Dutton, Montana Property Taxes
The median property tax rate in Dutton, MT is 0.91%, slightly below the national median of 0.99% but higher than the Montana state median of 0.83%. With a median home value of $147,700 in Dutton, the typical annual property tax bill amounts to $1,367, which is significantly less than the national median of $2,690. Property taxes in Dutton are calculated based on the tax assessed value, generally lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Dutton'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 Dutton or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dutton, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$1,344
Ownwell’s Dutton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dutton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dutton 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 Dutton, Montana
Property taxes in Dutton, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dutton is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within Dutton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dutton 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 Dutton's effective property tax rate to other counties in Montana and the national median. For comparison, the 59433 zip code has the highest median property tax rate of 0.91%, while the same 59433 zip code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Dutton provides valuable insights into the varying tax landscape across Teton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dutton Tax Rate
0.91%
Average Teton County Tax Rate
0.93%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dutton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59433 | 0.62% | 0.69% | 0.91% | 1.02% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Dutton, Montana
In Dutton, 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 Teton 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 Dutton, 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. The median home price in Dutton is $147,700, and property tax bills can vary significantly. The 25th percentile tax bill is $780, while the 75th percentile tax bill is $2,054, and the 90th percentile tax bill reaches $3,001. 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 Dutton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dutton Assessed Value
$147,700
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 Dutton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59433 | $28,661 | $78,500 | $147,700 | $253,500 | $416,473 |
Source: Ownwell
Property Tax Bills Across Dutton, Montana
In Dutton, located in Teton County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. For example, with a median home price of $147,700, homeowners can expect varying tax bills depending on their property's specific characteristics and exemptions. The tax bill in Dutton can range significantly. At the 25th percentile, homeowners might pay around $780 annually, whereas those at the 75th percentile could see bills as high as $2,054. For properties in the 90th percentile, the tax bill can escalate to $3,001. The highest and lowest median tax bills in Dutton are both recorded at $1,367, indicating a relatively stable tax environment within the zip code 59433. These property taxes fund essential local services, such as public schools, infrastructure, and emergency services, directly impacting the community's quality of life. Homeowners must consider these costs when budgeting for homeownership in Dutton.
Average Dutton Tax Bill
$1,367
Average Teton County Tax Bill
$2,060
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Dutton, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59433 | $290 | $780 | $1,367 | $2,054 | $3,001 |
Source: Ownwell