Billings, Yellowstone County, Montana Property Taxes
Median Billings, MT effective property tax rate: 0.85%, slightly lower than the national median of 1.02%, but higher than the Montana state median of 0.83%.
Median Billings, MT home value: $310,800
Median annual Billings, MT tax bill: $2,623, $223 higher than the national median property tax bill of $2,400.
How are property taxes in Yellowstone calculated?
Property taxes in Billings, 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 Billings’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Billings, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Billings, Yellowstone County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.85%
Estimate Property Tax Bill
$2,642
$2,452
Ownwell’s Billings Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Billings with just two data points.
By entering your property's estimated assessed value, our calculator applies Billings' 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 Yellowstone County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Billings, Yellowstone County, Montana
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Billings’s effective property tax rate to other cities in Montana and the median property tax rates in Montana and the U.S.
Billings, located in Yellowstone County, has a median property tax rate of 0.85%, which is below the national median of 1.02%. Within Billings, the highest median tax rate is found in the 59101 zip code at 0.89%, while the lowest is in the 59106 zip code at 0.82%. These figures illustrate the variation in property tax rates even within a single city. Compared to the national median property tax bill of $2400, Billings offers a more affordable property tax environment, making it an attractive option for homeowners seeking manageable tax obligations.
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 Billings Tax Rate
0.85%
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 Billings, Yellowstone County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59101 | 0.56% | 0.77% | 0.89% | 0.96% | 1.04% |
| 59102 | 0.72% | 0.81% | 0.86% | 0.92% | 0.96% |
| 59105 | 0.62% | 0.75% | 0.82% | 0.87% | 0.93% |
| 59106 | 0.60% | 0.74% | 0.82% | 0.88% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Billings, Yellowstone County, Montana
When examining property taxes in Billings, 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 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.
In Yellowstone 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 Billings. For example, the median home price in Billings is $310,800, with tax bills ranging significantly across the county. Zip code 59106 has the highest median home price at $463,200.
Property Tax Assessment Values Across Billings, Yellowstone County, Montana
Source: Ownwell
$15,120
$239,160
$463,200
Median Billings Market Value
$310,800
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 Billings, Yellowstone County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59101 | $21,700 | $173,400 | $233,850 | $317,025 | $425,700 |
| 59102 | $175,768 | $255,000 | $300,300 | $354,900 | $432,600 |
| 59105 | $64,800 | $274,500 | $331,200 | $388,100 | $462,700 |
| 59106 | $316,240 | $387,475 | $463,200 | $597,725 | $747,590 |
Source: Ownwell
Property Tax Bills Across Billings, Yellowstone County, Montana
Median Billings Tax Bill
$2,623
Median Yellowstone County Tax Bill
$2,559
Median Montana Tax Bill
$2,646
Median United States Tax Bill
$2,400
Property Tax Bills Across Billings, Yellowstone County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59101 | $299 | $1,590 | $2,141 | $2,794 | $3,611 |
| 59102 | $1,005 | $2,157 | $2,586 | $3,066 | $3,727 |
| 59105 | $637 | $2,131 | $2,694 | $3,136 | $3,721 |
| 59106 | $2,033 | $3,038 | $3,746 | $4,898 | $6,251 |
Source: Ownwell