Cooke City, Park County, Montana Property Taxes
Median Cooke City, MT effective property tax rate: 0.43%, significantly lower than the national median of 1.02%, but lower than the Montana state median of 0.83%.
Median Cooke City, MT home value: $486,585
Median annual Cooke City, MT tax bill: $2,124, $276 lower than the national median property tax bill of $2,400.
How are property taxes in Park County calculated?
Property taxes in Cooke City, 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 Cooke City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cooke City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cooke City, Park County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.43%
Estimate Property Tax Bill
$2,092
$1,942
Property Tax Rates Across Cooke City, Park County, Montana
Local government entities determine tax rates, which can significantly differ within a state. This variation is due to each county's annual budget estimation process. Each county calculates its budget needs to provide essential services and then divides this amount by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.
In Cooke City, located in Park County, the effective property tax rate stands at 0.43%. This rate is consistent with both the highest and lowest median tax rates within the area, making it unique in its uniformity. When compared to the median property tax rate in Montana and the national median of 1.02%, Cooke City's rate is notably lower. This makes it an attractive location for property owners seeking lower tax burdens. Understanding these variations can help property owners make informed decisions about where to invest or settle.
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 Cooke City Tax Rate
0.43%
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 Park County Tax Rate
0.58%
Median Effective Montana Tax Rate
0.83%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cooke City, Park County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59020 | 0.38% | 0.41% | 0.43% | 0.48% | 0.54% |
| 59081 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Cooke City, Park County, Montana
When examining property taxes in Cooke City, 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 Park 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 Park 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 Cooke City.
For example, the median home price in Cooke City is $486,585, with tax bills ranging significantly across the county. Zip code 59020 has the highest median home price at $489,809.
Property Tax Assessment Values Across Cooke City, Park County, Montana
Source: Ownwell
$342,000
$522,768
$703,536
Median Cooke City Market Value
$486,585
Median Park County Market Value
$424,710
Median Montana Market Value
$317,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cooke City, Park County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59020 | $213,800 | $348,335 | $489,809 | $653,800 | $876,638 |
| 59081 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Cooke City, Park County, Montana
In Cooke City, located in Park County, MT, property tax bills are calculated based on the assessed value of a property. This assessed value is determined by the local tax assessor and reflects a percentage of the property's market value. The tax rate, or mill levy, is then applied to this assessed value to calculate the total tax bill. Factors such as property location, size, and improvements can influence the assessed value. Homeowners in Cooke City typically see a range of property tax bills, with the 25th percentile at $1,611 and the 75th percentile at $2,716. These figures are below the national median property tax bill of $2,400, making Cooke City relatively affordable for property taxes.
Ownwell assists homeowners in reducing their property tax bills by offering expert property tax appeal services. By analyzing the assessed value and comparing it to similar properties, Ownwell can identify potential discrepancies and file appeals on behalf of homeowners. This process can lead to significant savings, ensuring homeowners only pay their fair share in property taxes.
Median Cooke City Tax Bill
$2,124
Median Park County Tax Bill
$2,626
Median Montana Tax Bill
$2,646
Median United States Tax Bill
$2,400
Property Tax Bills Across Cooke City, Park County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59020 | $959 | $1,611 | $2,146 | $2,720 | $3,594 |
| 59081 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell