Billings, Carbon County, Montana Property Taxes

Name: Property Tax Bills Across Billings, Carbon County, Montana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Billings, MT effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, but lower than the Montana state median of 0.83%.
Median Billings, MT home value: $405,831
Median annual Billings, MT tax bill: $2,384, $16 lower than the national median property tax bill of $2,400.

How are property taxes in Carbon County calculated?

Property taxes in Billings, MT are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Billings’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Billings, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Billings, Carbon County, Montana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.59%

Estimate Property Tax Bill

$2,394

$2,222

Ownwell’s Billings Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Billings with just two data points. By entering your property's estimated assessed value, our calculator applies Billings’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Carbon County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Billings, Carbon County, Montana

Local government entities determine tax rates, leading to considerable variation within a state. Each county annually estimates its budget to provide necessary services and divides this by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Billings, located in Carbon County, Montana, the effective property tax rate is 0.59%, which is significantly lower than the national median property tax rate of 1.02%. This makes Billings an attractive option for property owners looking to save on taxes. Compared to other cities in Montana, Billings offers a favorable tax environment, contributing to its appeal for both residents and investors. With the national median property tax bill at $2,400, the lower rate in Billings could mean substantial savings.

Understanding these dynamics can help property owners make informed decisions and potentially appeal their property tax assessments, ensuring they are not overpaying.

Property Tax Rates Across Billings, Carbon County, Montana

Source: Ownwell

0.51%

0.67%

0.83%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Billings Tax Rate

0.59%

Median Effective Carbon County Tax Rate

0.61%

Median Effective Montana Tax Rate

0.83%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Billings, Carbon County, Montana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
59101	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Billings, Carbon County, Montana

When examining property taxes in Billings, MT, 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 location, property condition, and economic market trends. The Carbon County appraisal district estimates the market value for tax purposes. The assessed value is 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.

In Carbon County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle 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 and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Billings.

For example, the median home price in Billings is $405,831, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Billings, Carbon County, Montana

Source: Ownwell

$140,200

$261,859

$383,518

Median Billings Market Value

$405,831

Median Carbon County Market Value

$299,384

Median Montana Market Value

$317,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Billings, Carbon County, Montana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
59101	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Billings, Carbon County, Montana

In Billings, located in Carbon County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With the median home price at $405,831, homeowners in Billings can expect tax bills around the 25th, 75th, and 90th percentiles all at $2,384, aligning closely with the national median property tax bill of $2,400. This consistency in tax bills highlights the relatively stable tax environment in the area. However, fluctuations in property values or changes in local tax rates can impact these bills, affecting homeowners' financial planning. Ownwell offers a solution by assisting homeowners in appealing their property tax assessments, potentially lowering their tax obligations. By leveraging expert knowledge and personalized strategies, Ownwell can help homeowners navigate the complexities of property tax processes, ensuring they pay only their fair share and potentially saving them money.

Property Tax Bills Across Billings, Carbon County, Montana

Source: Ownwell

$876

$1,746

$2,616

Median Billings Tax Bill

$2,384

Median Carbon County Tax Bill

$2,004

Median Montana Tax Bill

$2,646

Median United States Tax Bill

$2,400

Property Tax Bills Across Billings, Carbon County, Montana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
59101	N/A	N/A	N/A	N/A	N/A

Source: Ownwell