Vaughn, Teton County, Montana Property Taxes
Median Vaughn, MT effective property tax rate: 0.84%, slightly lower than the national median of 1.02%, but higher than the Montana state median of 0.83%.
Median Vaughn, MT home value: $377,374
Median annual Vaughn, MT tax bill: $3,379, $979 higher than the national median property tax bill of $2,400.
How are property taxes in Teton calculated?
Property taxes in Vaughn, MT are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Vaughn’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Vaughn, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Vaughn, Teton County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.78%
Estimate Property Tax Bill
$2,664
$2,472
Property Tax Rates Across Vaughn, Teton County, Montana
Local government entities determine tax rates, which can differ significantly within a state. This variation arises because each county annually estimates its necessary budget to provide services and divides that by the total value of all taxable property in its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
Vaughn, located in Teton County, MT, offers a unique perspective on property taxes. With an effective property tax rate of 0.84%, Vaughn falls below both the state and national medians. This lower rate can be an attractive factor for property owners, potentially reducing the annual tax burden compared to the national median property tax rate of 1.02%.
This comparison highlights the potential savings for property owners in Vaughn. By understanding these variances, property owners can make informed decisions about their investments. Whether you're a current resident or considering a move, understanding local tax rates is crucial in managing your financial obligations effectively.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Vaughn Tax Rate
0.78%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Teton County Tax Rate
0.90%
Median Effective Montana Tax Rate
0.78%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Vaughn, Teton County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59487 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Vaughn, Teton County, Montana
When examining property taxes in Vaughn, MT, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Teton County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Teton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Vaughn. For example, the median home price in Vaughn is $377,374, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Vaughn, Teton County, Montana
Source: Ownwell
$147,700
$221,286
$294,872
Median Vaughn Market Value
$341,588
Median Teton County Market Value
$214,900
Median Montana Market Value
$317,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Vaughn, Teton County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59487 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Vaughn, Teton County, Montana
In Vaughn, located in Teton County, MT, property tax bills are calculated based on the assessed value of a property. The median home price in Vaughn is $377,374. Property taxes are determined by multiplying the assessed value by the local tax rate. Homeowners in Vaughn face a median property tax bill that typically ranges between $2,461 at the 25th percentile and $4,094 at the 75th percentile. These figures indicate that Vaughn's property tax bills are generally higher than the national median tax bill of $2,400, reflecting the region's higher home values.
Various factors influence a homeowner's property tax bill, including changes in the local tax rate and fluctuations in the housing market affecting property values. For homeowners feeling the financial strain of high property taxes, Ownwell offers a solution. By providing professional property tax appeal services, Ownwell helps homeowners potentially reduce their tax bills. With expertise in local tax laws and property assessments, Ownwell can identify opportunities for savings, ensuring homeowners pay only their fair share.
Median Vaughn Tax Bill
$2,767
Median Teton County Tax Bill
$1,992
Median Montana Tax Bill
$2,559
Median United States Tax Bill
$2,400
Property Tax Bills Across Vaughn, Teton County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59487 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell