Big Sky, Gallatin County, Montana Property Taxes
Median Big Sky, MT effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, but lower than the Montana state median of 0.83%.
Median Big Sky, MT home value: $1,364,200
Median annual Big Sky, MT tax bill: $7879, $5479 higher than the national median property tax bill of $2,400.
How are property taxes in Gallatin calculated?
Property taxes in Big Sky, 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 Big Sky’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Big Sky, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Big Sky, Gallatin County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.58%
Estimate Property Tax Bill
$7,912
$7,342
Property Tax Rates Across Big Sky, Gallatin County, Montana
Local government entities determine tax rates, and these can vary significantly within a state. This variation is due to the fact that each county must estimate its annual budget necessary to provide services and then divide that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although setting tax rates and budgets involves votes and legal regulations, this is essentially the annual process.
In Gallatin County, the effective property tax rate in Big Sky stands out when compared to other cities in Montana. The property tax rate here is notably below the national median, which is 1.02%. This makes Big Sky an attractive location for property owners looking for lower tax burdens. While residents benefit from these lower rates, it's essential to consider how these rates impact local services and infrastructure. Comparing Big Sky's effective property tax rate to the national median highlights the financial advantages of owning property in this area.
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 Sky Tax Rate
0.58%
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 Gallatin County Tax Rate
0.80%
Median Effective Montana Tax Rate
0.83%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Big Sky, Gallatin County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59716 | 0.58% | 0.58% | 0.58% | 0.63% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Big Sky, Gallatin County, Montana
When examining property taxes in Big Sky, Montana, 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 Gallatin 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 Gallatin 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 Big Sky. For example, the median home price in Big Sky is $1,364,200, with tax bills ranging significantly across the county. Zip code 59716 has the highest median home price at $1,364,200.
Property Tax Assessment Values Across Big Sky, Gallatin County, Montana
Source: Ownwell
$365,250
$864,725
$1,364,200
Median Big Sky Market Value
$1,364,200
Median Gallatin County Market Value
$644,700
Median Montana Market Value
$317,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Big Sky, Gallatin County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59716 | $618,300 | $860,500 | $1,364,200 | $2,488,288 | $4,444,280 |
Source: Ownwell
Property Tax Bills Across Big Sky, Gallatin County, Montana
Median Big Sky Tax Bill
$7,879
Median Gallatin County Tax Bill
$5,055
Median Montana Tax Bill
$2,646
Median United States Tax Bill
$2,400
Property Tax Bills Across Big Sky, Gallatin County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59716 | $3,570 | $4,979 | $7,879 | $15,591 | $31,490 |
Source: Ownwell