Colstrip, Rosebud County, Montana Property Taxes

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

Median COLSTRIP, MT effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, but lower than the Montana state median of 0.83%.
Median COLSTRIP, MT home value: $103,700
Median annual COLSTRIP, MT tax bill: $926, $1,474 lower than the national median property tax bill of $2,400.

How are property taxes in Rosebud calculated?

Property taxes in COLSTRIP, 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 COLSTRIP’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in COLSTRIP, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Colstrip, Rosebud County, Montana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.78%

Estimate Property Tax Bill

$809

$751

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

Property Tax Rates Across Colstrip, Rosebud County, Montana

Local government entities are responsible for setting tax rates, leading to significant variations within a state. The process involves each county estimating its annual budget needed to provide essential services and dividing this by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the basic annual process.

In Colstrip, located in Rosebud County, MT, the effective property tax rate provides an interesting comparison to other cities in Montana and the national figures. Colstrip's property tax rate aligns with the highest and lowest median rates in the state, which can be advantageous for homeowners. Montana's median property tax rate is below the national median of 1.02%, offering a more favorable tax environment in comparison to many other regions. This means that residents of Colstrip benefit from relatively lower property tax bills, making it an attractive option for property owners seeking to manage their expenses.

Property Tax Rates Across Colstrip, Rosebud County, Montana

Source: Ownwell

0.40%

0.78%

1.16%

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 Colstrip Tax Rate

0.78%

Median Effective Rosebud County Tax Rate

0.80%

Median Effective Montana Tax Rate

0.83%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Colstrip, Rosebud County, Montana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
59323	0.58%	0.64%	0.78%	0.83%	0.97%

Source: Ownwell

Property Tax Assessment Values Across Colstrip, Rosebud County, Montana

When examining property taxes in Colstrip, 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 Rosebud 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 Rosebud 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 Colstrip.

For example, the median home price in Colstrip is $103,700, with tax bills ranging significantly across the county. 59323 has the highest median home price at $103,700.

Property Tax Assessment Values Across Colstrip, Rosebud County, Montana

Source: Ownwell

$11,908

$63,178

$114,447

Median Colstrip Market Value

$103,700

Median Rosebud County Market Value

$88,000

Median Montana Market Value

$317,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Colstrip, Rosebud County, Montana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
59323	$9,338	$22,358	$103,700	$148,800	$189,780

Source: Ownwell

Property Tax Bills Across Colstrip, Rosebud County, Montana

In Colstrip, located in Rosebud County, MT, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by the local assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Colstrip experience a median property tax bill of $926, which is significantly lower than the national median property tax bill of $2,400. Factors such as the home’s location, size, and improvements can influence the assessed value, thereby affecting the property tax bill. For homeowners, managing these taxes is crucial, as they can impact overall housing costs. Ownwell can assist homeowners by reviewing their property assessments and identifying potential inaccuracies or opportunities for exemptions. By appealing the assessed value, Ownwell helps ensure that homeowners are not overpaying on their property taxes, potentially saving them hundreds of dollars annually.

Property Tax Bills Across Colstrip, Rosebud County, Montana

Source: Ownwell

$105

$609

$1,112

Median Colstrip Tax Bill

$926

Median Rosebud County Tax Bill

$942

Median Montana Tax Bill

$2,646

Median United States Tax Bill

$2,400

Property Tax Bills Across Colstrip, Rosebud County, Montana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
59323	$88	$299	$926	$1,183	$1,459

Source: Ownwell