Valley County, Montana Property Taxes
The median property tax rate in Valley County is 1.31%, which is significantly higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Valley County at $101,800, the typical annual property tax bill reaches $1,277. Property taxes in Valley County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Valley 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 Glasgow or another part of Valley County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Valley County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$1,334
$1,238
Ownwell’s Valley County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Valley County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Valley 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 Valley County, Montana
Property taxes in Valley County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Valley County is 1.31%, which is higher than the U.S. national median of 0.99%. Local government entities within Valley County set these rates annually, and they can vary significantly between different areas within the county. Each year, Valley 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 Valley County's effective property tax rate with other regions in Montana and the national median. For comparison, the city of Glasgow has one of the higher property tax rates in Montana at 1.45%, while the city of Vandalia boasts one of the lowest at 0.76%. Analyzing how Valley County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Valley County Tax Rate
1.31%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valley County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fort Peck | 0.78% | 0.86% | 0.90% | 0.95% | 0.99% |
| Frazer | 0.85% | 0.89% | 1.01% | 1.26% | 1.53% |
| Glasgow | 0.80% | 0.93% | 1.45% | 1.60% | 1.84% |
| Glentana | N/A | N/A | N/A | N/A | N/A |
| Hinsdale | 0.71% | 0.81% | 0.99% | 1.40% | 1.80% |
| Larslan | 0.78% | 0.81% | 0.87% | 1.00% | 1.13% |
| Lustre | 0.22% | 0.79% | 0.91% | 1.02% | 1.79% |
| Nashua | 0.66% | 0.77% | 0.94% | 1.16% | 1.51% |
| Opheim | 0.80% | 0.90% | 0.96% | 1.21% | 1.55% |
| Oswego | 0.71% | 0.96% | 0.98% | 1.20% | 2.39% |
| Peerless | N/A | N/A | N/A | N/A | N/A |
| Richland | 0.76% | 0.78% | 0.89% | 1.04% | 1.47% |
| Saco | 0.66% | 0.71% | 0.80% | 0.85% | 1.64% |
| Saint Marie | 1.31% | 1.31% | 1.32% | 1.32% | 1.90% |
| Vandalia | 0.67% | 0.69% | 0.76% | 0.77% | 0.88% |
| Wolf Point | 0.79% | 0.90% | 0.96% | 1.11% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Valley County, Montana
In Valley County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Valley 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 Valley 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. Being aware of these valuation processes in Valley County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Valley County, Fort Peck has the highest median tax bill at $2,578, while Oswego has the lowest at $306.
Average Valley County Assessed Value
$101,800
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Valley County, Montana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fort Peck | $170,168 | $213,800 | $280,500 | $382,000 | $493,600 |
| Frazer | $1,590 | $19,693 | $84,812 | $241,666 | $433,142 |
| Glasgow | $38,739 | $90,016 | $155,350 | $217,086 | $287,451 |
| Glentana | N/A | N/A | N/A | N/A | N/A |
| Hinsdale | $12,481 | $37,600 | $80,329 | $158,241 | $251,355 |
| Larslan | $104,160 | $167,813 | $254,256 | $303,255 | $473,925 |
| Lustre | $48,780 | $136,230 | $206,352 | $280,639 | $429,011 |
| Nashua | $10,987 | $35,350 | $101,200 | $201,400 | $331,156 |
| Opheim | $4,445 | $12,008 | $45,330 | $164,048 | $331,527 |
| Oswego | $3,891 | $4,650 | $25,090 | $52,929 | $84,880 |
| Peerless | N/A | N/A | N/A | N/A | N/A |
| Richland | $8,077 | $39,091 | $154,984 | $284,415 | $365,384 |
| Saco | $57,162 | $97,887 | $199,867 | $255,803 | $311,464 |
| Saint Marie | $6,452 | $7,122 | $7,312 | $28,900 | $30,900 |
| Vandalia | $9,710 | $44,847 | $71,040 | $199,554 | $363,653 |
| Wolf Point | $12,176 | $63,225 | $145,787 | $253,282 | $338,928 |
Source: Ownwell
Property Tax Bills Across Valley County, Montana
In Valley County, MT, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is a percentage of the market value, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property improvements, location, and market conditions can influence the assessed value. For homeowners in Valley County, property taxes can vary significantly. The 25th percentile tax bill is $344, while the 75th percentile tax bill is $2,412, and the 90th percentile reaches $3,245. These variations can impact homeowners differently, with those in higher-value properties facing larger tax bills. For instance, Fort Peck has the highest median tax bill at $2,578, whereas Oswego has the lowest at $306. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. Homeowners in Valley County must consider these factors when budgeting for annual expenses.
Average Valley County Tax Bill
$1,277
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Valley County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Fort Peck | $1,725 | $2,028 | $2,578 | $3,313 | $4,058 |
| Frazer | $16 | $343 | $900 | $2,405 | $3,993 |
| Glasgow | $610 | $1,292 | $2,127 | $2,750 | $3,451 |
| Glentana | N/A | N/A | N/A | N/A | N/A |
| Hinsdale | $190 | $481 | $903 | $1,605 | $2,405 |
| Larslan | $826 | $1,558 | $2,334 | $3,024 | $4,553 |
| Lustre | $384 | $924 | $1,678 | $2,347 | $3,825 |
| Nashua | $141 | $444 | $1,079 | $1,868 | $2,740 |
| Opheim | $44 | $149 | $481 | $1,489 | $2,912 |
| Oswego | $40 | $145 | $306 | $503 | $771 |
| Peerless | N/A | N/A | N/A | N/A | N/A |
| Richland | $203 | $441 | $1,447 | $2,775 | $3,998 |
| Saco | $452 | $849 | $1,688 | $2,247 | $3,327 |
| Saint Marie | $85 | $90 | $95 | $397 | $577 |
| Vandalia | $342 | $414 | $1,077 | $1,719 | $2,921 |
| Wolf Point | $119 | $638 | $1,616 | $2,525 | $3,304 |
Source: Ownwell