59858 Property Tax Rate

Property owners in ZIP code 59858 (Philipsburg, Montana) pay a median of $2,352/year in property taxes on homes valued at $349,500. This translates to an effective tax rate of 0.67%, which is 6% below the Montana state average of 0.71%.

The monthly property tax burden for a median-valued home in 59858 is approximately $196, which factors into escrow payments on mortgages. This ZIP code is located within Granite County. This is $467 more than the Montana average of $1,885/year.

Compared to similar ZIP codes in Montana, 59858 has lower property taxes. ZIP codes with similar effective rates include 59824 (0.68%) and 59036 (0.68%).

In Philipsburg, property taxes represent approximately 4.8% of the median household income of $48,854, providing context for the relative tax burden on homeowners in this area.

Montana reassesses all properties to market value each year without a cap on assessment growth. Granite County Assessor administers a Senior Homestead Exemption for owners 65 and older with at least one year of residence and exemptions for disabled property owners. Submit your exemption application to the Granite County Assessor immediately upon purchase to apply the benefit to your first tax year.