Treasure County, Montana Property Taxes
The median property tax rate in Treasure County is 0.88%, 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 Treasure County at $87,679, the typical annual property tax bill is $921, significantly less than the national median of $2,690. Property taxes in Treasure County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Treasure 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 Hysham or another part of Treasure County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Treasure County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$772
$716
Ownwell’s Treasure County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Treasure County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Treasure County 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 Treasure County, Montana
Property taxes in Treasure County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Treasure County is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Treasure County set these rates annually, and they can vary significantly between different areas within the county. Each year, Treasure 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. The following data compares Treasure County's effective property tax rate with other areas in Montana and the national median. For comparison, the city of Hysham has one of the higher property tax rates in Montana at 1.01%, while the city of Sanders boasts one of the lowest at 0.66%. Analyzing how Treasure County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Treasure County Tax Rate
0.88%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Treasure County, Montana
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Treasure County, Montana. 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 Treasure 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 Treasure 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. For instance, Forsyth has the highest median tax bill at $1,516, whereas Hysham has the lowest at $914. Being aware of these valuation processes in Treasure County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Treasure County, Montana
Source: Ownwell
$81,350
$141,298
$201,245
Average Treasure County Assessed Value
$87,679
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Bills Across Treasure County, Montana
In Treasure County, MT, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners, this means that as property values rise, their tax bills may increase proportionately. The median home price in Treasure County is $87,679, and the property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the specific tax rate set by local authorities and any applicable exemptions or deductions. For example, the tax bill at the 25th percentile is $407, while at the 75th percentile, it rises to $1,565. The highest median tax bill in the county is $1,516 in Forsyth, whereas the lowest is $914 in Hysham. These figures highlight the variability in tax bills across different areas within the county, impacting homeowners differently based on their property's assessed value and location. Comparatively, Treasure County's property tax rates can be more favorable than the national median rate of 0.99%, offering some relief to local homeowners.
Average Treasure County Tax Bill
$921
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690