59824 Property Tax Rate

Property owners in ZIP code 59824 (Charlo, Montana) pay a median of $2,198/year in property taxes on homes valued at $325,000. This translates to an effective tax rate of 0.68%, which is 5% below the Montana state average of 0.71%.

The monthly property tax burden for a median-valued home in 59824 is approximately $183, which factors into escrow payments on mortgages. This ZIP code is located within Lake County. This is $313 more than the Montana average of $1,885/year.

Compared to similar ZIP codes in Montana, 59824 has lower property taxes. ZIP codes with similar effective rates include 59036 (0.68%) and 59074 (0.68%).

In Charlo, property taxes represent approximately 3.5% of the median household income of $62,500, providing context for the relative tax burden on homeowners in this area.

Montana conducts annual reassessments at market value with no statutory growth limit, so expect potential annual tax increases. Lake County provides Senior Homestead Exemptions (65+ with one year occupancy) and disabled exemptions—verify your eligibility with the Lake County Assessor. File your exemption application with the Lake County Assessor within 30 days of purchase to ensure it applies to the next assessment year.