Ravalli, Lake County, Montana Property Taxes
Median Ravalli, MT effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, but lower than the Montana state median of 0.83%.
Median Ravalli, MT home value: $71,466
Median annual Ravalli, MT tax bill: $1,392, $1,008 lower than the national median property tax bill of $2,400.
How are property taxes in Lake County calculated?
Property taxes in Ravalli, 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 Ravalli’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ravalli, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ravalli, Lake County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.8%
Estimate Property Tax Bill
$572
$531
Property Tax Rates Across Ravalli, Lake 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 Ravalli Tax Rate
0.80%
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 Lake County Tax Rate
0.67%
Median Effective Montana Tax Rate
0.83%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ravalli, Lake County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59863 | 0.61% | 0.76% | 0.80% | 0.86% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Ravalli, Lake County, Montana
When examining property taxes in Ravalli, 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 Lake 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 Lake 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 Ravalli. For example, the median home price in Ravalli is $71,466, with tax bills ranging significantly across the county. Zip code 59863 has the highest median home price at $71,466.
Property Tax Assessment Values Across Ravalli, Lake County, Montana
Source: Ownwell
$39,800
$546,350
$1,052,900
Median Ravalli Market Value
$71,466
Median Lake County Market Value
$340,373
Median Montana Market Value
$317,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ravalli, Lake County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59863 | $3,720 | $7,150 | $71,466 | $209,650 | $310,958 |
Source: Ownwell
Property Tax Bills Across Ravalli, Lake County, Montana
In Ravalli, situated in Lake County, MT, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is influenced by factors such as location, size, and property condition. Homeowners in Ravalli face a median tax bill of $1,392, which is below the national median of $2,400, reflecting the region's lower home prices. However, tax bills can vary significantly, with the 25th percentile at $838 and the 90th percentile reaching $2,585, indicating a wide range of property tax liabilities. This variability can impact homeowners' financial planning and overall affordability.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing property assessments and market data, Ownwell can identify discrepancies and potential savings opportunities. This can lead to reduced tax liabilities, offering homeowners financial relief and ensuring they are not overpaying on their property taxes.
Median Ravalli Tax Bill
$1,392
Median Lake County Tax Bill
$2,601
Median Montana Tax Bill
$2,646
Median United States Tax Bill
$2,400
Property Tax Bills Across Ravalli, Lake County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59863 | $210 | $838 | $1,392 | $2,068 | $2,585 |
Source: Ownwell