Petroleum County, Montana Property Taxes

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

Median Petroleum County effective property tax rate: 1.23%, significantly higher than the national median of 1.02%.
Median Petroleum County home value: $57,945
Median annual Petroleum County tax bill: $721, $1,679 lower than the national median property tax bill of $2,400.

How are property taxes in Petroleum County calculated?

Property taxes in Petroleum 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 Winnett or another part of Petroleum County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Petroleum County, Montana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.23%

Estimate Property Tax Bill

$713

$661

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

Property Tax Rates Across Petroleum County, Montana

Local government entities set property tax rates, which can vary significantly within a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While votes and laws influence these rates and budgets, this is essentially the annual process.

Petroleum County in Montana has a property tax rate that can be compared to other counties within the state or to the U.S. median property tax rate of 1.02%. Understanding these comparisons can help property owners gauge how their taxes align with regional and national standards. While the national median property tax bill is $2,400, local rates can vary based on specific county budgets and property values.

By staying informed about how Petroleum County's tax rates stack up against others, property owners can better understand their tax responsibilities and explore potential savings through appeals or exemptions.

Property Tax Rates Across Petroleum County, Montana

Source: Ownwell

1.23%

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 Petroleum County Tax Rate

1.23%

Median Effective Montana Tax Rate

0.83%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Petroleum County, Montana

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Winnett	1.00%	1.03%	1.23%	1.24%	1.24%
Cat Creek	N/A	N/A	N/A	N/A	N/A
Grass Range	N/A	N/A	N/A	N/A	N/A
Mosby	N/A	N/A	N/A	N/A	N/A
Roundup	N/A	N/A	N/A	N/A	N/A
Teigen	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Petroleum County, Montana

When examining property taxes in Petroleum 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 Petroleum 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 Petroleum 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 Petroleum County. For example, the median tax bill in Petroleum County is $684, with tax bills ranging significantly across the county. Winnett has the highest median home price at $55,292.

Property Tax Assessment Values Across Petroleum County, Montana

Source: Ownwell

$55,292

Median Petroleum County Market Value

$57,945

Median Montana Market Value

$317,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Petroleum County, Montana

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Winnett	$7,463	$18,684	$55,292	$155,183	$295,684
Cat Creek	N/A	N/A	N/A	N/A	N/A
Grass Range	N/A	N/A	N/A	N/A	N/A
Mosby	N/A	N/A	N/A	N/A	N/A
Roundup	N/A	N/A	N/A	N/A	N/A
Teigen	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Petroleum County, Montana

In Petroleum County, MT, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value is a percentage of the property's market value. Homeowners in Petroleum County face varying tax bills depending on their property's assessed value. For instance, the 25th percentile of tax bills is around $293, indicating that some homeowners pay relatively low taxes. In contrast, those in the 75th percentile pay approximately $1,945, and the 90th percentile reaches up to $3,778, reflecting higher property values or different property types.

The median home price in Petroleum County is $57,945, significantly lower than the national median, which results in a lower tax bill overall. The city of Winnett, within the county, has both the highest and lowest median tax bill at $684, showcasing a uniformity in property tax rates across the area. Compared to the national median property tax bill of $2,400, homeowners in Petroleum County generally experience lower property tax obligations, providing a financial advantage in terms of affordability.

Property Tax Bills Across Petroleum County, Montana

Source: Ownwell

$684

Median Petroleum County Tax Bill

$721

Median Montana Tax Bill

$2,646

Median United States Tax Bill

$2,400

Property Tax Bills Across Petroleum County, Montana

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Winnett	$96	$257	$684	$1,841	$3,364
Cat Creek	N/A	N/A	N/A	N/A	N/A
Grass Range	N/A	N/A	N/A	N/A	N/A
Mosby	N/A	N/A	N/A	N/A	N/A
Roundup	N/A	N/A	N/A	N/A	N/A
Teigen	N/A	N/A	N/A	N/A	N/A

Source: Ownwell