Open main menu

Ravalli County property tax

Published: 15.04.2023

Example of Ravalli County Property Tax Calculation

Ravalli County property taxes are calculated based on the assessed value of each property. The county's assessor values each property annually, taking into account factors such as location, size, and improvements made to the property.

The property tax rate in Ravalli County for 2021 is $1.7505 per $1,000 of assessed value. For example, if a property is assessed at a value of $200,000, the property tax would be calculated as follows:

$200,000 assessed value รท 1,000 = 200 (the property's taxable value)

200 x $1.7505 tax rate = $350.10 (the property's annual property tax)

It is important to note that Ravalli County offers certain tax exemptions and deferrals for eligible property owners, such as veterans or those with low incomes. These exemptions and deferrals can lower the amount of property tax that a property owner is required to pay.

If you want appeal your property tax assessment - contact your local tax assessor.

Ravalli County Property Tax Rates

Here is a table listing the Ravalli County Property Tax rates in the US using markdown:

Tax Rate per $100 of Assessed Value
County General $1.891
County Roads $0.424
County Bridges $0.129
County Fire $0.486
County Library $0.187
Ravalli County High School Dist No. 1 $1.308
Stevensville SD #2 $2.467
Corvallis SD #1 $1.371
Florence-Carlton SD #15 $2.694
Victor SD #7 $2.85
Hamilton SD #3 $1.513

This table shows the different types of taxes and their corresponding rates per $100 of assessed value in Ravalli County.

Who sets property tax rates in Ravalli County ?

Property Tax Rates in Ravalli County

The property tax rates in Ravalli County are set by the Ravalli County Commissioners. This typically occurs during the annual budget process, which takes place in August or September. The Commissioners review the proposed property tax rates, and they may make adjustments based on feedback from the public and other factors.

Property tax rates in Ravalli County vary depending on the location and type of property. For example, residential properties are taxed at a different rate than commercial properties. The tax rates are also affected by levies for schools, fire departments, and other local services.

If you own property in Ravalli County, it is important to understand how your property tax rates are determined. You can find more information on the Ravalli County website, or by contacting the County Assessor's Office. Additionally, a tax advisor can help you navigate the complex world of property taxes and ensure that you are paying only what you owe.

Homestead exemptions in Ravalli County ?

To help Ravalli County, Montana residents navigate Homestead exemptions and deductions, we have compiled a comprehensive table outlining all county-specific information. Here are the important details you need to know:

Homestead Exemptions and Deductions in Ravalli County, Montana

Exemption Eligibility Amount Notes
General Homestead Exemption All Montana residents Up to $250,000 Applies to primary residence
Senior Citizen Exemption Montana residents aged 62 or older Up to $250,000 Applies to primary residence
Disabled Veteran Exemption Montana residents who are 100% disabled veterans Up to $250,000 Applies to primary residence
Agricultural Property Exemption Montana residents whose property is used for agriculture Up to $20,000 Applies to agricultural property
Residential Property Tax Assistance Program (RPTAP) Montana residents with limited income Up to $1,000 Must apply annually

It's important to note that these exemptions and deductions are subject to change, and Ravalli County residents are advised to consult with a tax professional to determine their eligibility and the most current information.

When is Ravalli County Property Tax due ?

Ravalli County Property Tax is typically due on November 30th each year. However, in certain circumstances, the due date may be extended.

Payment methods for Ravalli County Property Tax include:

  • In-person payments can be made at the Ravalli County Treasurer's Office during business hours (Monday through Friday, 8:00 AM to 5:00 PM).
  • Mail payments can be sent to the Ravalli County Treasurer's Office. The address is included on the property tax bill. Make sure to include the payment stub with your payment.
  • Online payments can be made through the Ravalli County website using a credit card, debit card, or e-check. There is a convenience fee for online payments.

It is important to note that if property taxes are not paid by the due date, interest and penalty fees will be added to the amount owed. Therefore, it is recommended that property owners pay their taxes on time to avoid additional fees.

If you have more questions - contact your local tax collector.

How is Ravalli County Property Tax penalty calculated ?

Ravalli County Property Tax Penalty Calculation:

When a property owner fails to pay their property taxes by the due date, a penalty is assessed by Ravalli County. The penalty is calculated as a percentage of the unpaid taxes and accrues monthly until the taxes are paid in full. Here is a breakdown of how the penalty is calculated:

  • Penalty Rate: The penalty rate is set by the county and varies from year to year. For example, in 2021, the penalty rate is 10% of the unpaid taxes.

  • Accrual: The penalty accrues monthly on the unpaid balance. For example, if a property owner has $1,000 in unpaid taxes and the penalty rate is 10%, the penalty for the first month would be $100 (10% of $1,000). If the taxes remain unpaid for a second month, the penalty would increase to $110 (10% of $1,100), and so on.

  • Maximum Penalty: Ravalli County sets a maximum penalty that can be assessed on delinquent taxes. For example, in 2021, the maximum penalty is 20% of the unpaid taxes.

Here is an example to illustrate the calculation:

John owns a property in Ravalli County with an assessed value of $200,000. His property tax bill for 2020 was $2,000, due on December 31, 2020. John fails to pay his taxes by the due date and incurs a penalty.

  • Penalty Rate: The penalty rate for 2020 was 5% of the unpaid taxes.
  • Accrual: John's taxes were unpaid for six months, so the penalty accrued as follows:
    • Month 1: Penalty of $100 (5% of $2,000) brings the total to $2,100
    • Month 2: Penalty of $105 (5% of $2,100) brings the total to $2,205
    • Month 3: Penalty of $110.25 (5% of $2,205) brings the total to $2,315.25
    • Month 4: Penalty of $115.76 (5% of $2,315.25) brings the total to $2,431.01
    • Month 5: Penalty of $121.55 (5% of $2,431.01) brings the total to $2,552.56
    • Month 6: Penalty of $127.63 (5% of $2,552.56) brings the total to $2,680.19
  • Maximum Penalty: Because John's penalty has already exceeded the 10% maximum penalty, no additional penalty is assessed beyond the sixth month.

In this example, John's delinquent taxes and penalty total $2,680.19, which he must pay to bring his account current with Ravalli County.

We recommend contacting the Ravalli County Tax Office or a local tax professional for the most up-to-date and accurate information.

Ravalli County tax offices:

Author: Michael Davis
Bio: Michael is a civil servant based in the United States with a deep understanding of property tax. He uses his expertise to educate homeowners and investors on the intricacies of the property tax system through his blog. Michael believes in empowering his readers with knowledge to make informed decisions about their property taxes. When he's not working, Michael enjoys hiking and exploring the great outdoors.