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Shepherd, Musselshell County, Montana Property Taxes

  • Median Shepherd, MT effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the Montana state median of 0.83%.

  • Median Shepherd, MT home value: $394,440

  • Median annual Shepherd, MT tax bill: $2,463, $63 higher than the national median property tax bill of $2,400.

How are property taxes in Musselshell calculated?

Property taxes in Shepherd, 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 Shepherd’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Shepherd, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Shepherd, Musselshell County, Montana Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2%

Estimate Property Tax Bill

$0

Ownwell’s Shepherd Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Shepherd with just two data points. By entering your property's estimated assessed value, our calculator applies Shepherd’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Musselshell County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Shepherd, Musselshell County, Montana

Local government entities are responsible for setting tax rates, which can significantly differ even within the same state. Each year, counties estimate the budget needed to provide essential services and divide this by the total value of all taxable property in their area. This calculation determines the property tax rate. Although the process involves votes and laws, this is essentially how it works annually.

Shepherd in Musselshell County, Montana, has an effective property tax rate of 0.62%, which is below the national median of 1.02%. This lower rate can be an attractive feature for property owners, especially when compared to other cities in Montana and across the United States. The median property tax bill in Shepherd is also likely to be lower than the national median of $2,400, offering further financial relief to homeowners.

For property owners in Shepherd, this favorable tax environment can mean significant savings and a more manageable financial burden, making it an appealing location for both current residents and potential newcomers.

Property Tax Rates Across Shepherd, Musselshell County, Montana

Source: Ownwell

0.56%

0.87%

1.17%

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 Musselshell County Tax Rate

0.77%

Median Effective Montana Tax Rate

0.78%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Shepherd, Musselshell County, Montana

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile

Source: Ownwell

Property Tax Assessment Values Across Shepherd, Musselshell County, Montana

When examining property taxes in Shepherd, 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 Musselshell 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 Musselshell 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 Shepherd. For example, the median home price in Shepherd is $394,440, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Shepherd, Musselshell County, Montana

Source: Ownwell

$50,700

$91,318

$131,935

Median Musselshell County Market Value

$107,300

Median Montana Market Value

$317,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Shepherd, Musselshell County, Montana

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile

Source: Ownwell

Property Tax Bills Across Shepherd, Musselshell County, Montana

In Shepherd, located in Musselshell 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, and local tax rates are applied to this assessed value to calculate the tax bill. With the median home price in Shepherd being $394,440, homeowners often find that their tax bills can vary significantly. While the national median property tax bill is $2,400, in Shepherd, the tax bill at the 25th, 75th, and 90th percentiles is consistently $2,463. This indicates a relatively stable tax bill across different property values in the area. For homeowners, this can mean a significant expenditure, impacting their annual budgets. Ownwell offers a solution by assisting homeowners in appealing their property tax assessments, potentially lowering their tax bills. By leveraging local expertise and understanding of the property tax system, Ownwell helps ensure that homeowners are not overpaying, providing a valuable service that can lead to substantial savings.

Property Tax Bills Across Shepherd, Musselshell County, Montana

Source: Ownwell

$608

$920

$1,231

Median Musselshell County Tax Bill

$990

Median Montana Tax Bill

$2,559

Median United States Tax Bill

$2,400

Property Tax Bills Across Shepherd, Musselshell County, Montana

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile

Source: Ownwell