Philipsburg, Granite County, Montana Property Taxes
Median Philipsburg, MT effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the Montana state median of 0.83%.
Median Philipsburg, MT home value: $285,794
Median annual Philipsburg, MT tax bill: $1,795, $605 lower than the national median property tax bill of $2,400.
How are property taxes in Granite calculated?
Property taxes in Philipsburg, 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 Philipsburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Philipsburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Philipsburg, Granite County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$1,743
$1,618
Property Tax Rates Across Philipsburg, Granite County, Montana
Local government entities are responsible for setting tax rates, which can significantly differ even within a single state. This is because each year, counties like Granite in Montana estimate the budget needed to maintain public services and then divide that by the total value of all taxable property in the area. This process determines the property tax rate. Although setting these rates and budgets involves votes and legislation, the essence of the process remains the same annually.
In Philipsburg, located within Granite County, the effective property tax rate is a reflection of this process. When comparing Philipsburg's tax rate to other cities in Montana, it's noteworthy that the state's median property tax rate stands at 0.61%, which is significantly lower than the national median property tax rate of 1.02%. This suggests that property owners in Philipsburg generally experience a lighter tax burden compared to many other areas across the United States. Understanding these local tax dynamics is crucial for property owners seeking to manage their expenses effectively.
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 Philipsburg Tax Rate
0.61%
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 Granite County Tax Rate
0.61%
Median Effective Montana Tax Rate
0.83%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Philipsburg, Granite County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59858 | 0.50% | 0.53% | 0.61% | 0.66% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Philipsburg, Granite County, Montana
When examining property taxes in Philipsburg, MT, 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 Granite 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 Granite 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 Philipsburg.
For example, the median home price in Philipsburg is $285,794, with tax bills ranging significantly across the county. Zip code 59858 has the highest median home price at $285,794.
Property Tax Assessment Values Across Philipsburg, Granite County, Montana
Source: Ownwell
$215,100
$294,700
$374,300
Median Philipsburg Market Value
$285,794
Median Granite County Market Value
$300,954
Median Montana Market Value
$317,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Philipsburg, Granite County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59858 | $68,344 | $160,475 | $285,794 | $466,300 | $712,054 |
Source: Ownwell
Property Tax Bills Across Philipsburg, Granite County, Montana
Median Philipsburg Tax Bill
$1,795
Median Granite County Tax Bill
$1,936
Median Montana Tax Bill
$2,646
Median United States Tax Bill
$2,400
Property Tax Bills Across Philipsburg, Granite County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59858 | $506 | $1,066 | $1,795 | $2,738 | $4,017 |
Source: Ownwell