Terry, Custer County, Montana Property Taxes
Median Terry, MT effective property tax rate: 1.44%, significantly higher than the national median of 1.02%, but lower than the Montana state median of 0.83%.
Median Terry, MT home value: $210,500
Median annual Terry, MT tax bill: $4,228, $1,828 higher than the national median property tax bill of $2,400.
How are property taxes in Custer County calculated?
Property taxes in Terry, MT are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Terry’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Terry, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Terry, Custer County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.04%
Estimate Property Tax Bill
$2,189
$2,032
Property Tax Rates Across Terry, Custer County, Montana
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Terry Tax Rate
1.04%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Custer County Tax Rate
1.33%
Median Effective Montana Tax Rate
0.78%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Terry, Custer County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59349 | 0.79% | 0.92% | 1.04% | 2.87% | 4.21% |
Source: Ownwell
Property Tax Assessment Values Across Terry, Custer County, Montana
When examining property taxes in Terry, Montana, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Custer County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Custer County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Terry. For example, the median home price in Terry is $210,500, with tax bills ranging significantly across the county. Zip code 59349 has the highest median home price at $210,500.
Property Tax Assessment Values Across Terry, Custer County, Montana
Source: Ownwell
$75,571
$143,036
$210,500
Median Terry Market Value
$210,500
Median Custer County Market Value
$145,400
Median Montana Market Value
$317,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Terry, Custer County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59349 | $55,194 | $167,708 | $210,500 | $304,251 | $359,072 |
Source: Ownwell
Property Tax Bills Across Terry, Custer County, Montana
In Terry, located in Custer County, Montana, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Terry face a median property tax bill of $4,228, significantly higher than the national median of $2,400. Several factors influence the tax bill, including the property's market value and any applicable exemptions or deductions. For instance, tax bills in Terry can range from $2,153 at the 25th percentile to as high as $13,810 at the 90th percentile, reflecting the variability based on property valuations and exemptions.
Ownwell can assist Terry homeowners in reducing their property tax bills by providing expert guidance on appealing assessments and securing exemptions. By analyzing property data and market trends, Ownwell identifies opportunities for savings, ensuring homeowners pay only their fair share. This service can lead to substantial savings, providing financial relief to homeowners burdened by high property taxes.
Median Terry Tax Bill
$3,080
Median Custer County Tax Bill
$1,888
Median Montana Tax Bill
$2,559
Median United States Tax Bill
$2,400
Property Tax Bills Across Terry, Custer County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59349 | $1,727 | $1,952 | $3,080 | $6,480 | $10,119 |
Source: Ownwell