Sweet Grass, Toole County, Montana Property Taxes
The median property tax rate in Sweet Grass, MT is 0.85%, slightly higher than the state median of 0.83% but below the national median of 0.99%. With a median home value of $76,000 in Sweet Grass, the typical annual property tax bill amounts to $674, significantly lower than the national median of $2,690. Property taxes in Sweet Grass are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Sweet Grass'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 Sweet Grass or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sweet Grass, Toole County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$646
$599
Ownwell’s Sweet Grass Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sweet Grass with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sweet Grass 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 Sweet Grass, Toole County, Montana
Property taxes in Sweet Grass, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sweet Grass is 0.85%, which is below the U.S. national median of 0.99%. Local government entities within Sweet Grass set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sweet Grass 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 Sweet Grass's effective property tax rate to other areas in Montana and the national median. For comparison, the 59484 zip code in Toole County has the same median property tax rate of 0.85%. Understanding how these cities compare with Sweet Grass 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 Sweet Grass Tax Rate
0.85%
Average Toole County Tax Rate
1.23%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sweet Grass, Toole County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59484 | 0.78% | 0.82% | 0.85% | 0.93% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Sweet Grass, Toole County, Montana
In Sweet Grass, 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 Sweet Grass, 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 Sweet Grass helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in the highest and lowest zip code 59484 is $674.
Property Tax Assessment Values Across Sweet Grass, Toole County, Montana
Source: Ownwell
$47,300
$184,485
$321,670
Average Sweet Grass Assessed Value
$76,000
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 Sweet Grass, Toole County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59484 | $5,274 | $23,062 | $76,000 | $163,900 | $291,184 |
Source: Ownwell
Property Tax Bills Across Sweet Grass, Toole County, Montana
In Sweet Grass, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. For a median home price of $76,000, homeowners can expect their property tax bill to vary significantly. The tax bill at the 25th percentile is around $218, while at the 75th percentile, it rises to approximately $1,374. At the 90th percentile, homeowners might see a tax bill as high as $3,844. These figures illustrate the wide range of property tax obligations within the area, influenced by factors such as property size, location, and any applicable exemptions. Sweet Grass's property tax rates are reflective of Toole County's broader trends, where the median tax bill is $674. This amount is notably lower than the national median property tax rate of 0.99%. For homeowners, understanding these variables is crucial, as they directly impact annual expenses and overall financial planning. Being aware of how these assessments are made can help in anticipating future tax obligations and managing household budgets effectively.
Average Sweet Grass Tax Bill
$674
Average Toole County Tax Bill
$1,320
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Sweet Grass, Toole County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59484 | $56 | $218 | $674 | $1,374 | $3,844 |
Source: Ownwell