Plains, Montana Property Taxes
The median property tax rate in Plains, MT is 0.64%, which is considerably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Plains at $253,998, the typical annual property tax bill reaches $1,805, well below the national median of $2,690. Property taxes in Plains are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Plains' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Plains or another part of Sanders County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Plains, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,626
$1,508
Ownwell’s Plains Property Tax Bill Calculator allows homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in Plains with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plains 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 Plains, Montana
Property taxes in Plains, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plains is 0.64%, lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Plains set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plains 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 Plains' effective property tax rate to other counties in Montana and the national median. For comparison, the 59859 zip code has the highest median property tax rate of 0.64%, while also having the lowest median tax rate of 0.64%. Understanding how these cities compare with Plains 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 Plains 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 Plains, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59859 | 0.43% | 0.61% | 0.64% | 0.88% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Plains, Montana
In Plains, 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 Plains, 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 Plains helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Plains is $1,805 in the 59859 zip code, while the lowest is also $1,805 in the same zip code. This reflects the uniformity in property tax assessments within the area.
Average Plains Assessed Value
$253,998
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 Plains, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59859 | $33,600 | $142,421 | $253,998 | $373,958 | $482,774 |
Source: Ownwell
Property Tax Bills Across Plains, Montana
In Plains, located in Sanders County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's location, size, and condition can influence its assessed value. For homeowners in Plains, the median home price stands at $253,998. The tax bills vary significantly, with the 25th percentile at $1,089 and the 75th percentile reaching $2,438. At the higher end, the 90th percentile tax bill is $3,038. The highest and lowest median tax bills in the region both sit at $1,805, specifically in the 59859 zip code. These property taxes directly impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Plains homeowners experience a range of tax bills that reflect the assessed value of their properties, ensuring that local services are adequately funded.
Average Plains Tax Bill
$1,805
Average Sanders County Tax Bill
$1,839
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Plains, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59859 | $398 | $1,089 | $1,805 | $2,438 | $3,038 |
Source: Ownwell