Sheridan County Property Taxes
The median property tax rate in Sheridan County is 1.29%, which is significantly higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Sheridan County at $91,094, the typical annual property tax bill reaches $1,221, which is still below the national median of $2,690. Property taxes in Sheridan County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Sheridan County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in a city like Plentywood or another part of Sheridan County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sheridan County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$1,175
$1,090
Ownwell’s Sheridan County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Sheridan County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Sheridan County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Sheridan County, Montana
Property taxes in Sheridan County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Sheridan County is 1.29%, which is higher than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Sheridan County set these rates annually, and they can vary significantly between different areas within the county. Each year, Sheridan County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Sheridan County's effective property tax rate with other counties in Montana and the national median. For comparison, the city of Medicine Lake has one of the higher property tax rates in Montana at 1.55%, while the city of Homestead boasts one of the lowest at 1.10%. Analyzing how Sheridan County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Sheridan County Tax Rate
1.29%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sheridan County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Antelope | 1.05% | 1.05% | 1.16% | 1.31% | 1.47% |
| Dagmar | 1.04% | 1.09% | 1.18% | 1.34% | 1.47% |
| Flaxville | 1.08% | 1.09% | 1.10% | 1.11% | 1.12% |
| Froid | 1.09% | 1.10% | 1.13% | 1.23% | 1.32% |
| Grenora | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
| Homestead | 1.00% | 1.08% | 1.10% | 1.23% | 1.37% |
| Medicine Lake | 1.09% | 1.46% | 1.55% | 1.66% | 1.77% |
| Outlook | 1.12% | 1.27% | 1.33% | 1.68% | 2.12% |
| Plentywood | 1.15% | 1.22% | 1.29% | 1.35% | 1.48% |
| Raymond | 1.04% | 1.04% | 1.12% | 1.24% | 1.46% |
| Redstone | 1.09% | 1.11% | 1.18% | 1.43% | 1.61% |
| Reserve | 1.09% | 1.13% | 1.24% | 1.49% | 2.27% |
| Westby | 1.06% | 1.22% | 1.43% | 1.59% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Sheridan County, Montana
In Sheridan County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Sheridan County Appraisal District. The assessed value, however, 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. Assessment notices in Sheridan County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Sheridan County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Sheridan County, Froid has the highest median tax bill at $1,798, while Flaxville has the lowest at $265.
Average Sheridan County Assessed Value
$91,094
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sheridan County, Montana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Antelope | $7,920 | $28,455 | $98,600 | $174,526 | $300,213 |
| Dagmar | $33,220 | $77,990 | $123,274 | $185,934 | $300,078 |
| Flaxville | $11,092 | $16,061 | $24,342 | $32,624 | $37,592 |
| Froid | $83,127 | $118,036 | $143,241 | $169,566 | $186,044 |
| Grenora | $87,830 | $87,830 | $87,830 | $87,830 | $87,830 |
| Homestead | $9,709 | $30,812 | $103,011 | $144,924 | $262,816 |
| Medicine Lake | $4,749 | $18,870 | $54,700 | $99,872 | $159,691 |
| Outlook | $2,780 | $20,234 | $80,730 | $145,284 | $212,465 |
| Plentywood | $20,542 | $53,700 | $103,600 | $156,900 | $222,571 |
| Raymond | $6,048 | $29,305 | $91,503 | $143,483 | $284,903 |
| Redstone | $1,907 | $6,409 | $33,196 | $128,778 | $284,675 |
| Reserve | $4,240 | $42,050 | $77,700 | $180,213 | $253,848 |
| Westby | $10,555 | $33,000 | $72,365 | $134,459 | $202,652 |
Source: Ownwell
Property Tax Bills Across Sheridan County, Montana
In Sheridan County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Sheridan County is $91,094. Property taxes are then applied to this assessed value using the county's tax rate. For homeowners in Sheridan County, tax bills can vary significantly. At the 25th percentile, property tax bills are around $588, while at the 75th percentile, they can reach approximately $1,985. For those in the 90th percentile, tax bills can be as high as $2,937. Several factors influence these tax bills, including the assessed value of the property, any applicable exemptions, and the specific tax rate set by local authorities. High median tax bills are seen in cities like Froid, where they reach $1,798, while lower median tax bills are found in Flaxville at $265. These property taxes directly impact homeowners by influencing their annual financial obligations and the affordability of owning a home in Sheridan County.
Average Sheridan County Tax Bill
$1,221
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Sheridan County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Antelope | $95 | $481 | $1,249 | $2,339 | $4,136 |
| Dagmar | $368 | $912 | $1,377 | $2,306 | $3,848 |
| Flaxville | $123 | $176 | $265 | $353 | $407 |
| Froid | $918 | $1,369 | $1,798 | $2,012 | $2,233 |
| Grenora | $1,074 | $1,074 | $1,074 | $1,074 | $1,074 |
| Homestead | $114 | $395 | $1,149 | $1,679 | $3,075 |
| Medicine Lake | $79 | $300 | $855 | $1,477 | $2,358 |
| Outlook | $52 | $358 | $1,289 | $2,114 | $3,226 |
| Plentywood | $314 | $767 | $1,367 | $2,017 | $2,821 |
| Raymond | $114 | $540 | $1,246 | $1,849 | $3,409 |
| Redstone | $23 | $129 | $520 | $1,972 | $3,807 |
| Reserve | $128 | $551 | $1,086 | $2,405 | $3,368 |
| Westby | $150 | $498 | $1,049 | $1,818 | $2,666 |
Source: Ownwell