Montana and the national median. For comparison, the zip code 59213 has the highest median property tax rate of 0.71%, while the same zip code also has the lowest median tax rate of 0.71%. Understanding how these areas compare with Brockton provides valuable insights into the varying tax landscape across Roosevelt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brockton Tax Rate
0.71%
Average Roosevelt County Tax Rate
0.97%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brockton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59213 | 0.69% | 0.71% | 0.71% | 0.77% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Brockton, Montana
In Brockton, 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 Roosevelt 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 Brockton, 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 Brockton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $282.00, while the lowest is also $282.00, both in zip code 59213.
Average Brockton Assessed Value
$38,730
Average Roosevelt County Assessed Value
$76,200
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brockton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59213 | $2,460 | $13,400 | $38,730 | $74,528 | $176,631 |
Source: Ownwell
Property Tax Bills Across Brockton, Montana
In Brockton, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the local assessor’s office and is meant to reflect the market value of the property. Several factors contribute to this assessment, including the size of the property, the condition of the home, and recent sale prices of similar properties in the area. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Brockton, property taxes can vary significantly. For instance, the 25th percentile tax bill is $114, while at the 75th percentile, it’s $825, and at the 90th percentile, it reaches $1,872. These variations can impact homeowners differently based on their property’s assessed value. Compared to the national median property tax rate of 0.99%, Brockton's tax rates may offer some relief or pose a higher burden, depending on individual circumstances. The highest and lowest median tax bills in the area are both $282, reflecting a relatively narrow range in median tax obligations.
Average Brockton Tax Bill
$282
Average Roosevelt County Tax Bill
$882
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Brockton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59213 | $32 | $114 | $282 | $825 | $1,872 |
Source: Ownwell