Lonepine, Montana Property Taxes
The median property tax rate in Lonepine, MT is 1.01%, slightly higher than both the national median of 0.99% and Montana's state median of 0.83%. With the median home value in Lonepine at $171,535, the typical annual property tax bill reaches $2,434, which is below the national median of $2,690. Property taxes in Lonepine 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 Lonepine'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 Lonepine 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
Lonepine, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,733
$1,608
Ownwell’s Lonepine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lonepine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lonepine 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 Lonepine, Montana
Property taxes in Lonepine, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lonepine is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Lonepine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lonepine 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 Lonepine's effective property tax rate to other counties in Montana and the national median. For comparison, the zip code 59848 has both the highest and lowest median property tax rate of 1.01%, showing a uniform tax landscape within Sanders County. Understanding how these cities compare with Lonepine provides valuable insights into the varying tax landscape across Sanders County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lonepine Tax Rate
1.01%
Average Sanders County Tax Rate
0.66%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lonepine, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59848 | 0.85% | 0.90% | 1.01% | 1.52% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Lonepine, Montana
In Lonepine, 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 Sanders 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 Lonepine, 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 Lonepine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 59848, with a bill of $2,434, while the lowest is also 59848, with the same median tax bill.
Average Lonepine Assessed Value
$171,535
Average Sanders County Assessed Value
$243,800
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lonepine, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59848 | $8,538 | $113,550 | $171,535 | $247,358 | $320,566 |
Source: Ownwell
Property Tax Bills Across Lonepine, Montana
In Lonepine, Sanders County, MT, property tax bills are calculated based on the assessed value of your property, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Lonepine is $171,535, and the property tax rate is influenced by various factors, including local government budgets and school district funding needs. Homeowners in Lonepine can expect tax bills that vary significantly. For instance, the 25th percentile tax bill is $1,279, while the 75th percentile tax bill reaches $3,625. The highest tax bill in the area can go up to $4,949, reflecting the disparities in property values and tax rates within the region. Compared to the national median property tax rate of 0.99%, Lonepine's property taxes can be relatively high, impacting homeowners' annual expenses. Understanding these factors can help homeowners better anticipate their property tax obligations and plan their finances accordingly.
Average Lonepine Tax Bill
$2,434
Average Sanders County Tax Bill
$1,839
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Lonepine, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59848 | $979 | $1,279 | $2,434 | $3,625 | $4,949 |
Source: Ownwell