Columbus, Montana Property Taxes
The median property tax rate in Columbus, MT is 0.70%, which is lower than both the national median of 0.99% and Montana's state median of 0.83%. With the median home value in Columbus, the typical annual property tax bill reaches $2,227, falling below the national median of $2,690. Property taxes in Columbus 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 Columbus'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 Columbus 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
Columbus, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$2,185
Ownwell’s Columbus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Columbus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Columbus 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 Columbus, Montana
Property taxes in Columbus, Montana, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Columbus is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Columbus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Columbus 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 Columbus's effective property tax rate to other counties in Montana and the national median. For comparison, the 59019 zip code has both the highest and lowest median property tax rate of 0.70%. Understanding how these cities compare with Columbus provides valuable insights into the varying tax landscape across Stillwater County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Columbus Tax Rate
0.70%
Average Stillwater County Tax Rate
0.69%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Columbus, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59019 | 0.62% | 0.66% | 0.70% | 0.76% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Columbus, Montana
In Columbus, 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 Stillwater 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 Columbus, 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 Columbus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Columbus is $312,100, with tax bills ranging from $1,503 at the 25th percentile to $3,928 at the 90th percentile. The highest and lowest median tax bill, both at $2,227, are found in zip code 59019.
Average Columbus Assessed Value
$312,100
Average Stillwater County Assessed Value
$299,005
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Columbus, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59019 | $77,226 | $207,705 | $312,100 | $443,576 | $588,499 |
Source: Ownwell
Property Tax Bills Across Columbus, Montana
In Columbus, located in Stillwater County, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Columbus is $312,100. Homeowners in this area can expect their property tax bills to vary widely, with the 25th percentile tax bill at $1,503 and the 75th percentile tax bill reaching $3,042. For those at the 90th percentile, the tax bill can be as high as $3,928. The calculation begins with the county assessor determining the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the assessed value include the property's location, size, and condition. Compared to the national median property tax rate of 0.99%, homeowners in Columbus may experience different financial impacts depending on their property's assessed value and the specific tax rate applied. Understanding these factors helps homeowners anticipate their annual property tax obligations.
Average Columbus Tax Bill
$2,227
Average Stillwater County Tax Bill
$2,154
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Columbus, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59019 | $636 | $1,503 | $2,227 | $3,042 | $3,928 |
Source: Ownwell