Fishtail, Montana Property Taxes
The median property tax rate in Fishtail, MT is 0.55%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $334,762 in Fishtail, the typical annual property tax bill amounts to $1,945, which is below the national median of $2,690. Property taxes in Fishtail are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Fishtail's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Fishtail or another part of Stillwater County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fishtail, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,841
Ownwell’s Fishtail Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fishtail with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fishtail 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 Fishtail, Montana
Property taxes in Fishtail, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fishtail is 0.55%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Fishtail set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fishtail 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 Fishtail's effective property tax rate to other areas in Stillwater County and the national median. For comparison, the 59028 zip code has both the highest and lowest median property tax rate of 0.55%. Understanding how these areas compare with Fishtail 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 Fishtail Tax Rate
0.55%
Average Stillwater County Tax Rate
0.69%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fishtail, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59028 | 0.49% | 0.53% | 0.55% | 0.59% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Fishtail, Montana
In Fishtail, 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 Fishtail, 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 Fishtail helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1945, found in zip code 59028.
Average Fishtail Assessed Value
$334,762
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 Fishtail, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59028 | $112,115 | $229,611 | $334,762 | $483,245 | $735,077 |
Source: Ownwell
Property Tax Bills Across Fishtail, Montana
In Fishtail, located in Stillwater 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, who evaluates the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. For example, with the median home price at $334,762, homeowners in Fishtail might expect a tax bill ranging from $1,365 at the 25th percentile to $2,631 at the 75th percentile, and up to $3,900 at the 90th percentile. These property taxes are crucial as they fund essential public services such as schools, infrastructure, and emergency services. For homeowners, understanding how these taxes are calculated helps in financial planning and assessing the affordability of their homes. Comparing to the national median property tax rate of 0.99%, Fishtail's property tax rates may offer a different financial landscape, influencing both new buyers and current residents in their financial decisions.
Average Fishtail Tax Bill
$1,945
Average Stillwater County Tax Bill
$2,154
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Fishtail, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59028 | $789 | $1,365 | $1,945 | $2,631 | $3,900 |
Source: Ownwell