Yellowstone County Property Taxes
The median property tax rate in Yellowstone County is 0.84%, which is slightly higher than the Montana state median of 0.83% but below the national median of 0.99%. With a median home value of $306,700 in Yellowstone County, the typical annual property tax bill is approximately $2,559, which is lower than the national median of $2,690. Property taxes in Yellowstone County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Yellowstone County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Billings or another part of Yellowstone County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Yellowstone County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,660
Ownwell’s Yellowstone County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Yellowstone County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Yellowstone County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Yellowstone County, Montana
Property taxes in Yellowstone County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Yellowstone County is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Yellowstone County set these rates annually, and they can vary significantly between different areas within the county. Each year, Yellowstone County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Yellowstone County's effective property tax rate with other regions in Montana and the national median. For comparison, the city of Billings has one of the higher property tax rates in Montana at 0.85%, while the city of Joliet boasts one of the lowest at 0.49%. Analyzing how Yellowstone County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Yellowstone County Tax Rate
0.84%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
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% |
| Joliet | 0.30% | 0.47% | 0.49% | 0.51% | 0.55% |
| 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% |
Source: Ownwell
Property Tax Assessment Values Across Yellowstone County, Montana
In Yellowstone County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Yellowstone County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Yellowstone County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, Park City has the highest median tax bill at $2,761, while Pompeys Pillar has the lowest at $619. Being aware of these valuation processes in Yellowstone County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Yellowstone County, Montana
Source: Ownwell
$15,120
$239,160
$463,200
Average Yellowstone County Assessed Value
$306,700
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
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 |
| Joliet | $233,068 | $405,250 | $455,300 | $486,450 | $520,900 |
| 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 |
Source: Ownwell
Property Tax Bills Across Yellowstone County, Montana
In Yellowstone County, MT, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the county stands at $306,700. Property taxes are influenced by several factors, including local tax rates and the specific characteristics of the property. For instance, homeowners in Yellowstone County can expect a wide range of tax bills. At the 25th percentile, tax bills are around $1,897, while those at the 75th percentile can reach up to $3,222. The top 10% of tax bills can be as high as $4,169. Comparatively, Park City has the highest median tax bill in the county at $2,761, whereas Pompeys Pillar has the lowest at $619. These variations highlight the impact of property location and local tax policies on homeowners. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan accordingly.
Average Yellowstone County Tax Bill
$2,559
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
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 |
| Joliet | $1,159 | $1,973 | $2,187 | $2,410 | $2,797 |
| 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 |
Source: Ownwell