Sweet Grass County, Montana Property Taxes
The median property tax rate in Sweet Grass County is 0.62%, which is significantly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Sweet Grass County at $300,700, the typical annual property tax bill reaches $1,821, which is well below the national median of $2,690. Property taxes in Sweet Grass County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Sweet Grass County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Big Timber or another part of Sweet Grass County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sweet Grass County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$1,864
$1,730
Ownwell’s Sweet Grass Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Sweet Grass with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Sweet Grass to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Sweet Grass County, Montana
Property taxes in Sweet Grass play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Sweet Grass is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Sweet Grass set these rates annually, and they can vary significantly between different areas within the county. Each year, Sweet Grass estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Sweet Grass's effective property tax rate with other counties and the national median. For comparison, the city of Melville has one of the higher property tax rates in Montana at 0.64%, while the city of Mc Leod boasts one of the lowest at 0.49%. Analyzing how Sweet Grass's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Sweet Grass County Tax Rate
0.62%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sweet Grass County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Timber | 0.49% | 0.54% | 0.63% | 0.63% | 0.64% |
| Greycliff | 0.49% | 0.49% | 0.57% | 0.57% | 0.66% |
| Mc Leod | 0.48% | 0.48% | 0.49% | 0.53% | 0.57% |
| Melville | 0.54% | 0.62% | 0.64% | 0.72% | 0.82% |
| Reed Point | 0.49% | 0.54% | 0.64% | 0.68% | 0.74% |
| Shawmut | N/A | N/A | N/A | N/A | N/A |
| Springdale | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Sweet Grass County, Montana
In Sweet Grass County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Sweet Grass County Appraisal District. The assessed value, however, 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. Assessment notices in Sweet Grass County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, homeowners in Springdale face the highest median tax bill at $2,764, while those in Greycliff have the lowest at $637. Being aware of these valuation processes in Sweet Grass County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Sweet Grass County, Montana
Source: Ownwell
$87,615
$261,930
$436,244
Average Sweet Grass County Assessed Value
$300,700
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sweet Grass County, Montana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Timber | $90,285 | $205,800 | $297,950 | $456,875 | $659,100 |
| Greycliff | $11,867 | $28,432 | $87,615 | $451,798 | $720,278 |
| Mc Leod | $151,286 | $238,774 | $436,244 | $717,186 | $1,039,170 |
| Melville | $119,290 | $158,944 | $311,175 | $608,392 | $971,873 |
| Reed Point | $52,014 | $144,230 | $352,300 | $480,422 | $670,580 |
| Shawmut | N/A | N/A | N/A | N/A | N/A |
| Springdale | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Sweet Grass County, Montana
In Sweet Grass County, MT, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value. Several factors influence this calculation, including the property's location, size, and any improvements made. Homeowners in Sweet Grass County experience a range of tax bills, reflecting these nuances. For instance, the tax bill at the 25th percentile is $1,232, while at the 75th percentile, it reaches $2,717. At the 90th percentile, it can go as high as $3,930. The city of Springdale has the highest median tax bill at $2,764, whereas Greycliff has the lowest at $637. These figures highlight the variability within the county. Compared to the national median property tax rate of 0.99%, Sweet Grass County's rates can vary significantly, impacting homeowners differently based on their property's assessed value and location within the county.
Average Sweet Grass County Tax Bill
$1,821
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Sweet Grass County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Timber | $550 | $1,276 | $1,818 | $2,639 | $3,799 |
| Greycliff | $84 | $198 | $637 | $2,633 | $4,040 |
| Mc Leod | $780 | $1,194 | $2,148 | $3,519 | $4,890 |
| Melville | $681 | $1,040 | $1,987 | $4,176 | $6,225 |
| Reed Point | $301 | $838 | $1,885 | $2,925 | $3,796 |
| Shawmut | N/A | N/A | N/A | N/A | N/A |
| Springdale | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell