Teton County, Montana Property Taxes

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

Median Teton County effective property tax rate: 0.93%, significantly lower than the national median of 1.02%.
Median Teton County home value: $215,184
Median annual Teton County tax bill: $2,060, $340 lower than the national median property tax bill of $2,400.

How are property taxes in Teton County calculated?

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

Last Updated March 1, 2025

Teton County, Montana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.93%

Estimate Property Tax Bill

$2,001

$1,857

Ownwell’s Teton County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Teton County with just two data points. By entering your property's estimated assessed value, our calculator applies Teton 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 Teton County. With a median property tax bill of $1,700, Teton County falls below the national median of $2,400, offering residents a relatively lower tax burden. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Teton County, Montana

Local government entities determine property tax rates, leading to significant variations within a state. Each county estimates its annual budget to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and regulations play a role in setting these rates and budgets, this is the fundamental process followed each year.

In Teton County, Montana, the effective property tax rate is 0.93%, which is slightly below the national median of 1.02%. This places Teton County in a favorable position compared to the national average. Within Montana, Teton County's rate is higher than Pendroy's, which has the state's lowest median tax rate of 0.61%, yet lower than Fairfield's, which has the highest at 1.05%. This comparison highlights the variability of property tax rates within the state and underscores the importance of understanding local tax dynamics. Property owners in Teton County can benefit from knowing how their rates compare to other regions, potentially identifying opportunities for tax appeals or exemptions.

Property Tax Rates Across Teton County, Montana

Source: Ownwell

0.61%

0.83%

1.05%

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 Teton County Tax Rate

0.93%

Median Effective Montana Tax Rate

0.83%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Teton County, Montana

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Bynum	0.60%	0.60%	0.67%	0.84%	1.59%
Choteau	0.64%	0.69%	0.98%	1.23%	1.58%
Dutton	0.62%	0.69%	0.91%	1.02%	1.14%
Fairfield	0.72%	0.83%	1.05%	1.17%	1.58%
Pendroy	0.54%	0.57%	0.61%	0.66%	0.77%
Power	0.73%	0.79%	0.86%	1.07%	1.81%
Brady	N/A	N/A	N/A	N/A	N/A
Conrad	N/A	N/A	N/A	N/A	N/A
Fort Shaw	N/A	N/A	N/A	N/A	N/A
Vaughn	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Teton County, Montana

When examining property taxes in Teton 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 Teton 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: Assessment notices in Teton County 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 Teton County. For example, the median tax bill in Teton County is $2,606, with tax bills ranging significantly across the county. Pendroy has the highest median home price at $294,872.

Property Tax Assessment Values Across Teton County, Montana

Source: Ownwell

$147,700

$221,286

$294,872

Median Teton County Market Value

$215,184

Median Montana Market Value

$317,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Teton County, Montana

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Bynum	$16,994	$66,795	$177,022	$301,210	$429,490
Choteau	$53,928	$122,690	$196,100	$307,500	$463,520
Dutton	$28,661	$78,500	$147,700	$253,500	$416,473
Fairfield	$73,445	$166,078	$253,950	$356,002	$484,238
Pendroy	$57,066	$140,000	$294,872	$410,037	$565,444
Power	$71,093	$163,062	$258,713	$369,363	$465,389
Brady	N/A	N/A	N/A	N/A	N/A
Conrad	N/A	N/A	N/A	N/A	N/A
Fort Shaw	N/A	N/A	N/A	N/A	N/A
Vaughn	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Teton County, Montana

In Teton County, MT, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects a percentage of the property's market value. Homeowners in Teton County experience a median property tax bill of $2,400, aligning with the national median. However, this amount can vary significantly. For example, in Fairfield, the median tax bill reaches $2,606, while in Bynum, it drops to $1,218. Factors such as location, property size, and improvements contribute to these variations. The property tax rate is applied to the assessed value to calculate the annual tax bill, impacting homeowners by influencing their overall housing costs. At the lower end, homeowners might pay around $1,285, while those in the 75th percentile could see bills as high as $3,004, and the 90th percentile reaches $4,277. Understanding these factors is crucial for homeowners to anticipate their financial obligations and manage their budgets effectively.

Property Tax Bills Across Teton County, Montana

Source: Ownwell

$1,218

$1,912

$2,606

Median Teton County Tax Bill

$2,060

Median Montana Tax Bill

$2,646

Median United States Tax Bill

$2,400

Property Tax Bills Across Teton County, Montana

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Bynum	$157	$565	$1,218	$2,422	$3,983
Choteau	$678	$1,362	$1,992	$2,715	$3,584
Dutton	$290	$780	$1,367	$2,054	$3,001
Fairfield	$758	$1,636	$2,606	$3,715	$5,707
Pendroy	$508	$950	$1,791	$2,544	$3,408
Power	$686	$1,520	$2,476	$3,723	$5,571
Brady	N/A	N/A	N/A	N/A	N/A
Conrad	N/A	N/A	N/A	N/A	N/A
Fort Shaw	N/A	N/A	N/A	N/A	N/A
Vaughn	N/A	N/A	N/A	N/A	N/A

Source: Ownwell