Troy, Lincoln County, Montana Property Taxes
Median Troy, MT effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, but higher than the Montana state median of 0.83%.
Median Troy, MT home value: $255,807
Median annual Troy, MT tax bill: $1,921, $479 lower than the national median property tax bill of $2,400.
How are property taxes in Lincoln County calculated?
Property taxes in Troy, 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 Troy’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Troy, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Troy, Lincoln County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.86%
Estimate Property Tax Bill
$2,200
$2,041
Property Tax Rates Across Troy, Lincoln County, Montana
Local government entities set property tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates the budget needed to deliver services and divides it by the total assessed value of all taxable properties in its area. This process determines the property tax rate. While setting tax rates and budgets involves votes and regulations, this is the essence of the annual procedure.
In Troy, located in Lincoln County, Montana, the effective property tax rate is a reflection of this process. When comparing Troy's tax rate to other cities in Montana and the national median, it provides a clearer perspective on how property taxes are structured. Montana's median property tax rate is below the national median of 1.02%, which can be appealing for property owners. Understanding these differences can be crucial for property owners considering tax appeal or exemption services. By comparing Troy's rate with the state and national figures, property owners can make informed decisions about their property tax obligations and potential savings.
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 Troy Tax Rate
0.86%
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 Troy, Lincoln County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59935 | 0.40% | 0.64% | 0.86% | 0.87% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Troy, Lincoln County, Montana
When examining property taxes in Troy, 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 Troy.
For example, the median home price in Troy is $255,807, with tax bills ranging significantly across the county. Zip code 59935 has the highest median home price at $255,807.
Property Tax Assessment Values Across Troy, Lincoln County, Montana
Source: Ownwell
$180,326
$264,959
$349,592
Median Troy Market Value
$255,807
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 Troy, Lincoln County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59935 | $18,434 | $128,180 | $255,807 | $376,200 | $510,691 |
Source: Ownwell
Property Tax Bills Across Troy, Lincoln County, Montana
Median Troy Tax Bill
$1,921
Median Lincoln County Tax Bill
$1,776
Median Montana Tax Bill
$2,646
Median United States Tax Bill
$2,400
Property Tax Bills Across Troy, Lincoln County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59935 | $184 | $907 | $1,921 | $2,975 | $4,234 |
Source: Ownwell