Big Horn County, Montana Property Taxes
The median property tax rate in Big Horn County is 1.09%, which is significantly higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Big Horn County at $96,282, the typical annual property tax bill reaches $1,275, which is below the national median of $2,690. Property taxes in Big Horn County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Big Horn County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Hardin or another part of Big Horn County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Big Horn County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,049
$974
Ownwell’s Big Horn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Big Horn with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Big Horn to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a 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 Big Horn County, Montana
Property taxes in Big Horn County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Big Horn County is 1.09%, which is higher than the U.S. national median of 0.99%. Local government entities within Big Horn County set these rates annually, and they can vary significantly between different areas within the county. Each year, Big Horn County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Big Horn County's effective property tax rate with other counties and the national median. For comparison, the city of Custer has one of the higher property tax rates in Montana at 1.19%, while the city of Decker boasts one of the lowest at 0.86%. Analyzing how Big Horn County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Big Horn County Tax Rate
1.09%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Big Horn County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bighorn | 1.02% | 1.05% | 1.12% | 1.16% | 1.21% |
| Billings | N/A | N/A | N/A | N/A | N/A |
| Busby | 0.80% | 0.95% | 0.98% | 1.03% | 1.08% |
| Crow Agency | 1.02% | 1.02% | 1.02% | 1.02% | 1.10% |
| Custer | 1.02% | 1.03% | 1.19% | 1.25% | 1.37% |
| Decker | 0.80% | 0.80% | 0.86% | 1.00% | 1.06% |
| Fort Smith | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% |
| Garryowen | 1.02% | 1.03% | 1.14% | 1.17% | 1.24% |
| Hardin | 1.02% | 1.05% | 1.18% | 1.18% | 1.18% |
| Hysham | N/A | N/A | N/A | N/A | N/A |
| Lodge Grass | 0.92% | 0.93% | 0.96% | 0.98% | 1.08% |
| Pompeys Pillar | N/A | N/A | N/A | N/A | N/A |
| Pryor | 1.00% | 1.00% | 1.01% | 1.05% | 1.10% |
| Saint Xavier | 1.02% | 1.02% | 1.02% | 1.06% | 1.19% |
| Wyola | 0.98% | 0.98% | 0.98% | 1.10% | 1.20% |
| Yellowtail | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Big Horn County, Montana
In Big Horn County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Big Horn County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Big Horn County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Big Horn County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. The highest median tax bill in the county is $3,229 in Custer, while the lowest is $550 in Crow Agency.
Property Tax Assessment Values Across Big Horn County, Montana
Source: Ownwell
$29,490
$130,769
$232,047
Average Big Horn County Assessed Value
$96,282
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Big Horn County, Montana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bighorn | $15,818 | $87,779 | $159,427 | $207,012 | $336,011 |
| Billings | N/A | N/A | N/A | N/A | N/A |
| Busby | $6,932 | $9,800 | $40,615 | $100,885 | $221,048 |
| Crow Agency | $5,637 | $7,880 | $29,490 | $53,920 | $95,820 |
| Custer | $73,711 | $127,474 | $232,047 | $399,417 | $631,309 |
| Decker | $30,288 | $52,840 | $122,186 | $226,677 | $313,398 |
| Fort Smith | $8,047 | $19,332 | $50,724 | $106,851 | $238,758 |
| Garryowen | $7,470 | $12,010 | $68,300 | $142,665 | $216,227 |
| Hardin | $12,558 | $68,067 | $125,400 | $181,155 | $265,241 |
| Hysham | N/A | N/A | N/A | N/A | N/A |
| Lodge Grass | $5,878 | $12,540 | $54,400 | $120,402 | $227,238 |
| Pompeys Pillar | N/A | N/A | N/A | N/A | N/A |
| Pryor | $6,248 | $8,280 | $36,500 | $152,296 | $279,244 |
| Saint Xavier | $8,960 | $34,720 | $114,900 | $267,721 | $364,620 |
| Wyola | $7,364 | $30,899 | $69,110 | $146,981 | $233,434 |
| Yellowtail | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Big Horn County, Montana
In Big Horn County, MT, property tax bills are determined based on the assessed value of a property, which is a percentage of the market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners, this means that properties with higher market values will generally have higher tax bills. In Big Horn County, the median home price is $96,282, which results in a median tax bill of $1,052. However, tax bills can vary significantly. For example, the tax bill at the 25th percentile is $519, while at the 75th percentile, it rises to $2,052. The highest median tax bill in the county is found in Custer at $3,229, whereas the lowest is in Crow Agency at $550. These variations highlight how property values and local tax rates can impact the financial burden on homeowners, making it crucial to understand how these factors influence your property tax bill.
Average Big Horn County Tax Bill
$1,275
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Big Horn County, Montana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bighorn | $1,074 | $1,478 | $2,132 | $2,916 | $4,048 |
| Billings | N/A | N/A | N/A | N/A | N/A |
| Busby | $140 | $446 | $987 | $2,028 | $3,663 |
| Crow Agency | $63 | $152 | $550 | $851 | $1,411 |
| Custer | $940 | $1,641 | $3,229 | $4,853 | $7,084 |
| Decker | $345 | $562 | $1,224 | $1,975 | $2,818 |
| Fort Smith | $161 | $344 | $675 | $1,303 | $2,808 |
| Garryowen | $784 | $1,007 | $1,650 | $2,196 | $2,714 |
| Hardin | $199 | $822 | $1,476 | $2,101 | $2,950 |
| Hysham | N/A | N/A | N/A | N/A | N/A |
| Lodge Grass | $77 | $246 | $650 | $1,460 | $2,840 |
| Pompeys Pillar | N/A | N/A | N/A | N/A | N/A |
| Pryor | $88 | $252 | $949 | $2,488 | $3,476 |
| Saint Xavier | $128 | $760 | $1,634 | $3,097 | $4,197 |
| Wyola | $124 | $357 | $905 | $1,727 | $2,808 |
| Yellowtail | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
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