Noxon, Montana Property Taxes
The median property tax rate in Noxon, MT is 0.64%, which is significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $270,300 in Noxon, the typical annual property tax bill amounts to $1,723, well below the national median of $2,690. Property taxes in Noxon are calculated based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Noxon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Noxon or another part of Sanders County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Noxon, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,730
$1,605
Ownwell’s Noxon Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Noxon with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Noxon to provide an estimate of 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 Sanders County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Noxon, Montana
Property taxes in Noxon, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Noxon is 0.64%, lower than the U.S. national median of 0.99%. Local government entities within Noxon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Noxon 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 Noxon's effective property tax rate to other areas in Montana and the national median. For comparison, the 59853 zip code has both the highest and lowest median property tax rate of 0.64%. Understanding how these areas compare with Noxon 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 Noxon Tax Rate
0.64%
Average Sanders County Tax Rate
0.66%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Noxon, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59853 | 0.40% | 0.59% | 0.64% | 0.69% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Noxon, Montana
In Noxon, 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 Noxon, 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 Noxon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 59853 has the highest and lowest median tax bill at $1,723, illustrating the variability in tax burdens within the region.
Average Noxon Assessed Value
$270,300
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 Noxon, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59853 | $25,190 | $145,400 | $270,300 | $407,736 | $559,000 |
Source: Ownwell
Property Tax Bills Across Noxon, Montana
In Noxon, located in Sanders County, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. For instance, the median home price in Noxon is $270,300. The tax bill for properties in the 25th percentile is $965, while those in the 75th percentile see bills around $2,588. At the 90th percentile, homeowners can expect to pay approximately $3,496. Several factors influence these tax bills, including the home's assessed value and any applicable exemptions or deductions. The local tax rate is applied to the assessed value to determine the final tax bill. Homeowners in Noxon may find their tax bills significantly lower or higher than the national median property tax rate of 0.99%, depending on their property's assessed value. Understanding these factors can help homeowners anticipate their tax obligations and potentially seek exemptions or appeals to lower their tax burden.
Average Noxon Tax Bill
$1,723
Average Sanders County Tax Bill
$1,839
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Noxon, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59853 | $364 | $965 | $1,723 | $2,588 | $3,496 |
Source: Ownwell