Roscoe, Montana Property Taxes
The median property tax rate in Roscoe, MT is 0.58%, significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With a median home value of $475,300 in Roscoe, the typical annual property tax bill amounts to $2,763, slightly above the national median of $2,690. Property taxes in Roscoe 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 Roscoe'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 Roscoe 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
Roscoe, Montana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,660
Ownwell’s Roscoe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roscoe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roscoe 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 Roscoe, Montana
Property taxes in Roscoe, Montana, are essential in funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Roscoe is 0.58%, which is lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Roscoe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roscoe 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 Roscoe's effective property tax rate to other counties in Montana and the national median. For comparison, the 59071 zip code has both the highest and lowest median property tax rate of 0.58%. Understanding how these areas compare with Roscoe 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 Roscoe Tax Rate
0.58%
Average Stillwater County Tax Rate
0.69%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roscoe, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59071 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Roscoe, Montana
In Roscoe, 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 Roscoe, 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 Roscoe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Roscoe, the highest and lowest median tax bills are both $2763, with the zip code 59071.
Average Roscoe Assessed Value
$475,300
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 Roscoe, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59071 | $475,300 | $475,300 | $475,300 | $475,300 | $475,300 |
Source: Ownwell
Property Tax Bills Across Roscoe, Montana
In Roscoe, located in Stillwater County, MT, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local tax assessors who evaluate the market value of the property. Homeowners in Roscoe can expect a median home price of $475,300. The tax rate is applied to this assessed value to determine the annual property tax bill. For Roscoe, property tax bills show a consistent figure, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $2,763. This uniformity indicates a stable tax rate across different property values within the city. When compared to the national median property tax rate of 0.99%, homeowners in Roscoe experience a predictable tax environment. Understanding how these factors interplay helps homeowners anticipate their annual financial obligations and plan accordingly. For those living in the 59071 zip code, this consistency in tax bills can provide a sense of financial stability.
Average Roscoe Tax Bill
$2,763
Average Stillwater County Tax Bill
$2,154
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Roscoe, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59071 | $2,763 | $2,763 | $2,763 | $2,763 | $2,763 |
Source: Ownwell