Saint Marie, Montana Property Taxes
The median property tax rate in Saint Marie, MT is 1.32%, significantly higher than both the national median of 0.99% and Montana's state median of 0.83%. With the median home value in Saint Marie, the typical annual property tax bill reaches $95, which is considerably lower than the national median of $2,690. Property taxes in Saint Marie are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saint Marie'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 Saint Marie 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
Saint Marie, Montana Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,660
Ownwell’s Saint Marie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Marie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Marie 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 Saint Marie, Montana
Property taxes in Saint Marie, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Marie is 1.32%, significantly higher than the U.S. national median of 0.99%. Local government entities within Saint Marie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Marie 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 Saint Marie's effective property tax rate to other counties in Montana and the national median. For comparison, the 59231 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Saint Marie 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 Saint Marie Tax Rate
1.32%
Average Valley County Tax Rate
1.31%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Marie, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59231 | 1.31% | 1.31% | 1.32% | 1.32% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Saint Marie, Montana
In Saint Marie, 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 Saint Marie, 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 example, the 25th percentile tax bill is around $90, while the 75th percentile tax bill is approximately $397, and the 90th percentile tax bill reaches about $577. 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 Saint Marie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint Marie Assessed Value
$7,312
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 Saint Marie, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59231 | $6,452 | $7,122 | $7,312 | $28,900 | $30,900 |
Source: Ownwell
Property Tax Bills Across Saint Marie, Montana
In Saint Marie, Valley County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. For homeowners in Saint Marie, the median home price is $7,312. The property tax rate in Valley County is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the home's assessed value, any applicable exemptions, and the local tax rate. For example, the 25th percentile of property tax bills in Saint Marie is $90, while the 75th percentile is $397, and the 90th percentile reaches $577. These variations highlight how differences in property values and exemptions can impact the amount homeowners owe. Compared to the national median property tax rate of 0.99%, the property tax rates in Saint Marie can significantly affect homeowners, making it essential for them to understand how their tax bills are determined.
Average Saint Marie Tax Bill
$95
Average Valley County Tax Bill
$1,277
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Marie, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59231 | $85 | $90 | $95 | $397 | $577 |
Source: Ownwell