Fairfield, Teton County, Montana Property Taxes
Median Fairfield, MT effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the Montana state median of 0.83%.
Median Fairfield, MT home value: $253,950
Median annual Fairfield, MT tax bill: $2,606, $206 higher than the national median property tax bill of $2,400.
How are property taxes in Teton calculated?
Property taxes in Fairfield, 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 Fairfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fairfield, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fairfield, Teton County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.05%
Estimate Property Tax Bill
$2,666
$2,474
Property Tax Rates Across Fairfield, Teton County, Montana
Local government entities determine tax rates, which can vary significantly within a state. This variation is due to each county's process of estimating its annual budget for services and dividing it by the total value of all taxable property in its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the yearly process.
Fairfield, situated in Teton County, Montana, has an effective property tax rate that aligns with the highest and lowest rates in the state at 1.05%. This rate slightly exceeds the national median property tax rate of 1.02%. Consequently, residents in Fairfield may find their property tax bills slightly above the national median of $2,400. By comparing Fairfield's effective property tax rate to other cities in Montana, as well as the median property tax rates in Montana and the U.S., property owners can better understand how local rates stack up on a broader scale. This comparison can be crucial for homeowners seeking to manage their property tax obligations effectively.
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 Fairfield Tax Rate
1.05%
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 Teton County Tax Rate
0.93%
Median Effective Montana Tax Rate
0.83%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fairfield, Teton County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59436 | 0.72% | 0.83% | 1.05% | 1.17% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Fairfield, Teton County, Montana
When examining property taxes in Fairfield, 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 Teton 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 Teton 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 Fairfield. For example, the median home price in Fairfield is $253,950, with tax bills ranging significantly across the county. Zip code 59436 has the highest median home price at $253,950.
Property Tax Assessment Values Across Fairfield, Teton County, Montana
Source: Ownwell
$147,700
$221,286
$294,872
Median Fairfield Market Value
$253,950
Median Teton County Market Value
$215,184
Median Montana Market Value
$317,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fairfield, Teton County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59436 | $73,445 | $166,078 | $253,950 | $356,002 | $484,238 |
Source: Ownwell
Property Tax Bills Across Fairfield, Teton County, Montana
Median Fairfield Tax Bill
$2,606
Median Teton County Tax Bill
$2,060
Median Montana Tax Bill
$2,646
Median United States Tax Bill
$2,400
Property Tax Bills Across Fairfield, Teton County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59436 | $758 | $1,636 | $2,606 | $3,715 | $5,707 |
Source: Ownwell