59743 Property Tax Rate

Property owners in ZIP code 59743 (Melrose, Montana) pay a median of $2,138/year in property taxes on homes valued at $484,600. This translates to an effective tax rate of 0.44%, which is 38% below the Montana state average of 0.71%.

The monthly property tax burden for a median-valued home in 59743 is approximately $178, which factors into escrow payments on mortgages. This ZIP code is located within Beaverhead County. This is $253 more than the Montana average of $1,885/year.

Compared to similar ZIP codes in Montana, 59743 has higher property taxes. ZIP codes with similar effective rates include 59479 (0.44%) and 59081 (0.43%).

In Melrose, property taxes represent approximately 4.2% of the median household income of $50,938, providing context for the relative tax burden on homeowners in this area.

Montana reassesses property at market value every year with no cap on increases, and your assessed value resets to current market value upon purchase. Contact the Beaverhead County Assessor's office to request information about the Senior Homestead Exemption (available to owners 65+ who have owned their home for at least one year) and any disabled exemptions. File your exemption application with the Beaverhead County Assessor immediately after closing to lock in the exemption for the assessment year following your purchase.