Sunburst, Toole County, Montana Property Taxes
The median property tax rate in Sunburst, MT is 1.26%, considerably higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Sunburst, the typical annual property tax bill reaches $1,232, exceeding the national median of $2,690. Property taxes in Sunburst 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 Sunburst'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 Sunburst or another part of Toole County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sunburst, Toole County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$1,266
$1,175
Ownwell’s Sunburst Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sunburst with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sunburst 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 Sunburst, Toole County, Montana
Property taxes in Sunburst, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sunburst is 1.26%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sunburst set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sunburst 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 Sunburst's effective property tax rate to other counties in Montana and the national median. For comparison, the highest and lowest median property tax rates in Toole County are both 1.26%, the same as Sunburst. Understanding how these cities compare with Sunburst provides valuable insights into the varying tax landscape across Toole County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sunburst Tax Rate
1.26%
Average Toole County Tax Rate
1.23%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sunburst, Toole County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59482 | 0.82% | 1.08% | 1.26% | 1.44% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Sunburst, Toole County, Montana
In Sunburst, 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 Toole 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 Sunburst, 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 Sunburst helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills, both at $1,232, are found in zip code 59482.
Property Tax Assessment Values Across Sunburst, Toole County, Montana
Source: Ownwell
$47,300
$184,485
$321,670
Average Sunburst Assessed Value
$100,490
Average Toole County Assessed Value
$109,500
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sunburst, Toole County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59482 | $16,430 | $50,300 | $100,490 | $209,555 | $305,200 |
Source: Ownwell
Property Tax Bills Across Sunburst, Toole County, Montana
In Sunburst, located in Toole County, MT, property tax bills are calculated based on the assessed value of a home. This assessed value is derived from the market value, which is determined by local assessors. Homeowners in Sunburst experience a range of tax bills. For instance, the 25th percentile tax bill is approximately $679, while the 75th percentile tax bill reaches around $2,091. The 90th percentile tax bill can soar to about $3,419, reflecting the variability based on property values and specific assessments. Factors influencing these tax bills include the property's market value, any applicable exemptions, and the local tax rate. In Sunburst, the highest median tax bill recorded is $1,232, which is relatively moderate compared to the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. As a result, understanding and managing property taxes is crucial for homeowners to ensure they are not overpaying and can benefit from any available exemptions.
Average Sunburst Tax Bill
$1,232
Average Toole County Tax Bill
$1,320
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Sunburst, Toole County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59482 | $309 | $679 | $1,232 | $2,091 | $3,419 |
Source: Ownwell