59847 Property Tax Rate

Property owners in ZIP code 59847 (Lolo, Montana) pay a median of $3,831/year in property taxes on homes valued at $366,500. This translates to an effective tax rate of 1.05%, which is 47% above the Montana state average of 0.71%.

The monthly property tax burden for a median-valued home in 59847 is approximately $319, which factors into escrow payments on mortgages. This ZIP code is located within Missoula County. This is $1,946 more than the Montana average of $1,885/year.

Compared to similar ZIP codes in Montana, 59847 has higher property taxes. ZIP codes with similar effective rates include 59522 (1.05%) and 59258 (1.04%).

In Lolo, property taxes represent approximately 5.1% of the median household income of $75,710, providing context for the relative tax burden on homeowners in this area.

Montana reassesses property at market value annually without a cap, and you will be assessed at current market value when you take ownership. Missoula County offers a Senior Homestead Exemption (65+ owners with one year occupancy) and disabled exemptions that can reduce your tax burden—contact the Missoula County Assessor to determine eligibility. Submit any exemption claims to the Missoula County Assessor's office within 30 days of purchase to ensure the exemption applies to your first assessment year.