Laurel, Stillwater County, Montana Property Taxes
Median Laurel, MT effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, but lower than the Montana state median of 0.83%.
Median Laurel, MT home value: $456,000
Median annual Laurel, MT tax bill: $3,173, $773 higher than the national median property tax bill of $2,400.
How are property taxes in Stillwater calculated?
Property taxes in Laurel, 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 Laurel’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Laurel, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Laurel, Stillwater County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.71%
Estimate Property Tax Bill
$3,238
$3,004
Property Tax Rates Across Laurel, Stillwater County, Montana
Local government entities set tax rates, which can vary widely within a state. This variance is due to each county's annual budget estimation, which is divided by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This process, while involving votes and laws, is the essence of how local tax rates are determined.
In Laurel, located in Stillwater County, Montana, the effective property tax rate is an important figure to consider. Compared to other cities in Montana, Laurel's rate offers a unique perspective on property taxes in the state. While Montana's median property tax rate stands at 0.71%, Laurel's rate provides a comparison point to both the state and national figures. The national median property tax rate is 1.02%, highlighting how Laurel's rate fits into the broader landscape.
Understanding these differences can be crucial for property owners. Whether you're considering an appeal or exploring exemptions, knowing how your city's tax rate compares to state and national averages can inform your decisions and potentially lead to significant 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 Laurel Tax Rate
0.71%
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 Stillwater County Tax Rate
0.69%
Median Effective Montana Tax Rate
0.83%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Laurel, Stillwater County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59044 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Laurel, Stillwater County, Montana
When examining property taxes in Laurel, 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 Stillwater 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.
Assessment notices:
In Stillwater County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Laurel. For example, the median home price in Laurel is $456,000, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Laurel, Stillwater County, Montana
Source: Ownwell
$198,050
$285,475
$372,900
Median Laurel Market Value
$456,000
Median Stillwater County Market Value
$299,005
Median Montana Market Value
$317,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Laurel, Stillwater County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59044 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Laurel, Stillwater County, Montana
In Laurel, Stillwater County, MT, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. With a median home price of $456,000, homeowners in Laurel face property tax bills that can vary significantly. At the lower end, the 25th percentile tax bill is $2,822, while those in the 75th percentile pay around $3,941, and the 90th percentile reaches $4,709. Comparatively, the national median property tax rate is 1.02%, with a median bill of $2,400, highlighting the variability in tax burdens across different regions.
Homeowners in Laurel can benefit from appealing their property tax assessments, potentially lowering their tax obligations. Ownwell offers expert guidance in navigating this process, helping homeowners identify discrepancies in their assessed values and ensuring they are not overpaying. By leveraging Ownwell's expertise, homeowners can achieve significant savings on their property tax bills, easing the financial burden and ensuring fair taxation.
Median Laurel Tax Bill
$3,173
Median Stillwater County Tax Bill
$2,154
Median Montana Tax Bill
$2,646
Median United States Tax Bill
$2,400
Property Tax Bills Across Laurel, Stillwater County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59044 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell