Froid, Roosevelt County, Montana Property Taxes
The median property tax rate in Froid, MT is 1.07%, which is higher than both the national median of 0.99% and Montana's state median of 0.83%. With a median home value of $59,755 in Froid, the typical annual property tax bill amounts to $726, surpassing the national median of $2,690. Property taxes in Froid are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Froid'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 Froid or another part of Roosevelt County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Froid, Roosevelt County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$639
$593
Ownwell’s Froid Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Froid with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Froid 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 Roosevelt County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Froid, Roosevelt County, Montana
Property taxes in Froid, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Froid is 0.83%, which is lower than both the Montana state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Froid set these rates annually, and they can vary significantly across different neighborhoods. Each year, Froid 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 Froid's effective property tax rate to other counties in Montana and the national median. For comparison, the 59226 zip code has the highest median property tax rate of 0.83%, while the same 59226 zip code has the lowest median tax rate of 0.83%. Understanding how these cities compare with Froid 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 Froid Tax Rate
1.07%
Average Roosevelt County Tax Rate
0.97%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Froid, Roosevelt County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59226 | 0.87% | 1.05% | 1.07% | 1.07% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Froid, Roosevelt County, Montana
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Froid, Montana. 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 Froid, 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 Froid helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Froid is $59,755, with the median tax bill ranging from $266 at the 25th percentile to $1,977 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 59226, with a median tax bill of $726.
Property Tax Assessment Values Across Froid, Roosevelt County, Montana
Source: Ownwell
$38,730
$74,940
$111,150
Average Froid Assessed Value
$59,755
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 Froid, Roosevelt County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59226 | $6,397 | $22,368 | $59,755 | $132,550 | $206,163 |
Source: Ownwell
Property Tax Bills Across Froid, Roosevelt County, Montana
In Froid, located in Roosevelt County, MT, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's size, location, and condition. For homeowners in Froid, the median home price is approximately $59,755. The tax bills can vary significantly, with the 25th percentile at $266 and the 75th percentile at $1,386. For those at the 90th percentile, tax bills can reach up to $1,977. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, homeowners in Froid might find their tax bills relatively manageable, depending on their property's assessed value and specific tax circumstances.
Average Froid Tax Bill
$726
Average Roosevelt County Tax Bill
$882
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Froid, Roosevelt County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59226 | $81 | $266 | $726 | $1,386 | $1,977 |
Source: Ownwell