59935 Property Tax Rate

Property owners in ZIP code 59935 (Troy, Montana) pay a median of $1,478/year in property taxes on homes valued at $278,800. This translates to an effective tax rate of 0.53%, which is 26% below the Montana state average of 0.71%.

The monthly property tax burden for a median-valued home in 59935 is approximately $123, which factors into escrow payments on mortgages. This ZIP code is located within Lincoln County. This is $407 less than the Montana average of $1,885/year.

Compared to similar ZIP codes in Montana, 59935 has lower property taxes. ZIP codes with similar effective rates include 59830 (0.53%) and 59750 (0.53%).

In Troy, property taxes represent approximately 4.0% of the median household income of $37,130, providing context for the relative tax burden on homeowners in this area.

Montana reassesses property at market value each year without a cap on assessment growth, making annual tax increases common. Lincoln County Assessor administers Senior Homestead Exemptions (ages 65+, one-year residence requirement) and exemptions for disabled property owners. File your exemption application with the Lincoln County Assessor immediately upon purchase to secure the exemption for your first assessment year.