Yellowstone County, Montana Property Taxes

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

Median Yellowstone County effective property tax rate: 0.84%, significantly lower than the national median of 1.02%.
Median Yellowstone County home value: $306,700
Median annual Yellowstone County tax bill: $2,559, which is $159 higher than the national median property tax bill of $2,400.

How are property taxes in Yellowstone County calculated?

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

Last Updated March 1, 2025

Yellowstone County, Montana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.84%

Estimate Property Tax Bill

$2,576

$2,391

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

Property Tax Rates Across Yellowstone County, Montana

Local government entities are responsible for setting property tax rates, leading to significant variations within states. The process involves each county estimating its budgetary needs for public services and dividing this by the total assessed value of taxable properties within its borders. This calculation results in the effective property tax rate. Although the setting of tax rates and budgets involves votes and legislation, this annual procedure is the core of how rates are determined. In Yellowstone County, Montana, the effective property tax rate is 0.84%, slightly below the national median of 1.02%. This rate reflects the county's approach to balancing budgetary requirements with property values. Comparatively, Billings, within the same county, has a slightly higher rate of 0.85%, while Acton enjoys a lower rate of 0.49%. These figures highlight the diversity in tax rates within the county and underscore the importance of understanding local tax dynamics. Whether you're a property owner or prospective buyer, being informed about these rates can have a significant impact on financial planning and property investment decisions.

Property Tax Rates Across Yellowstone County, Montana

Source: Ownwell

0.49%

0.69%

0.89%

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 Yellowstone County Tax Rate

0.84%

Median Effective Montana Tax Rate

0.83%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Yellowstone County, Montana

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Acton	0.22%	0.48%	0.49%	0.54%	0.64%
Ballantine	0.43%	0.60%	0.63%	0.69%	0.78%
Billings	0.63%	0.78%	0.85%	0.92%	0.98%
Broadview	0.21%	0.41%	0.52%	0.66%	0.78%
Custer	0.62%	0.74%	0.81%	0.91%	1.04%
Huntley	0.52%	0.61%	0.65%	0.70%	0.75%
Laurel	0.53%	0.60%	0.74%	0.82%	0.88%
Molt	0.35%	0.55%	0.60%	0.63%	0.65%
Park City	0.56%	0.57%	0.58%	0.59%	0.60%
Pompeys Pillar	0.51%	0.56%	0.63%	0.71%	0.75%
Shepherd	0.65%	0.72%	0.77%	0.82%	0.89%
Worden	0.56%	0.61%	0.65%	0.72%	0.75%
Joliet	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Yellowstone County, Montana

When examining property taxes in Yellowstone 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 Yellowstone 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: 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 Yellowstone County. For example, the median tax bill in Yellowstone County is $2,400, with tax bills ranging significantly across the county. Park City has the highest median home price at $461,900.

Property Tax Assessment Values Across Yellowstone County, Montana

Source: Ownwell

$15,120

$239,160

$463,200

Median Yellowstone County Market Value

$306,700

Median Montana Market Value

$317,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Yellowstone County, Montana

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Acton	$5,204	$6,190	$15,120	$42,170	$253,418
Ballantine	$6,236	$11,610	$75,620	$272,800	$345,780
Billings	$72,370	$234,900	$310,800	$397,675	$515,230
Broadview	$13,225	$50,142	$202,750	$274,275	$332,730
Custer	$10,232	$43,190	$118,467	$185,350	$261,960
Huntley	$14,109	$64,275	$309,700	$426,675	$521,190
Laurel	$45,155	$194,025	$258,800	$358,275	$518,100
Molt	$25,500	$309,600	$414,100	$512,050	$629,200
Park City	$193,210	$434,900	$461,900	$523,500	$563,420
Pompeys Pillar	$10,188	$20,180	$64,860	$217,600	$306,660
Shepherd	$12,970	$100,601	$335,100	$420,800	$507,400
Worden	$11,668	$37,750	$218,300	$325,100	$426,400
Joliet	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Yellowstone County, Montana

In Yellowstone County, MT, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. Various factors, such as location, property type, and improvements, influence this assessment. Yellowstone County's property tax bills can vary significantly, with a median home price of $306,700. Homeowners in the lower 25th percentile see tax bills around $1,897, while those in the 75th percentile face bills closer to $3,222. The 90th percentile tax bill reaches up to $4,169. Park City has the highest median tax bill at $2,761, whereas Pompeys Pillar maintains the lowest at $619. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Yellowstone County presents a diverse range of tax burdens. These taxes fund essential community services but can significantly impact homeowners' budgets, making accurate assessments crucial.

Property Tax Bills Across Yellowstone County, Montana

Source: Ownwell

$92

$1,919

$3,746

Median Yellowstone County Tax Bill

$2,559

Median Montana Tax Bill

$2,646

Median United States Tax Bill

$2,400

Property Tax Bills Across Yellowstone County, Montana

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Acton	$29	$60	$92	$581	$1,813
Ballantine	$39	$121	$1,020	$1,779	$2,382
Billings	$663	$2,010	$2,623	$3,287	$4,286
Broadview	$133	$277	$966	$1,358	$1,893
Custer	$245	$473	$1,070	$1,535	$1,939
Huntley	$148	$950	$2,129	$2,859	$3,447
Laurel	$331	$1,510	$1,985	$2,480	$3,207
Molt	$286	$1,530	$2,280	$3,115	$3,856
Park City	$1,684	$2,468	$2,761	$3,107	$3,319
Pompeys Pillar	$121	$204	$619	$1,220	$1,838
Shepherd	$208	$1,616	$2,522	$3,217	$3,975
Worden	$145	$366	$1,519	$2,188	$2,992
Joliet	N/A	N/A	N/A	N/A	N/A

Source: Ownwell