Outlook, Montana Property Taxes
The median property tax rate in Outlook, MT is 1.33%, considerably higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Outlook, the typical annual property tax bill reaches $1,289, exceeding the national median of $2,690. Property taxes in Outlook 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 Outlook'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 Outlook 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
Outlook, 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 OUTLOOK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in OUTLOOK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in OUTLOOK 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 Outlook, Montana
Property taxes in Outlook, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Outlook is 1.33%, higher than the U.S. national median of 0.99%. Local government entities within Outlook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Outlook 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 Outlook's effective property tax rate to other counties in Montana and the national median. For comparison, the 59252 zip code has the highest median property tax rate of 1.33%, while the same zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Outlook provides valuable insights into the varying tax landscape across Sheridan, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Outlook Tax Rate
1.33%
Average Sheridan County Tax Rate
1.29%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Outlook, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59252 | 1.12% | 1.27% | 1.33% | 1.68% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Outlook, Montana
In OUTLOOK, 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 Sheridan 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 OUTLOOK, 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 OUTLOOK helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the 59252 zip code is $1289, while the lowest is also $1289, reflecting uniformity in tax assessments within the area.
Average Outlook Assessed Value
$80,730
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 Outlook, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59252 | $2,780 | $20,234 | $80,730 | $145,284 | $212,465 |
Source: Ownwell
Property Tax Bills Across Outlook, Montana
In Outlook, located in Sheridan County, MT, property tax bills are calculated based on the assessed value of a home, 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. Several factors influence the assessed value, including the home's market value, location, and any improvements or additions made to the property. For homeowners in Outlook, the property tax rate can have a significant impact on their annual expenses. With a median home price of $80,730, the tax bills in this area can vary widely. For example, the tax bill at the 25th percentile is $358, while at the 75th percentile, it can reach $2,114. At the 90th percentile, homeowners might see tax bills as high as $3,226. This variation highlights the importance of understanding how property taxes are calculated and the potential financial implications for homeowners in Outlook. The national median property tax rate is 0.99%, offering a point of comparison for local rates.
Average Outlook Tax Bill
$1,289
Average Sheridan County Tax Bill
$1,221
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Outlook, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59252 | $52 | $358 | $1,289 | $2,114 | $3,226 |
Source: Ownwell