Anaconda, Silver Bow County, Montana Property Taxes
The median property tax rate in Anaconda, MT is 0.69%, notably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Anaconda at $319,376, the typical annual property tax bill is $2,257, which is below the national median of $2,690. Property taxes in Anaconda are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Anaconda'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 Anaconda 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
Anaconda, Silver Bow County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$2,204
$2,045
Ownwell’s Anaconda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anaconda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anaconda 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 Anaconda, Silver Bow County, Montana
Property taxes in Anaconda, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Anaconda is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Anaconda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anaconda 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 Anaconda's effective property tax rate to other counties in Montana and the national median. For comparison, the 59711 zip code has both the highest and lowest median property tax rate in the area, at 0.69%. Understanding how these cities compare with Anaconda provides valuable insights into the varying tax landscape across Silver Bow County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anaconda Tax Rate
0.69%
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 Anaconda, Silver Bow County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59711 | 0.68% | 0.68% | 0.69% | 0.74% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Anaconda, Silver Bow County, Montana
In Anaconda, 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 Silver Bow 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 Anaconda, 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 Anaconda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 59711 has both the highest and lowest median tax bill at $2,257.
Property Tax Assessment Values Across Anaconda, Silver Bow County, Montana
Source: Ownwell
$207,300
$307,547
$407,793
Average Anaconda Assessed Value
$319,376
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 Anaconda, Silver Bow County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59711 | $47,921 | $192,984 | $319,376 | $428,578 | $502,934 |
Source: Ownwell
Property Tax Bills Across Anaconda, Silver Bow County, Montana
In Anaconda, located in Silver Bow County, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. The local tax rate is applied to this assessed value to calculate the annual tax bill. For instance, the median home price in Anaconda is $319,376, and property tax bills can vary significantly within the area. Factors that influence the tax bill include the property's assessed value, any applicable exemptions, and the specific tax rate set by local authorities. For homeowners in Anaconda, the 25th percentile tax bill is around $1,597, while the 75th percentile tax bill can reach $2,992. At the 90th percentile, tax bills rise to approximately $3,384. These figures illustrate the range of property tax responsibilities for homeowners, impacting their annual financial planning and overall cost of homeownership.
Average Anaconda Tax Bill
$2,257
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 Anaconda, Silver Bow County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59711 | $643 | $1,597 | $2,257 | $2,992 | $3,384 |
Source: Ownwell