Saco, Valley County, Montana Property Taxes
The median property tax rate in Saco, MT is 0.80%, slightly lower than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Saco at $199,867, the typical annual property tax bill comes to $1,688, which is below the national median of $2,690. Property taxes in Saco are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Saco'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 Saco 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
Saco, Valley County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,599
$1,484
Ownwell’s Saco Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saco with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saco 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 Saco, Valley County, Montana
Property taxes in Saco, Montana, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Saco is 0.80%, which is lower than both the Montana state median and the U.S. national median of 0.99%. Local government entities within Saco set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saco 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 Saco's effective property tax rate to other counties in Montana and the national median. For comparison, the 59261 zip code has the highest median property tax rate of 0.80%, while the lowest median tax rate is also 0.80%. Understanding how these cities compare with Saco 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 Saco Tax Rate
0.80%
Average Valley County Tax Rate
1.31%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saco, Valley County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59261 | 0.66% | 0.71% | 0.80% | 0.85% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Saco, Valley County, Montana
In Saco, 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 Saco, 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 Saco helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Valley County, the zip code with the highest median tax bill is 59261, amounting to $1,688, while the lowest median tax bill is also in the same zip code.
Property Tax Assessment Values Across Saco, Valley County, Montana
Source: Ownwell
$7,312
$143,906
$280,500
Average Saco Assessed Value
$199,867
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 Saco, Valley County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59261 | $57,162 | $97,887 | $199,867 | $255,803 | $311,464 |
Source: Ownwell
Property Tax Bills Across Saco, Valley County, Montana
In Saco, located in Valley County, MT, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, determined by the local tax assessor. Several factors influence this valuation, including the home's size, age, location, and overall condition. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Homeowners in Saco can expect a range of property tax bills. For instance, the tax bill at the 25th percentile is around $849, while at the 75th percentile, it rises to approximately $2247. The highest tax bills, at the 90th percentile, can reach up to $3327. The median home price in Saco is $199,867, and the tax rate may vary slightly from the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Saco Tax Bill
$1,688
Average Valley County Tax Bill
$1,277
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Saco, Valley County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59261 | $452 | $849 | $1,688 | $2,247 | $3,327 |
Source: Ownwell