Teton County, Montana Property Taxes
The median property tax rate in Teton County is 0.93%, which is slightly lower than the national median of 0.99% but higher than the Montana state median of 0.83%. With the median home value in Teton County at $215,184, the typical annual property tax bill amounts to $2,060, which is below the national median of $2,690. Property taxes in Teton 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 Teton 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 Choteau or another part of Teton County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Teton County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$2,001
$1,857
Ownwell’s Teton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Teton with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Teton 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 Teton County, Montana
Property taxes in Teton County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Teton County is 0.93%, which is lower than both the Montana state median of 1.01% and the U.S. national median of 0.99%. Local government entities within Teton County set these rates annually, and they can vary significantly between different areas within the county. Each year, Teton County 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. For comparison, the city of Fairfield has one of the higher property tax rates in Montana at 1.05%, while the city of Conrad boasts one of the lowest at 0.57%. Analyzing how Teton County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Teton County Tax Rate
0.93%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Teton County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brady | N/A | N/A | N/A | N/A | N/A |
| Bynum | 0.60% | 0.60% | 0.67% | 0.84% | 1.59% |
| Choteau | 0.64% | 0.69% | 0.98% | 1.23% | 1.58% |
| Conrad | N/A | N/A | N/A | N/A | N/A |
| Dutton | 0.62% | 0.69% | 0.91% | 1.02% | 1.14% |
| Fairfield | 0.72% | 0.83% | 1.05% | 1.17% | 1.58% |
| Fort Shaw | N/A | N/A | N/A | N/A | N/A |
| Pendroy | 0.54% | 0.57% | 0.61% | 0.66% | 0.77% |
| Power | 0.73% | 0.79% | 0.86% | 1.07% | 1.81% |
| Vaughn | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Teton County, Montana
In Teton 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 Teton 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 Teton 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. Fort Shaw has the highest median tax bill at $3,383, while Bynum has the lowest at $1,218. Being aware of these valuation processes in Teton County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Teton County Assessed Value
$215,184
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Teton County, Montana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brady | N/A | N/A | N/A | N/A | N/A |
| Bynum | $16,994 | $66,795 | $177,022 | $301,210 | $429,490 |
| Choteau | $53,928 | $122,690 | $196,100 | $307,500 | $463,520 |
| Conrad | N/A | N/A | N/A | N/A | N/A |
| Dutton | $28,661 | $78,500 | $147,700 | $253,500 | $416,473 |
| Fairfield | $73,445 | $166,078 | $253,950 | $356,002 | $484,238 |
| Fort Shaw | N/A | N/A | N/A | N/A | N/A |
| Pendroy | $57,066 | $140,000 | $294,872 | $410,037 | $565,444 |
| Power | $71,093 | $163,062 | $258,713 | $369,363 | $465,389 |
| Vaughn | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Teton County, Montana
In Teton County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. Homeowners in Teton County can expect their property tax bills to vary significantly depending on the value of their homes and the specific tax rates applied by local taxing authorities. The median home price in Teton County is $215,184. The tax bill at the 25th percentile is $1,285, while at the 75th percentile, it rises to $3,004. For those at the 90th percentile, the tax bill can reach up to $4,277. The highest median tax bill in the county is found in Fort Shaw, at $3,383, while the lowest is in Bynum, at $1,218. These variations can have a substantial impact on homeowners, influencing their overall housing costs and financial planning. The property tax rate in Teton County can be compared to the national median property tax rate of 0.99%, offering a perspective on how local taxes align with broader trends.
Average Teton County Tax Bill
$2,060
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Teton County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brady | N/A | N/A | N/A | N/A | N/A |
| Bynum | $157 | $565 | $1,218 | $2,422 | $3,983 |
| Choteau | $678 | $1,362 | $1,992 | $2,715 | $3,584 |
| Conrad | N/A | N/A | N/A | N/A | N/A |
| Dutton | $290 | $780 | $1,367 | $2,054 | $3,001 |
| Fairfield | $758 | $1,636 | $2,606 | $3,715 | $5,707 |
| Fort Shaw | N/A | N/A | N/A | N/A | N/A |
| Pendroy | $508 | $950 | $1,791 | $2,544 | $3,408 |
| Power | $686 | $1,520 | $2,476 | $3,723 | $5,571 |
| Vaughn | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell