Culbertson, Montana Property Taxes
The median property tax rate in Culbertson, MT is 0.93%, which is slightly below the national median of 0.99% but higher than the Montana state median of 0.83%. With a median home value of $104,700 in Culbertson, the typical annual property tax bill is approximately $959, significantly lower than the national median of $2,690. Property taxes in Culbertson are determined based on the assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Navigating Culbertson's property tax system, exploring available exemptions, and identifying potential reductions can lead to substantial annual savings. Whether you're located in the heart of Culbertson or elsewhere in Roosevelt County, a thorough understanding of the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Culbertson, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$974
Ownwell’s Culbertson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Culbertson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Culbertson 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 Culbertson, Montana
Property taxes in Culbertson, Montana, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Culbertson is 0.93%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Culbertson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Culbertson 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 Culbertson's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59218 has the highest median property tax rate of 0.93%, while the same zip code also has the lowest median tax rate of 0.93%. Understanding how these cities compare with Culbertson 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 Culbertson Tax Rate
0.93%
Average Roosevelt County Tax Rate
0.97%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Culbertson, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59218 | 0.74% | 0.92% | 0.93% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Culbertson, Montana
In Culbertson, 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 Culbertson, 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. The median home price in Culbertson is $104,700, with median tax bills ranging from $493 at the 25th percentile to $2,079 at the 90th percentile. Being aware of these valuation processes in Culbertson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Culbertson Assessed Value
$104,700
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 Culbertson, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59218 | $18,500 | $51,290 | $104,700 | $165,690 | $231,408 |
Source: Ownwell
Property Tax Bills Across Culbertson, Montana
In Culbertson, located in Roosevelt County, MT, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. The median home price in Culbertson is $104,700. To determine the tax bill, the assessed value is considered alongside factors such as local government budgets, school funding, and public services. This ensures that homeowners contribute fairly to the community's needs. The tax bill can vary significantly. For instance, the 25th percentile tax bill is $493, while the 75th percentile tax bill reaches $1,518, and the 90th percentile tax bill can go up to $2,079. The highest and lowest median tax bills in the area both stand at $959, specifically in the 59218 zip code. Compared to the national median property tax rate of 0.99%, these figures highlight how local factors influence tax bills. Homeowners in Culbertson should be aware of these variables, as they directly impact the amount they owe annually.
Average Culbertson Tax Bill
$959
Average Roosevelt County Tax Bill
$882
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Culbertson, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59218 | $231 | $493 | $959 | $1,518 | $2,079 |
Source: Ownwell