Divide, Montana Property Taxes
The median property tax rate in Divide, MT is 0.69%, which is notably lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Divide at $407,793, the typical annual property tax bill reaches $2,835, slightly above the national median of $2,690. Property taxes in Divide are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Divide'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 Divide or another part of Silver Bow County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Divide, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$2,814
$2,611
Ownwell’s DIVIDE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DIVIDE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DIVIDE 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 Divide, Montana
Property taxes in Divide, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Divide is 0.69%, lower than both the Montana state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Divide set these rates annually, and they can vary significantly across different neighborhoods. Each year, Divide 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 Divide's effective property tax rate to other counties in Montana and the national median. For comparison, the 59727 zip code has both the highest and lowest median property tax rate of 0.69%. Understanding how these cities compare with Divide 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 Divide 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 Divide, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59727 | 0.65% | 0.67% | 0.69% | 0.72% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Divide, Montana
In Divide, 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 Divide, 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 Divide helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Divide is $2,835 in the 59727 zip code, which is also the lowest median tax bill in the area.
Average Divide Assessed Value
$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 Divide, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59727 | $189,228 | $260,515 | $407,793 | $643,170 | $786,316 |
Source: Ownwell
Property Tax Bills Across Divide, Montana
In Divide, located in Silver Bow County, MT, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. This assessed value often reflects a percentage of the market value of the home. Homeowners in Divide can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $1,819 and the 75th percentile reaching $4,277. The highest median tax bill in the area is $2,835, which is considerably higher than the national median property tax rate of 0.99%. Several factors influence the property tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or abatements. For homeowners, this means that their annual tax bill can significantly impact their overall housing costs. Understanding these factors is crucial for effective financial planning and ensuring that homeowners are not caught off guard by their tax obligations. The variability in tax bills underscores the importance of staying informed about local tax assessments and potential changes in property values.
Average Divide Tax Bill
$2,835
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 Divide, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59727 | $1,428 | $1,819 | $2,835 | $4,277 | $5,222 |
Source: Ownwell