Molt, Stillwater County, Montana Property Taxes
The median property tax rate in MOLT, MT is 0.55%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in MOLT at $240,400, the typical annual property tax bill is $1,569, which is below the national median of $2,690. Property taxes in MOLT are calculated based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding MOLT'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 MOLT or another part of Stillwater County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Molt, Stillwater County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,322
$1,227
Ownwell’s MOLT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MOLT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MOLT 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 Molt, Stillwater County, Montana
Property taxes in MOLT, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in MOLT is 0.55%, which is significantly lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within MOLT set these rates annually, and they can vary significantly across different neighborhoods. Each year, MOLT 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 MOLT's effective property tax rate to other areas in Montana and the national median. For comparison, the zip code 59057 has both the highest and lowest median property tax rate of 0.55%, highlighting a consistent tax landscape within Stillwater County. Understanding how these rates compare with MOLT 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 Molt 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 Molt, Stillwater County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59057 | 0.46% | 0.50% | 0.55% | 0.65% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Molt, Stillwater County, Montana
In MOLT, 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 MOLT, 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 MOLT 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 $1569.00, found in zip code 59057.
Property Tax Assessment Values Across Molt, Stillwater County, Montana
Source: Ownwell
$198,050
$285,475
$372,900
Average Molt Assessed Value
$240,400
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 Molt, Stillwater County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59057 | $6,179 | $101,680 | $240,400 | $396,814 | $555,149 |
Source: Ownwell
Property Tax Bills Across Molt, Stillwater County, Montana
In MOLT, Stillwater County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessed value is a percentage of the market value of the property, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $240,400, homeowners can expect a range of annual tax bills. The 25th percentile tax bill is around $785, while the 75th percentile tax bill reaches approximately $2277, and the 90th percentile can go up to $3686. These tax bills can significantly affect homeowners, influencing their overall cost of living and potentially impacting their financial planning. Compared to the national median property tax rate of 0.99%, the property tax rates in Stillwater County can vary, reflecting the local government's budgetary needs and the services provided to residents.
Average Molt Tax Bill
$1,569
Average Stillwater County Tax Bill
$2,154
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Molt, Stillwater County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59057 | $27 | $785 | $1,569 | $2,277 | $3,686 |
Source: Ownwell