| Property taxes
are part of a balanced revenue system. Your property is appraised
and taxed so that you and other property owners can support
– in proportion to the value of your property –
school systems and local government services.
The
Department of Revenue is responsible for ensuring that
all property in the state is treated fairly. The department's
duties include the appraisal, assessment and equalization
of the value of all property in the state for the purpose
of taxation.
Click here to download our Understanding Property Taxes brochure
The amount of property tax you pay is not
determined solely by your property’s value. Your property’s
value is multiplied by a tax rate, set by the legislature,
to determine its taxable value. The taxable value is then
multiplied by the mill levy established by various taxing
jurisdictions – city and county government, school
districts and others – to provide services in your
area.
The following formula used to determine general
property tax:
Value x Tax Rate = Taxable Value
Taxable Value x Mill levy = General Property
Tax
What is a Mill?
A mill is a unit of taxation that equals 1/10th of a cent…or$1
tax on every $1,000 of taxable property value.
Value
Review and the Appeal process.
The purpose of the assessment notice
is to advise the property owner of any changes in ownership
or value. Study it carefully. If the assessment notice reflects
a value with which you disagree or if you have any questions
concerning the value or property characteristics, call the
Department of Revenue field office immediately. Flathead
County field office is 406-758-5700 |
