59751 Property Tax Rate

Property owners in ZIP code 59751 (Silver Star, Montana) pay a median of $1,500/year in property taxes on homes valued at $200,000. This translates to an effective tax rate of 0.75%, which is 5% above the Montana state average of 0.71%.

The monthly property tax burden for a median-valued home in 59751 is approximately $125, which factors into escrow payments on mortgages. This ZIP code is located within Madison County. This is $385 less than the Montana average of $1,885/year.

Compared to similar ZIP codes in Montana, 59751 has lower property taxes. ZIP codes with similar effective rates include 59845 (0.75%) and 59602 (0.75%).

In Silver Star, property taxes represent approximately 3.2% of the median household income of $47,500, providing context for the relative tax burden on homeowners in this area.

Montana reassesses property at market value upon sale, with no statewide cap on assessed value increases for homeowners — Madison County's low 0.38% effective rate reflects its predominantly high-value properties. Madison County offers a Senior Homestead Exemption for owners 65+ who have owned and occupied the property for 12+ months — contact the Madison County Assessor's office to apply and confirm your exemption status before the tax year begins. File your exemption claim early with the Madison County Assessor to lock in your tax reduction, as delays may result in back taxes owed.