Scobey, Montana Property Taxes
The median property tax rate in Scobey, MT is 1.02%, slightly above both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Scobey at $114,300, the typical annual property tax bill is around $999, which is below the national median of $2,690. Property taxes in Scobey are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Scobey'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 Scobey or another part of Roosevelt County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Scobey, Montana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,660
Ownwell’s Scobey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scobey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scobey 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 Scobey, Montana
Property taxes in Scobey, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scobey is 0.83%, which is lower than both the Montana state median of 0.87% and the U.S. national median of 0.99%. Local government entities within Scobey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scobey 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 Scobey's effective property tax rate to other counties in Montana and the national median. For comparison, the 59263 zip code has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Scobey provides valuable insights into the varying tax landscape across Daniels County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Scobey Tax Rate
1.02%
Average Roosevelt County Tax Rate
0.97%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scobey, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59263 | 0.90% | 0.95% | 1.02% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Scobey, Montana
In Scobey, 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 Scobey, 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 Scobey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in the area is $999, with the highest and lowest median tax bills both found in zip code 59263.
Average Scobey Assessed Value
$114,300
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 Scobey, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59263 | $84,479 | $95,662 | $114,300 | $129,419 | $138,490 |
Source: Ownwell
Property Tax Bills Across Scobey, Montana
In Scobey, located in Roosevelt County, MT, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $114,300, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. The 25th percentile of tax bills is around $892, while the 75th percentile reaches up to $1,248, and the 90th percentile can go as high as $1,398. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners should be aware that these taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Scobey's property tax rates can provide a more affordable option for homeowners, contributing to the overall cost of living and financial planning. Understanding these elements can help homeowners anticipate their tax obligations and manage their finances effectively.
Average Scobey Tax Bill
$999
Average Roosevelt County Tax Bill
$882
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Scobey, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59263 | $827 | $892 | $999 | $1,248 | $1,398 |
Source: Ownwell