What is the property tax rate in Montana?

Montana has an effective property tax rate of 0.75%, ranking it #30 out of 50 states. The median homeowner pays $2,535 per year.

How are property taxes calculated in Montana?

Property taxes in Montana are calculated by multiplying the assessed value of your property by the local tax rate (millage rate). The effective rate shown here (0.75%) represents the median taxes paid as a percentage of median home value across the state.

Which county in Montana has the lowest property taxes?

Among Montana's 56 counties, Yellowstone County has one of the lowest effective property tax rates.

Does Montana have a homestead exemption?

Yes, Montana offers several property tax exemptions including: General Homestead, Disabled Veteran, Property Tax Assistance (Over 65). See the exemptions section above for details.

Montana Property Tax Rate

2023 Data · 56 Counties

0.75%effective rate

Montana has an effective property tax rate of 0.75%, ranking it #30 among all 50 states. The median homeowner in Montana pays $2,535 per year in property taxes on a home valued at $338,100. This rate is 21% lower than the national average of 0.95%.

Effective Tax Rate📊

0.75%

#30 of 50 states

Median Tax Paid🏠

$2,535

Per year

Median Home Value💰

$338,100

2023 estimate

Total Counties📍

Population: 1,105,072

Property Tax Rates by County in Montana

Rank ▲	County	Effective Rate	Median Tax	Median Value
#1	Blaine County	1.52%	$1,901	$124,900
#2	Roosevelt County	1.29%	$1,535	$119,400
#3	Sheridan County	1.29%	$1,436	$111,600
#4	Dawson County	1.17%	$2,199	$187,400
#5	Custer County	1.10%	$2,242	$204,200
#6	Valley County	1.10%	$2,185	$198,600
#7	Hill County	1.08%	$2,026	$187,600
#8	Silver Bow County	1.05%	$2,357	$223,500
#9	Liberty County	1.03%	$1,204	$116,800
#10	Big Horn County	1.00%	$1,482	$148,200
#11	Toole County	0.96%	$1,805	$187,400
#12	Cascade County	0.92%	$2,236	$243,300
#13	Missoula County	0.91%	$3,833	$423,100
#14	Pondera County	0.88%	$1,584	$179,200
#15	Daniels County	0.86%	$1,533	$177,800
#16	Phillips County	0.85%	$1,484	$175,000
#17	Prairie County	0.85%	$1,428	$167,100
#18	Fergus County	0.84%	$1,709	$202,700
#19	Yellowstone County	0.84%	$2,669	$317,600
#20	Powder River County	0.83%	$1,237	$149,400

How Montana Compares

Montana

0.75%

National Average

0.95%

Neighboring States

Calculate Your Property Tax in Montana

Property Tax Calculator

Estimate your annual property tax based on your location and home value

State

County

Home Value

$50k$2M

Apply homestead exemption ($100,000 reduction)

Estimated Annual Property Tax

$2,250

$188/month · Rate: 0.75%

Home Value

$300,000

Taxable Value

$300,000

Effective Rate

0.75%

Montana Property Tax Exemptions

✓

General Homestead

Residential property taxed at lower class rate; additional $200,000 exemption for properties under specified value

Primary residence owners

✓

Disabled Veteran

Up to 100% exemption based on disability rating and income

Veterans with service-connected disability; income limits apply

✓

Property Tax Assistance (Over 65)

Credit of up to $1,000 against property taxes

Homeowners age 65+ with income under set limits

Nearby States

Idaho

0.53%

North Dakota

0.99%

South Dakota

1.09%

Wyoming

0.58%

Frequently Asked Questions

Data Source: U.S. Census Bureau, 2023 American Community Survey 5-Year Estimates. Effective tax rates are calculated by dividing median real estate taxes paid by median home value.