Billings, Big Horn County, Montana Property Taxes

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

Median Billings, MT effective property tax rate: 1.02%, aligning with the national median of 1.02%, but higher than the Montana state median of 0.83%.
Median Billings, MT home value: $145,723
Median annual Billings, MT tax bill: $1,529, $871 lower than the national median property tax bill of $2,400.

How are property taxes in Big Horn 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, Big Horn County, Montana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.02%

Estimate Property Tax Bill

$1,486

$1,379

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 Big Horn County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Billings, Big Horn County, Montana

Local government entities determine tax rates, which can differ significantly across a state. This variation arises because each county calculates its necessary budget to deliver services annually and divides it by the total value of all taxable property within its jurisdiction, leading to the property tax rate. Although votes and regulations play a role in setting these rates and budgets, this is the basic annual process. In Billings, situated in Big Horn County, Montana, the effective property tax rate can be compared to other cities within the state and to national figures. While the median property tax rate in Montana aligns with the national average of 1.02%, the specific rate in Billings may reflect local economic conditions and budgetary needs. Understanding these differences can help property owners make informed decisions about their investments and potential tax liabilities. By evaluating how Billings' property tax rates compare to state and national medians, property owners can better navigate the complexities of property tax assessments and plan accordingly.

Property Tax Rates Across Billings, Big Horn County, Montana

Source: Ownwell

0.86%

1.03%

1.19%

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

1.02%

Median Effective Big Horn County Tax Rate

1.09%

Median Effective Montana Tax Rate

0.83%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Billings, Big Horn County, Montana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
59101	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Billings, Big Horn 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 Big Horn 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 Big Horn 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 $145,723, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Billings, Big Horn County, Montana

Source: Ownwell

$29,490

$130,769

$232,047

Median Billings Market Value

$145,723

Median Big Horn County Market Value

$96,282

Median Montana Market Value

$317,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Billings, Big Horn County, Montana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
59101	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Billings, Big Horn County, Montana

In Billings, located in Big Horn County, Montana, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. With a median home price of $145,723 in Billings, the property tax bills can vary significantly. For instance, homeowners might see tax bills ranging from $933 at the 25th percentile to $2,079 at the 90th percentile. This variability is influenced by factors such as property location, improvements, and market fluctuations.

Compared to the national median property tax rate of 1.02%, Billings offers a relatively affordable tax environment. However, for homeowners seeking to minimize their expenses, appealing property tax assessments can be a strategic move. This is where Ownwell steps in, offering expert guidance in navigating the appeal process. By leveraging their knowledge and expertise, Ownwell helps homeowners identify potential savings and secure exemptions, ultimately reducing their property tax burden and ensuring they only pay what's fair.

Property Tax Bills Across Billings, Big Horn County, Montana

Source: Ownwell

$550

$1,890

$3,229

Median Billings Tax Bill

$1,529

Median Big Horn County Tax Bill

$1,275

Median Montana Tax Bill

$2,646

Median United States Tax Bill

$2,400

Property Tax Bills Across Billings, Big Horn County, Montana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
59101	N/A	N/A	N/A	N/A	N/A

Source: Ownwell