Butte, Silver Bow County, Montana Property Taxes

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

Median Butte, MT effective property tax rate: 1.08%, slightly higher than the national median of 1.02%, but lower than the Montana state median of 0.83%.
Median Butte, MT home value: $208,500
Median annual Butte, MT tax bill: $2,307, $93 lower than the national median property tax bill of $2,400.

How are property taxes in Silver Bow County calculated?

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

Last Updated March 1, 2025

Butte, Silver Bow County, Montana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.08%

Estimate Property Tax Bill

$2,252

$2,090

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

Property Tax Rates Across Butte, Silver Bow County, Montana

Local government entities set property tax rates, which can vary significantly even within a state. This variation stems from each county's annual budget estimation process. Counties determine the budget required to provide essential services and divide that amount by the total value of all taxable properties within their jurisdiction, resulting in the property tax rate. Though votes and legislative measures influence these rates and budgets, this is the fundamental process.

Butte, located in Silver Bow County, MT, offers an interesting case study. The city's effective property tax rate can be compared to other cities in Montana as well as the median property tax rates in the state and across the U.S. Butte's effective tax rate aligns closely with the Montana state median of 1.08%, which is slightly above the national median of 1.02%. Within the county, the highest median tax rate is 1.08% in the 59701 zip code, while the lowest is 0.72% in the 59750 zip code. This contrast illustrates the variability in property tax rates even within a single county, highlighting the importance of understanding local tax policies and their impact on property owners.

Property Tax Rates Across Butte, Silver Bow County, Montana

Source: Ownwell

0.69%

0.89%

1.08%

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 Butte Tax Rate

1.08%

Median Effective Silver Bow County Tax Rate

1.08%

Median Effective Montana Tax Rate

0.83%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Butte, Silver Bow County, Montana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
59701	0.80%	0.99%	1.08%	1.20%	1.40%
59750	0.68%	0.70%	0.72%	0.77%	0.83%

Source: Ownwell

Property Tax Assessment Values Across Butte, Silver Bow County, Montana

When examining property taxes in Butte, 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 Silver Bow 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 Silver Bow 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 Butte.

For example, the median home price in Butte is $208,500, with tax bills ranging significantly across the county. 59750 has the highest median home price at $277,717.

Property Tax Assessment Values Across Butte, Silver Bow County, Montana

Source: Ownwell

$207,300

$307,547

$407,793

Median Butte Market Value

$208,500

Median Silver Bow County Market Value

$209,800

Median Montana Market Value

$317,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Butte, Silver Bow County, Montana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
59701	$44,601	$133,800	$208,000	$301,200	$421,200
59750	$94,180	$176,720	$277,717	$382,900	$502,749

Source: Ownwell

Property Tax Bills Across Butte, Silver Bow County, Montana

In Butte, located in Silver Bow County, MT, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Butte face a median property tax bill that varies significantly, with the 25th percentile at $1,588 and the 75th percentile at $3,103. The highest median tax bill in the area is $2,312 in zip code 59701, indicating a range of potential tax liabilities. These figures show how property taxes can impact homeowners differently depending on their property's assessed value and location within the city. Compared to the national median property tax bill of $2,400, Butte's tax bills can be both lower and higher, reflecting the diversity in property values and tax rates. Ownwell can assist homeowners in Butte by providing expert property tax appeal services. By analyzing local market trends and assessment data, Ownwell helps identify opportunities for tax reductions, ensuring homeowners pay only their fair share and potentially saving them hundreds or even thousands of dollars annually.

Property Tax Bills Across Butte, Silver Bow County, Montana

Source: Ownwell

$1,641

$2,238

$2,835

Median Butte Tax Bill

$2,307

Median Silver Bow County Tax Bill

$2,299

Median Montana Tax Bill

$2,646

Median United States Tax Bill

$2,400

Property Tax Bills Across Butte, Silver Bow County, Montana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
59701	$816	$1,594	$2,312	$3,107	$3,997
59750	$751	$1,354	$2,010	$2,652	$3,518

Source: Ownwell