Silver Bow County, Montana Property Taxes
The median property tax rate in Silver Bow County is 1.08%, 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 Silver Bow County at $209,800, the typical annual property tax bill reaches $2,299, which is below the national median of $2,690. Property taxes in Silver Bow County are calculated based on the tax assessed value, often lower than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Silver Bow 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 Butte or another part of Silver Bow County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Silver Bow County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,266
$2,103
Ownwell’s Silver Bow Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Silver Bow with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Silver Bow to provide an estimate of your property tax bill. This invaluable tool helps you understand your potential tax liabilities. If you’re interested in seeing trends on a city level, scroll down to access more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, factoring in any exemptions you may qualify for.
Property Tax Rates Across Silver Bow County, Montana
Property taxes in Silver Bow County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Silver Bow County is 1.08%, which is higher than the U.S. national median of 0.99%. Local government entities within Silver Bow County set these rates annually, and they can vary significantly between different areas within the county. Each year, Silver Bow 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. For comparison, the city of Butte has one of the higher property tax rates in Montana at 1.08%, while the city of Divide boasts one of the lowest at 0.69%. Analyzing how Silver Bow County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Silver Bow County Tax Rate
1.08%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Silver Bow County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anaconda | 0.68% | 0.68% | 0.69% | 0.74% | 0.82% |
| Butte | 0.78% | 0.99% | 1.08% | 1.20% | 1.40% |
| Divide | 0.65% | 0.67% | 0.69% | 0.72% | 0.81% |
| Melrose | 0.77% | 0.82% | 0.84% | 0.90% | 0.98% |
| Ramsay | 0.63% | 0.69% | 0.73% | 0.76% | 0.81% |
| Walkerville | N/A | N/A | N/A | N/A | N/A |
| Whitehall | 0.73% | 0.74% | 0.75% | 0.77% | 0.86% |
| Wise River | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Silver Bow County, Montana
In Silver Bow 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 Silver Bow 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 Silver Bow 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 Silver Bow County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. The highest median tax bill in the county is in Divide at $2,835, while Walkerville has the lowest at $518.
Property Tax Assessment Values Across Silver Bow County, Montana
Source: Ownwell
$207,300
$307,547
$407,793
Average Silver Bow County Assessed Value
$209,800
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Silver Bow County, Montana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anaconda | $47,921 | $192,984 | $319,376 | $428,578 | $502,934 |
| Butte | $44,801 | $134,100 | $208,500 | $302,100 | $422,934 |
| Divide | $189,228 | $260,515 | $407,793 | $643,170 | $786,316 |
| Melrose | $40,540 | $124,596 | $207,300 | $277,340 | $420,725 |
| Ramsay | $146,988 | $188,053 | $258,057 | $388,981 | $545,075 |
| Walkerville | N/A | N/A | N/A | N/A | N/A |
| Whitehall | $93,073 | $173,805 | $217,344 | $245,144 | $409,493 |
| Wise River | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Silver Bow County, Montana
In Silver Bow County, MT, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the county’s tax rate to calculate the annual tax bill. Factors such as property location, size, and market conditions play a significant role in determining the assessed value. For instance, the median home price in Silver Bow County is $209,800. Homeowners in Silver Bow County can expect varying tax bills depending on their property's value. The tax bill at the 25th percentile is $1,577, while at the 75th percentile, it rises to $3,096. At the 90th percentile, it reaches $3,997. The highest median tax bill in the county is found in Divide, at $2,835, contrasting sharply with Walkerville, where the lowest median tax bill is $518. These variations significantly impact homeowners, influencing their overall cost of living and financial planning. The national median property tax rate is 0.99%, providing a benchmark for comparison.
Average Silver Bow County Tax Bill
$2,299
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Silver Bow County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anaconda | $643 | $1,597 | $2,257 | $2,992 | $3,384 |
| Butte | $815 | $1,588 | $2,307 | $3,103 | $3,996 |
| Divide | $1,428 | $1,819 | $2,835 | $4,277 | $5,222 |
| Melrose | $543 | $1,150 | $1,846 | $2,389 | $4,109 |
| Ramsay | $775 | $1,311 | $1,859 | $2,770 | $3,842 |
| Walkerville | N/A | N/A | N/A | N/A | N/A |
| Whitehall | $825 | $1,314 | $1,641 | $1,848 | $2,977 |
| Wise River | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell