Frazer, Montana Property Taxes
The median property tax rate in Frazer, MT is 1.01%, slightly higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Frazer at $84,812, the typical annual property tax bill reaches around $900, which is below the national median of $2,690. Property taxes in Frazer are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Frazer'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 Frazer or another part of Valley County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Frazer, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$857
$795
Ownwell’s Frazer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Frazer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Frazer 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 Frazer, Montana
Property taxes in Frazer, Montana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Frazer is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Frazer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Frazer 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 Frazer's effective property tax rate to other areas and the national median. For comparison, the zip code 59225 has both the highest and lowest median property tax rate of 1.01%. Understanding how these areas compare with Frazer provides valuable insights into the varying tax landscape across Valley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Frazer Tax Rate
1.01%
Average Valley County Tax Rate
1.31%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Frazer, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59225 | 0.85% | 0.89% | 1.01% | 1.26% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Frazer, Montana
In Frazer, 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 Valley 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 Frazer, 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. For instance, the median home price in Frazer is $84,812, with tax bills ranging from $343 at the 25th percentile to $3,993 at the 90th percentile. The zip code 59225 has both the highest and lowest median tax bill at $900. 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 Frazer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Frazer Assessed Value
$84,812
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 Frazer, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59225 | $1,590 | $19,693 | $84,812 | $241,666 | $433,142 |
Source: Ownwell
Property Tax Bills Across Frazer, Montana
In Frazer, Valley County, MT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Frazer is $84,812, which serves as a basis for determining the tax bill. Homeowners in Frazer typically see tax bills ranging from $343 at the 25th percentile to $2,405 at the 75th percentile, with the 90th percentile reaching up to $3,993. These figures reflect the variability in property values and the corresponding tax liabilities. The tax bill is influenced by several factors, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. For instance, the highest and lowest median tax bills in Frazer are both $900, indicating a relatively uniform tax burden across different properties. Compared to the national median property tax rate of 0.99%, Frazer homeowners may experience a different tax impact due to local assessment practices and rates. This system ensures that property taxes are proportionate to the value of the property, directly affecting homeowners' annual financial obligations.
Average Frazer Tax Bill
$900
Average Valley County Tax Bill
$1,277
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Frazer, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59225 | $16 | $343 | $900 | $2,405 | $3,993 |
Source: Ownwell