Prairie County, Montana Property Taxes

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

Median Prairie County effective property tax rate: 1.05%, slightly higher than the national median of 1.02%.
Median Prairie County home value: $64,200
Median annual Prairie County tax bill: $652, $1,748 lower than the national median property tax bill of $2,400.

How are property taxes in Prairie County calculated?

Property taxes in Prairie County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Terry or another part of Prairie County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Prairie County, Montana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.03%

Estimate Property Tax Bill

$663

$616

Ownwell’s Prairie County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Prairie County with just two data points. By entering your property's estimated assessed value, our calculator applies Prairie County’s 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 more 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 Prairie County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Prairie County, Montana

Local government entities determine tax rates, which can significantly differ across a state. This variation arises because each county annually estimates the budget needed to fund services and divides it by the total value of all taxable property within its jurisdiction. This calculation yields the property tax rate. Although votes and legislation play a role in setting tax rates and budgets, this is the essence of the annual process.

You can compare Prairie County's effective property tax rate to other counties in Montana or the U.S. median property tax rate. Prairie County's tax rate is slightly above the national median, reflecting the diverse economic landscape within the state. While Terry boasts the highest median tax rate in Montana, Fallon offers a more economical rate. Understanding these differences can empower property owners to make informed decisions and potentially save money. By knowing where your county stands, you can better navigate the complexities of property taxation and explore opportunities for appeals or exemptions.

Property Tax Rates Across Prairie County, Montana

Source: Ownwell

0.79%

0.91%

1.03%

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 Prairie County Tax Rate

1.03%

Median Effective Montana Tax Rate

0.78%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Prairie County, Montana

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Fallon	0.78%	0.79%	0.79%	0.84%	1.02%
Glendive	0.79%	0.81%	0.90%	1.02%	1.10%
Mildred	0.78%	0.78%	0.79%	0.90%	0.99%
Terry	0.78%	0.97%	1.03%	1.03%	1.03%
Brockway	N/A	N/A	N/A	N/A	N/A
Ismay	N/A	N/A	N/A	N/A	N/A
Lindsay	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Prairie County, Montana

When examining property taxes in Prairie County, 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 Prairie County Department of Revenue 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 Prairie 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 Prairie County. For example, the median tax bill in Prairie County is $642, with tax bills ranging significantly across the county. Glendive has the highest median home price at $146,686.

Property Tax Assessment Values Across Prairie County, Montana

Source: Ownwell

$32,708

$89,697

$146,686

Median Prairie County Market Value

$64,400

Median Montana Market Value

$317,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Prairie County, Montana

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Fallon	$3,276	$11,353	$57,705	$115,570	$212,542
Glendive	$62,502	$105,374	$146,686	$256,320	$308,055
Mildred	$6,005	$11,419	$32,708	$76,932	$113,227
Terry	$7,567	$22,756	$65,808	$112,895	$176,771
Brockway	N/A	N/A	N/A	N/A	N/A
Ismay	N/A	N/A	N/A	N/A	N/A
Lindsay	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Prairie County, Montana

In Prairie County, MT, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in this county is $64,200, and property taxes are calculated based on this value. The local tax rate is applied to the assessed value to determine the tax bill. Various factors, such as property location and market conditions, can influence the assessed value. In Prairie County, the median property tax bill is significantly lower than the national median of $2,400, with the 25th percentile tax bill at $226 and the 75th percentile at $1,148. The tax bill can range significantly, from as low as $397 in Mildred to as high as $1,315 in Glendive. For homeowners, understanding these factors is crucial as they directly affect their annual financial obligations. Lower tax bills can be advantageous for homeowners, providing them with the opportunity to allocate resources to other expenses or savings.

Property Tax Bills Across Prairie County, Montana

Source: Ownwell

$421

$860

$1,298

Median Prairie County Tax Bill

$630

Median Montana Tax Bill

$2,559

Median United States Tax Bill

$2,400

Property Tax Bills Across Prairie County, Montana

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Fallon	$33	$100	$485	$1,088	$2,031
Glendive	$473	$831	$1,298	$2,591	$3,308
Mildred	$59	$123	$421	$750	$1,086
Terry	$107	$232	$657	$1,128	$1,803
Brockway	N/A	N/A	N/A	N/A	N/A
Ismay	N/A	N/A	N/A	N/A	N/A
Lindsay	N/A	N/A	N/A	N/A	N/A

Source: Ownwell