Three Forks, Gallatin County, Montana Property Taxes
Median Three Forks, MT effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Montana state median of 0.83%.
Median Three Forks, MT home value: $372,300
Median annual Three Forks, MT tax bill: $2,797, $397 higher than the national median property tax bill of $2,400.
How are property taxes in Gallatin calculated?
Property taxes in Three Forks, 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 Three Forks’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Three Forks, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Three Forks, Gallatin County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.79%
Estimate Property Tax Bill
$2,941
$2,729
Property Tax Rates Across Three Forks, Gallatin County, Montana
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 Three Forks Tax Rate
0.79%
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 Gallatin County Tax Rate
0.80%
Median Effective Montana Tax Rate
0.83%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Three Forks, Gallatin County, Montana
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
59752 | 0.65% | 0.66% | 0.79% | 0.79% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Three Forks, Gallatin County, Montana
When examining property taxes in Three Forks, 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 Gallatin 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.
Assessment notices:
In Gallatin 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 Three Forks. For example, the median home price in Three Forks is $372,300, with tax bills ranging significantly across the county. 59752 has the highest median home price at $372,300.
Property Tax Assessment Values Across Three Forks, Gallatin County, Montana
Source: Ownwell

$365,250
$864,725
$1,364,200
Median Three Forks Market Value
$372,300
Median Gallatin County Market Value
$644,700
Median Montana Market Value
$317,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Three Forks, Gallatin County, Montana
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
59752 | $78,960 | $208,707 | $372,300 | $474,840 | $623,580 |
Source: Ownwell
Property Tax Bills Across Three Forks, Gallatin County, Montana
In Three Forks, located in Gallatin County, MT, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Three Forks face a median property tax bill of approximately $2,797, which is slightly above the national median of $2,400. Factors influencing the tax bill include the property's market value and local tax levies. This can result in a significant financial obligation for homeowners, potentially impacting their budget and financial planning.
Ownwell offers a solution for homeowners looking to reduce their property tax burden. By providing professional property tax appeal and exemption services, Ownwell can help homeowners ensure their property is assessed fairly, potentially lowering their tax bills. Through expert analysis and representation, homeowners can achieve significant savings, easing the financial strain of property taxes and allowing for better financial management.
Median Three Forks Tax Bill
$2,797
Median Gallatin County Tax Bill
$5,055
Median Montana Tax Bill
$2,646
Median United States Tax Bill
$2,400
Property Tax Bills Across Three Forks, Gallatin County, Montana
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
59752 | $600 | $1,353 | $2,797 | $3,522 | $4,531 |
Source: Ownwell