Homestead, Roosevelt County, Montana Property Taxes

Name: Property Tax Bills Across Homestead, Roosevelt County, Montana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Homestead, MT effective property tax rate: 0.94%, slightly lower than the national median of 1.02%, but higher than the Montana state median of 0.83%.
Median Homestead, MT home value: $230,522
Median annual Homestead, MT tax bill: $2,303, $97 lower than the national median property tax bill of $2,400.

How are property taxes in Roosevelt calculated?

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

Last Updated March 1, 2025

Homestead, Roosevelt County, Montana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.94%

Estimate Property Tax Bill

$2,167

$2,011

Ownwell’s Homestead Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Homestead with just two data points. By entering your property's estimated assessed value, our calculator applies Homestead’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 Roosevelt County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Homestead, Roosevelt County, Montana

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Homestead, located in Roosevelt County, Montana, the effective property tax rate is distinct when compared to other cities in the state. Montana's median property tax rate is 0.94%, which is below the national median of 1.02%. This lower rate can be appealing to property owners seeking to reduce their annual expenses. However, it's crucial to consider the assessed value of properties, as this will directly impact the total tax bill.

Understanding these differences can be beneficial for property owners in managing their tax responsibilities. By comparing Homestead's rate to the state and national medians, property owners can gain a clearer picture of their tax liabilities and potential savings.

Property Tax Rates Across Homestead, Roosevelt County, Montana

Source: Ownwell

0.71%

0.97%

1.24%

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 Homestead Tax Rate

0.94%

Median Effective Roosevelt County Tax Rate

0.97%

Median Effective Montana Tax Rate

0.83%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Homestead, Roosevelt County, Montana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
59242	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Homestead, Roosevelt County, Montana

When examining property taxes in Homestead, 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 Roosevelt 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 Roosevelt 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 Homestead.

For example, the median home price in Homestead is $230,522, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Homestead, Roosevelt County, Montana

Source: Ownwell

$38,730

$74,940

$111,150

Median Homestead Market Value

$230,522

Median Roosevelt County Market Value

$76,200

Median Montana Market Value

$317,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Homestead, Roosevelt County, Montana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
59242	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Homestead, Roosevelt County, Montana

In Homestead, located in Roosevelt County, MT, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property location, size, and any improvements made can influence the market value, thus affecting the tax bill. With a median home price of $230,522, the property tax bill can range significantly. Homeowners might face a tax bill as low as $2,092 or as high as $2,843, depending on their property's assessed value and specific circumstances. This variation can be higher than the national median property tax bill of $2,400, impacting homeowners' financial planning. Ownwell offers valuable services to help homeowners in Homestead reduce their property tax bills. By leveraging expert knowledge and appealing assessed values, Ownwell can identify potential savings and exemptions, ensuring that homeowners pay only what is necessary, potentially saving them hundreds of dollars annually.

Property Tax Bills Across Homestead, Roosevelt County, Montana

Source: Ownwell

$282

$645

$1,008

Median Homestead Tax Bill

$2,303

Median Roosevelt County Tax Bill

$882

Median Montana Tax Bill

$2,646

Median United States Tax Bill

$2,400

Property Tax Bills Across Homestead, Roosevelt County, Montana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
59242	N/A	N/A	N/A	N/A	N/A

Source: Ownwell