Eureka, Lincoln County, Montana Property Taxes
Median Eureka, MT effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, but lower than the Montana state median of 0.83%.
Median Eureka, MT home value: $323,638
Median annual Eureka, MT tax bill: $2,040, $360 lower than the national median property tax bill of $2,400.
How are property taxes in Lincoln County calculated?
Property taxes in Eureka, 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 Eureka’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Eureka, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Eureka, Lincoln County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.59%
Estimate Property Tax Bill
$1,909
$1,772
Property Tax Rates Across Eureka, Lincoln County, Montana
Local government entities are responsible for setting property tax rates, which can vary significantly across different regions. This variation is due to each county's unique budgeting needs. Annually, counties determine their required budget to fund essential services and divide this amount by the total value of all taxable properties within their jurisdiction. This calculation results in the property tax rate.
While voter input and legal frameworks play roles in shaping tax rates and budgets, this is the fundamental process. In Eureka, located in Lincoln County, Montana, the effective property tax rate is a point of interest when compared to other cities within the state and the national median.
Montana's median property tax rate is notably lower than the national average of 1.02%, offering residents a more favorable tax environment. By understanding these rates, homeowners can better navigate their financial obligations and potentially identify opportunities for appeals or exemptions. Exploring the specifics of Eureka’s tax rate in relation to both state and national figures can provide valuable insights for property owners looking to optimize their tax liabilities.
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 Eureka Tax Rate
0.59%
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 Lincoln County Tax Rate
0.68%
Median Effective Montana Tax Rate
0.83%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Eureka, Lincoln County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59917 | 0.51% | 0.59% | 0.59% | 0.62% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Eureka, Lincoln County, Montana
When examining property taxes in Eureka, 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 Lincoln 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 Lincoln 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 Eureka. For example, the median home price in Eureka is $323,638, with tax bills ranging significantly across the county. Zip code 59917 has the highest median home price at $323,638.
Property Tax Assessment Values Across Eureka, Lincoln County, Montana
Source: Ownwell
$180,326
$264,959
$349,592
Median Eureka Market Value
$323,638
Median Lincoln County Market Value
$263,200
Median Montana Market Value
$317,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Eureka, Lincoln County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59917 | $39,602 | $181,898 | $323,638 | $486,938 | $673,020 |
Source: Ownwell
Property Tax Bills Across Eureka, Lincoln County, Montana
In Eureka, located in Lincoln County, MT, property tax bills are determined based on the assessed value of a home. The assessed value is a percentage of the market value, which is then multiplied by the local tax rate to calculate the annual tax bill. With a median home price of $323,638, homeowners can expect varying tax bills. For instance, the 25th percentile tax bill is $1,180, while the 75th percentile reaches $2,931. The highest median tax bill in the area is $2,040, which is below the national median of $2,400. This suggests that while Eureka's property tax rates are relatively moderate, they still impact homeowners' budgets.
Ownwell can assist homeowners in Eureka by reviewing their property assessments and identifying potential inaccuracies. By filing appeals and seeking exemptions where applicable, Ownwell can help reduce the tax burden. This process not only ensures that homeowners pay a fair amount but also maximizes potential savings, allowing residents to allocate their finances more effectively.
Median Eureka Tax Bill
$2,040
Median Lincoln County Tax Bill
$1,776
Median Montana Tax Bill
$2,646
Median United States Tax Bill
$2,400
Property Tax Bills Across Eureka, Lincoln County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59917 | $294 | $1,180 | $2,040 | $2,931 | $3,985 |
Source: Ownwell