Property Taxes in Montana
The median Montana property tax rate is 0.83%, which is notably lower than the national median of 0.99%. With a median home value of $317,400, the median Montana property tax bill is approximately $2,646 annually. This is considerably lower compared to the national median annual property tax bill. Property taxes in Montana are calculated based on the tax assessed value, which typically falls below the actual market value due to property tax exemptions like the primary residence or agriculture exemption. Understanding your county's specific property tax system, exploring available exemptions, and recognizing opportunities for property tax reductions can lead to significant annual savings. Whether you're in Billings, Missoula, Bozeman, or any other Montana locale, familiarizing yourself with the property taxes in your area can benefit homeowners and investors alike.
Last Updated June 14, 2024
Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$2,634
$2,445
Ownwell’s Montana Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Montana with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Montana to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’d like to see trends on a county or city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Montana
Property taxes in Montana fund essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Montana is 0.83% compared to the median tax rate in the United States of 0.99%. The tax rate is set by local government entities, and it can vary widely between different areas within the state. Put simply, each county estimates its required budget to provide services for the upcoming year, and then divides that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, that is the process followed each year. Compare a Montana county’s effective property tax rate to other counties in the state or the US median property tax rate below. Blaine County has the highest property tax rate in Montana at 1.39%. Carter County has the lowest property tax rate in Montana at 0.41%.
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Montana
| County | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaverhead | 0.57% | 0.66% | 0.71% | 0.90% | 0.94% |
| Big Horn | 0.96% | 1.02% | 1.09% | 1.18% | 1.18% |
| Blaine | 0.89% | 1.04% | 1.39% | 1.40% | 1.84% |
| Broadwater | 0.66% | 0.68% | 0.74% | 0.82% | 0.92% |
| Carbon | 0.52% | 0.57% | 0.61% | 0.73% | 0.80% |
| Carter | 0.31% | 0.35% | 0.41% | 0.73% | 0.73% |
| Cascade | 0.69% | 0.82% | 1.00% | 1.04% | 1.09% |
| Chouteau | 0.64% | 0.75% | 0.95% | 1.16% | 1.37% |
| Custer | 0.77% | 0.92% | 1.24% | 1.32% | 1.51% |
| Daniels | 0.96% | 1.06% | 1.24% | 1.24% | 1.24% |
| Dawson | 0.81% | 1.00% | 1.38% | 1.56% | 2.08% |
| Deer Lodge | 0.67% | 0.71% | 0.93% | 1.07% | 1.21% |
| Fallon | 0.44% | 0.49% | 0.69% | 0.69% | 0.70% |
| Fergus | 0.59% | 0.80% | 0.99% | 1.19% | 1.27% |
| Flathead | 0.62% | 0.69% | 0.75% | 0.86% | 1.00% |
| Gallatin | 0.60% | 0.67% | 0.80% | 0.84% | 0.95% |
| Garfield | 0.68% | 0.69% | 0.88% | 1.06% | 1.06% |
| Glacier | 0.84% | 0.95% | 1.19% | 1.24% | 1.24% |
| Golden Valley | 0.58% | 0.66% | 0.67% | 0.78% | 0.82% |
| Granite | 0.50% | 0.54% | 0.61% | 0.66% | 0.80% |
| Hill | 0.75% | 0.84% | 1.13% | 1.21% | 1.36% |
| Jefferson | 0.62% | 0.65% | 0.71% | 0.77% | 0.90% |
| Judith Basin | 0.47% | 0.53% | 0.56% | 0.75% | 0.85% |
| Lake | 0.51% | 0.60% | 0.67% | 0.80% | 0.88% |
| Lewis and Clark | 0.75% | 0.91% | 0.95% | 1.09% | 1.09% |
| Liberty | 0.73% | 0.74% | 0.90% | 0.90% | 0.90% |
| Lincoln | 0.38% | 0.59% | 0.68% | 0.81% | 0.86% |
| McCone | 0.85% | 0.88% | 1.03% | 1.27% | 1.28% |
| Madison | 0.30% | 0.32% | 0.36% | 0.54% | 0.70% |
| Meagher | 0.65% | 0.66% | 0.79% | 0.83% | 0.96% |
| Mineral | 0.57% | 0.75% | 0.79% | 0.88% | 1.05% |
| Missoula | 0.56% | 0.73% | 0.91% | 1.03% | 1.12% |
| Musselshell | 0.50% | 0.60% | 0.71% | 0.84% | 1.07% |
| Park | 0.41% | 0.47% | 0.58% | 0.70% | 0.70% |
| Petroleum | 1.00% | 1.03% | 1.23% | 1.24% | 1.24% |
| Phillips | 0.86% | 1.03% | 1.28% | 1.61% | 2.21% |
| Pondera | 0.76% | 0.88% | 0.98% | 1.04% | 1.04% |
| Powder River | 0.57% | 0.57% | 0.65% | 0.68% | 0.73% |
| Powell | 0.56% | 0.65% | 0.75% | 0.88% | 0.88% |
| Prairie | 0.79% | 0.80% | 1.05% | 1.05% | 1.05% |
| Ravalli | 0.54% | 0.56% | 0.65% | 0.72% | 0.77% |
| Richland | 0.59% | 0.70% | 0.90% | 1.08% | 1.39% |
| Roosevelt | 0.75% | 0.87% | 0.97% | 1.18% | 1.18% |
| Rosebud | 0.50% | 0.64% | 0.80% | 1.18% | 1.46% |
| Sanders | 0.43% | 0.61% | 0.66% | 0.89% | 1.13% |
| Sheridan | 1.06% | 1.20% | 1.29% | 1.45% | 1.66% |
| Silver Bow | 0.74% | 0.97% | 1.08% | 1.20% | 1.39% |
| Stillwater | 0.53% | 0.60% | 0.69% | 0.76% | 0.84% |
| Sweet Grass | 0.48% | 0.54% | 0.62% | 0.63% | 0.66% |
| Teton | 0.64% | 0.72% | 0.93% | 1.16% | 1.53% |
| Toole | 0.82% | 0.98% | 1.23% | 1.33% | 1.72% |
| Treasure | 0.66% | 0.68% | 0.88% | 1.24% | 1.24% |
| Valley | 0.78% | 0.90% | 1.31% | 1.51% | 1.88% |
| Wheatland | 0.60% | 0.60% | 0.77% | 0.79% | 0.79% |
| Wibaux | 0.45% | 0.50% | 0.64% | 0.64% | 0.64% |
| Yellowstone | 0.59% | 0.75% | 0.84% | 0.91% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Montana
When examining property taxes in Montana, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by factors such as location, property condition, and economic market trends. Market value is estimated by each Montana county assessor for tax purposes. The assessed value is then the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes, or the amount multiplied by your tax rate to get your tax bill. Assessment notices in Montana are sent in the spring each year. They should reach your mailbox typically by the end of April. Each property owner receives an assessment notice that contains both the market value and assessed value along with an estimate of your property tax bill. By providing insights into how assessed values and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Montana. Gallatin County has the highest median tax bill at $5,055, while Carter County has the lowest at $421.
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Montana
| County | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaverhead | $14,760 | $147,380 | $266,900 | $393,588 | $556,890 |
| Big Horn | $8,039 | $31,190 | $96,282 | $166,050 | $265,208 |
| Blaine | $14,442 | $57,245 | $134,724 | $211,450 | $313,831 |
| Broadwater | $42,060 | $183,406 | $343,900 | $495,875 | $620,660 |
| Carbon | $52,811 | $159,699 | $299,384 | $464,550 | $656,588 |
| Carter | $11,730 | $32,512 | $74,600 | $146,150 | $241,426 |
| Cascade | $63,300 | $172,600 | $238,100 | $322,300 | $449,800 |
| Chouteau | $26,190 | $75,410 | $152,700 | $253,300 | $381,240 |
| Custer | $11,092 | $70,473 | $145,300 | $223,200 | $314,409 |
| Daniels | $13,958 | $37,350 | $84,200 | $148,524 | $211,060 |
| Dawson | $7,377 | $68,700 | $135,200 | $197,900 | $266,800 |
| Deer Lodge | $68,890 | $108,402 | $187,200 | $296,600 | $461,880 |
| Fallon | $18,223 | $50,265 | $119,362 | $192,655 | $268,371 |
| Fergus | $27,378 | $96,400 | $177,627 | $280,902 | $421,535 |
| Flathead | $93,390 | $313,600 | $447,500 | $656,073 | $981,364 |
| Gallatin | $245,600 | $466,400 | $644,700 | $911,423 | $1,373,769 |
| Garfield | $8,766 | $34,915 | $97,469 | $207,370 | $304,262 |
| Glacier | $22,717 | $63,700 | $123,548 | $193,625 | $291,428 |
| Golden Valley | $11,152 | $40,821 | $102,182 | $184,036 | $312,438 |
| Granite | $55,878 | $167,704 | $300,954 | $494,748 | $745,630 |
| Hill | $17,360 | $89,008 | $169,254 | $235,525 | $337,250 |
| Jefferson | $48,692 | $184,059 | $377,859 | $551,950 | $722,400 |
| Judith Basin | $10,044 | $16,608 | $105,348 | $217,133 | $361,581 |
| Lake | $30,070 | $180,300 | $340,373 | $562,500 | $971,400 |
| Lewis and Clark | $65,623 | $238,800 | $345,065 | $449,000 | $581,080 |
| Liberty | $22,770 | $75,162 | $147,950 | $257,689 | $429,889 |
| Lincoln | $19,800 | $147,100 | $263,200 | $393,600 | $553,876 |
| McCone | $12,677 | $41,625 | $94,252 | $163,694 | $252,262 |
| Madison | $101,291 | $280,600 | $483,557 | $1,101,200 | $5,706,930 |
| Meagher | $36,251 | $86,400 | $188,100 | $315,100 | $471,994 |
| Mineral | $10,300 | $96,026 | $209,700 | $331,550 | $451,400 |
| Missoula | $80,220 | $307,800 | $411,800 | $538,800 | $690,789 |
| Musselshell | $9,571 | $42,762 | $105,526 | $184,456 | $272,100 |
| Park | $82,546 | $296,200 | $424,710 | $619,563 | $948,913 |
| Petroleum | $7,516 | $19,912 | $57,945 | $166,070 | $302,664 |
| Phillips | $18,018 | $42,800 | $105,606 | $182,636 | $253,864 |
| Pondera | $29,095 | $86,806 | $169,000 | $256,396 | $366,500 |
| Powder River | $7,800 | $31,574 | $86,358 | $163,400 | $256,584 |
| Powell | $29,290 | $101,100 | $190,600 | $318,576 | $619,765 |
| Prairie | $6,152 | $20,498 | $64,200 | $115,805 | $194,580 |
| Ravalli | $83,737 | $261,575 | $388,190 | $515,300 | $693,660 |
| Richland | $36,320 | $80,106 | $177,637 | $270,860 | $353,640 |
| Roosevelt | $7,350 | $35,072 | $76,200 | $142,243 | $212,850 |
| Rosebud | $8,729 | $29,897 | $88,000 | $154,820 | $216,848 |
| Sanders | $28,242 | $133,088 | $243,800 | $377,975 | $513,800 |
| Sheridan | $10,606 | $41,632 | $91,094 | $149,728 | $226,299 |
| Silver Bow | $45,339 | $134,900 | $209,800 | $305,100 | $427,908 |
| Stillwater | $61,290 | $192,410 | $299,005 | $434,875 | $581,866 |
| Sweet Grass | $68,100 | $200,850 | $300,700 | $476,650 | $693,008 |
| Teton | $51,155 | $128,250 | $215,184 | $332,568 | $467,225 |
| Toole | $15,028 | $52,330 | $109,500 | $196,175 | $293,850 |
| Treasure | $9,746 | $36,016 | $87,679 | $181,457 | $292,055 |
| Valley | $7,182 | $23,705 | $101,800 | $200,316 | $298,960 |
| Wheatland | $14,742 | $45,258 | $93,000 | $156,750 | $233,508 |
| Wibaux | $17,591 | $41,011 | $89,406 | $155,107 | $249,875 |
| Yellowstone | $54,100 | $227,000 | $306,700 | $395,600 | $513,900 |
Source: Ownwell
Property Tax Bills Across Montana
Property tax bills in Montana are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the Montana Department of Revenue, which evaluates properties periodically to reflect current market conditions. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including property size, location, and market trends. For instance, homeowners in Gallatin County face the highest median tax bill at $5,055, whereas those in Carter County enjoy the lowest median tax bill at $421. This disparity highlights the significant impact of location on property taxes. Montana's property tax rates can significantly affect homeowners, with tax bills ranging from the 25th percentile at $1,456 to the 90th percentile at $5,778. Compared to the national median property tax rate of 0.99%, Montana offers varying tax experiences depending on the county, affecting homeowners' financial planning and property investment decisions.
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Montana
| County | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaverhead | $376 | $1,281 | $2,175 | $2,901 | $3,932 |
| Big Horn | $157 | $519 | $1,275 | $2,052 | $3,015 |
| Blaine | $210 | $811 | $1,761 | $2,758 | $3,823 |
| Broadwater | $458 | $1,522 | $2,664 | $3,504 | $4,383 |
| Carbon | $435 | $1,087 | $2,004 | $2,908 | $4,010 |
| Carter | $115 | $213 | $421 | $672 | $1,071 |
| Cascade | $523 | $1,558 | $2,346 | $3,053 | $4,106 |
| Chouteau | $298 | $732 | $1,469 | $2,428 | $3,610 |
| Custer | $341 | $981 | $1,810 | $2,582 | $3,442 |
| Daniels | $157 | $417 | $1,006 | $1,740 | $2,486 |
| Dawson | $383 | $1,077 | $1,948 | $2,846 | $3,672 |
| Deer Lodge | $636 | $1,119 | $1,711 | $2,508 | $3,448 |
| Fallon | $189 | $351 | $785 | $1,193 | $1,603 |
| Fergus | $309 | $882 | $1,787 | $2,795 | $3,898 |
| Flathead | $844 | $2,550 | $3,622 | $4,951 | $7,095 |
| Gallatin | $1,884 | $3,694 | $5,055 | $6,828 | $9,925 |
| Garfield | $139 | $417 | $1,045 | $1,734 | $2,459 |
| Glacier | $234 | $708 | $1,402 | $2,141 | $3,086 |
| Golden Valley | $98 | $280 | $729 | $1,367 | $2,262 |
| Granite | $506 | $1,129 | $1,936 | $2,948 | $4,350 |
| Hill | $201 | $1,002 | $1,886 | $2,561 | $3,456 |
| Jefferson | $592 | $1,455 | $2,698 | $3,801 | $5,163 |
| Judith Basin | $54 | $126 | $694 | $1,417 | $2,250 |
| Lake | $539 | $1,647 | $2,601 | $4,016 | $6,185 |
| Lewis and Clark | $562 | $2,222 | $3,454 | $4,457 | $5,693 |
| Liberty | $216 | $622 | $1,293 | $2,221 | $3,620 |
| Lincoln | $163 | $902 | $1,776 | $2,642 | $3,675 |
| McCone | $158 | $506 | $1,040 | $1,814 | $2,620 |
| Madison | $690 | $1,309 | $2,126 | $4,277 | $21,139 |
| Meagher | $324 | $690 | $1,532 | $2,384 | $3,495 |
| Mineral | $252 | $913 | $1,827 | $2,705 | $3,619 |
| Missoula | $449 | $2,400 | $3,741 | $4,888 | $6,320 |
| Musselshell | $150 | $403 | $818 | $1,268 | $1,783 |
| Park | $716 | $1,735 | $2,626 | $3,446 | $4,744 |
| Petroleum | $103 | $293 | $721 | $1,945 | $3,778 |
| Phillips | $331 | $708 | $1,408 | $2,268 | $3,124 |
| Pondera | $273 | $797 | $1,660 | $2,530 | $3,416 |
| Powder River | $133 | $288 | $666 | $1,151 | $1,682 |
| Powell | $311 | $783 | $1,529 | $2,431 | $4,386 |
| Prairie | $83 | $226 | $652 | $1,148 | $1,986 |
| Ravalli | $580 | $1,680 | $2,660 | $3,554 | $4,677 |
| Richland | $365 | $892 | $1,650 | $2,417 | $3,117 |
| Roosevelt | $158 | $428 | $882 | $1,476 | $2,071 |
| Rosebud | $141 | $374 | $942 | $1,401 | $2,022 |
| Sanders | $407 | $1,069 | $1,839 | $2,578 | $3,384 |
| Sheridan | $180 | $588 | $1,221 | $1,985 | $2,937 |
| Silver Bow | $807 | $1,577 | $2,299 | $3,096 | $3,997 |
| Stillwater | $581 | $1,426 | $2,154 | $2,906 | $3,778 |
| Sweet Grass | $448 | $1,232 | $1,821 | $2,717 | $3,930 |
| Teton | $561 | $1,285 | $2,060 | $3,004 | $4,277 |
| Toole | $269 | $686 | $1,320 | $2,273 | $3,339 |
| Treasure | $175 | $407 | $921 | $1,565 | $2,578 |
| Valley | $95 | $344 | $1,277 | $2,412 | $3,245 |
| Wheatland | $118 | $317 | $680 | $1,176 | $1,694 |
| Wibaux | $148 | $275 | $538 | $853 | $1,345 |
| Yellowstone | $548 | $1,897 | $2,559 | $3,222 | $4,169 |
Source: Ownwell
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