Park County, Montana Property Taxes

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

Median Park County effective property tax rate: 0.58%, significantly lower than the national median of 1.02%. Median Park County home value: $424,710. Median annual Park County tax bill: $2,626, $226 higher than the national median property tax bill of $2,400.

How are property taxes in Park County calculated?

Property taxes in Park County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Livingston or another part of Park County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Park County, Montana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.58%

Estimate Property Tax Bill

$2,463

$2,286

Ownwell’s Park County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Park County with just two data points. By entering your property's estimated assessed value, our calculator applies Park County’s 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 more 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 Park County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Park County, Montana

Local government entities in Montana set tax rates, which can vary widely within the state. This variation is due to each county annually estimating its required budget to provide services and then dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is essentially the annual process. Park County, for example, has an effective property tax rate of 0.58%, which is significantly lower than the national median of 1.02%. Within Montana, Livingston boasts the highest median tax rate at 0.70%, while Silver Gate has the lowest at 0.42%. These figures highlight the diversity in tax rates across the state and underscore the importance of understanding local tax policies. Comparing Park County's effective tax rate to the national median provides a broader perspective on how property taxes in Montana align with national standards.

Property Tax Rates Across Park County, Montana

Source: Ownwell

0.42%

0.56%

0.70%

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 Park County Tax Rate

0.58%

Median Effective Montana Tax Rate

0.83%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Park County, Montana

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Bozeman	0.45%	0.50%	0.51%	0.53%	0.54%
Clyde Park	0.51%	0.55%	0.58%	0.63%	0.66%
Cooke City	0.38%	0.41%	0.43%	0.48%	0.55%
Emigrant	0.37%	0.41%	0.44%	0.47%	0.52%
Gardiner	0.39%	0.41%	0.42%	0.46%	0.49%
Livingston	0.44%	0.52%	0.70%	0.70%	0.70%
Mcleod	0.48%	0.50%	0.51%	0.52%	0.58%
Mc Leod	0.47%	0.49%	0.50%	0.53%	0.61%
Pray	0.39%	0.41%	0.43%	0.47%	0.53%
Silver Gate	0.40%	0.41%	0.42%	0.44%	0.46%
Springdale	0.49%	0.53%	0.55%	0.60%	0.68%
Wilsall	0.51%	0.54%	0.58%	0.62%	0.68%

Source: Ownwell

Property Tax Assessment Values Across Park County, Montana

When examining property taxes in Park County, 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 Park County Department of Revenue 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 Park County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Park County.

For example, the median tax bill in Park County is $2,400, with tax bills ranging significantly across the county. Pray has the highest median home price at $703,536.

Property Tax Assessment Values Across Park County, Montana

Source: Ownwell

$342,000

$522,768

$703,536

Median Park County Market Value

$424,710

Median Montana Market Value

$317,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Park County, Montana

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Bozeman	$328,555	$409,216	$534,500	$775,070	$1,098,848
Clyde Park	$35,320	$180,603	$364,472	$576,339	$1,027,143
Cooke City	$219,234	$348,752	$486,585	$653,540	$868,253
Emigrant	$22,360	$190,116	$433,511	$698,750	$1,016,296
Gardiner	$21,624	$301,076	$543,560	$768,748	$1,083,018
Livingston	$113,682	$307,500	$413,750	$563,625	$872,490
Mcleod	$198,294	$345,445	$387,459	$577,200	$696,435
Mc Leod	$157,829	$361,642	$518,679	$689,150	$1,076,309
Pray	$191,685	$435,575	$703,536	$1,006,620	$1,344,020
Silver Gate	$301,382	$402,773	$551,257	$748,326	$905,908
Springdale	$65,706	$224,335	$342,000	$445,600	$542,620
Wilsall	$64,717	$228,188	$370,284	$626,263	$954,845

Source: Ownwell

Property Tax Bills Across Park County, Montana

In Park County, MT, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in the county is $424,710, which provides a baseline for calculating property taxes. Homeowners in this region experience a range of property tax bills, with the 25th percentile at $1,735 and the 75th percentile at $3,446. At the 90th percentile, tax bills can reach up to $4,744.

The city of Pray in Park County has the highest median tax bill at $3,082, while Springdale has the lowest median tax bill at $1,781. These figures reflect variations in assessed values and local tax rates across different areas. Compared to the national median property tax rate of 1.02% and median tax bill of $2,400, Park County's tax bills can be relatively high or low depending on the specific location within the county. These property taxes significantly impact homeowners, influencing decisions about purchasing and maintaining property in the area.

Property Tax Bills Across Park County, Montana

Source: Ownwell

$1,781

$2,432

$3,082

Median Park County Tax Bill

$2,626

Median Montana Tax Bill

$2,646

Median United States Tax Bill

$2,400

Property Tax Bills Across Park County, Montana

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Bozeman	$1,582	$2,024	$2,762	$3,764	$5,415
Clyde Park	$308	$1,173	$2,208	$3,342	$5,645
Cooke City	$983	$1,611	$2,124	$2,716	$3,580
Emigrant	$125	$998	$1,928	$2,945	$4,367
Gardiner	$139	$1,362	$2,268	$3,245	$4,766
Livingston	$903	$2,039	$2,736	$3,465	$4,659
Mcleod	$1,119	$1,779	$1,920	$2,824	$3,376
Mc Leod	$1,031	$1,858	$2,596	$3,461	$5,179
Pray	$1,137	$1,959	$3,082	$4,253	$5,898
Silver Gate	$1,314	$1,718	$2,310	$3,088	$3,685
Springdale	$448	$1,296	$1,781	$2,444	$3,170
Wilsall	$643	$1,382	$2,291	$3,755	$5,631

Source: Ownwell