Busby, Big Horn County, Montana Property Taxes
Median Busby, MT effective property tax rate: 0.98%, significantly lower than the national median of 1.02%, but higher than the Montana state median of 0.83%.
Median Busby, MT home value: $40,615
Median annual Busby, MT tax bill: $987, $1,413 lower than the national median property tax bill of $2,400.
How are property taxes in Big Horn calculated?
Property taxes in Busby, 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 Busby’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Busby, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Busby, Big Horn County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.98%
Estimate Property Tax Bill
$398
$369
Property Tax Rates Across Busby, Big Horn County, Montana
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation is due to each county's process of estimating its annual budget to provide essential services and then dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws also play a role in determining tax rates and budgets, this is the core process undertaken each year.
In Busby, located in Big Horn County, MT, you can see how the effective property tax rate compares to other cities in Montana, as well as the median property tax rates both within the state and nationally. Montana's median property tax rate stands at 0.98%, which is below the national median of 1.02%. This lower rate can offer significant savings for property owners in Busby compared to other regions across the United States. Understanding these rates is crucial for property owners looking to manage their expenses effectively and take advantage of potential savings through property tax appeals and exemptions.
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 Busby Tax Rate
0.98%
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 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 Busby, Big Horn County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59016 | 0.80% | 0.95% | 0.98% | 1.03% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Busby, Big Horn County, Montana
When examining property taxes in Busby, 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 March. 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 Busby. For example, the median home price in Busby is $40,615, with tax bills ranging significantly across the county. Zip code 59016 has the highest median home price at $40,615.
Property Tax Assessment Values Across Busby, Big Horn County, Montana
Source: Ownwell
$29,490
$130,769
$232,047
Median Busby Market Value
$40,615
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 Busby, Big Horn County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59016 | $6,932 | $9,800 | $40,615 | $100,885 | $221,048 |
Source: Ownwell
Property Tax Bills Across Busby, Big Horn County, Montana
Median Busby Tax Bill
$987
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 Busby, Big Horn County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59016 | $140 | $446 | $987 | $2,028 | $3,663 |
Source: Ownwell