Bozeman, Park County, Montana Property Taxes
Median Bozeman, MT effective property tax rate: 0.51%, significantly lower than the national median of 1.02%, but lower than the Montana state median of 0.83%.
Median Bozeman, MT home value: $534,500
Median annual Bozeman, MT tax bill: $2,762, $362 higher than the national median property tax bill of $2,400.
How are property taxes in Park County calculated?
Property taxes in Bozeman, 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 Bozeman’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bozeman, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bozeman, Park County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.51%
Estimate Property Tax Bill
$2,726
$2,530
Property Tax Rates Across Bozeman, Park County, Montana
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides 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, in a nutshell, this is the annual process.
In Bozeman, located in Park County, Montana, the effective property tax rate is 0.51%. This rate is notably lower than the national median property tax rate of 1.02%. The tax rate in Bozeman is consistent across the county, with the highest and lowest rates both sitting at 0.51% in the 59715 zip code.
When comparing Bozeman's property tax rate to the state and national averages, residents benefit from a lower tax burden. This can be particularly appealing for property owners who are looking to maximize their investment returns. Understanding these rates can help property owners make informed decisions about their investments and potential savings in property taxes.
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 Bozeman Tax Rate
0.51%
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 Bozeman, Park County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59715 | 0.45% | 0.50% | 0.51% | 0.53% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Bozeman, Park County, Montana
When examining property taxes in Bozeman, 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 Park 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 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 Bozeman. For example, the median home price in Bozeman is $534,500, with tax bills ranging significantly across the county. Zip code 59715 has the highest median home price at $534,500.
Property Tax Assessment Values Across Bozeman, Park County, Montana
Source: Ownwell
$342,000
$522,768
$703,536
Median Bozeman Market Value
$534,500
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 Bozeman, Park County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59715 | $328,555 | $409,216 | $534,500 | $775,070 | $1,098,848 |
Source: Ownwell
Property Tax Bills Across Bozeman, Park County, Montana
In Bozeman, located in Park County, MT, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to calculate the tax bill. Several factors influence this tax bill, including market conditions and property characteristics. Homeowners in Bozeman face property tax bills that vary widely, with the 25th percentile at $2,024 and the 75th percentile reaching $3,764. Notably, the highest median tax bill in the area is $2,762, which is still below the national median of $2,400. This can significantly affect homeowners, as higher tax bills can impact overall affordability and financial planning.
Ownwell assists homeowners by providing property tax appeal and exemption services. By analyzing property assessments and identifying potential errors or overvaluations, Ownwell helps homeowners reduce their tax obligations. This can lead to substantial savings and ensure that homeowners are not overpaying on their property taxes.
Median Bozeman Tax Bill
$2,762
Median Park County Tax Bill
$2,626
Median Montana Tax Bill
$2,646
Median United States Tax Bill
$2,400
Property Tax Bills Across Bozeman, Park County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59715 | $1,582 | $2,024 | $2,762 | $3,764 | $5,415 |
Source: Ownwell