Reserve, Sheridan County, Montana Property Taxes
Property Taxes in Reserve, Montana
Median Reserve, Montana effective property tax rate: 1.31%, significantly higher than the national median of 1.02%, and higher than the Montana state median of 0.78%.
Median Reserve, Montana home value: $77,700
Median annual Reserve, Montana tax bill: $1,179, $1,221 lower than the national median property tax bill of $2,400.
How are property taxes in Sheridan calculated?
Property taxes in Reserve, Montana 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 Reserve's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Reserve, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Reserve, Sheridan County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.31%
Estimate Property Tax Bill
$1,018
$945
How Does the Reserve Property Tax Calculator Work?
Use this Reserve property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Reserve's median effective tax rate of 1.31% — based on actual property records in Sheridan County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Reserve's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Reserve: rates range from 1.31% in 59258 to 1.31% in 59258, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Reserve.
About Reserve Property Taxes
About Property Taxes in Reserve, Sheridan, Montana
Reserve’s median effective property tax rate of 1.31% is higher than the Sheridan County median of 0.78% and lower than the national median of 1.02%. This rate reflects the Sheridan County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Reserve. Homeowners in the 59258 ZIP code carry a median effective rate of 1.31%, while those in the same ZIP also pay 1.31%. This reflects how school district boundaries and local assessment districts are drawn across Sheridan County. Understanding which part of Reserve you live in can make a meaningful difference to your annual tax bill.
Reserve homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the July 31, 2025 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Reserve, Sheridan County, Montana
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Reserve's effective property tax rate to other cities in Montana and the median property tax rates in Montana and the U.S.
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 Reserve Tax Rate
1.31%
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 Sheridan County Tax Rate
1.34%
Median Effective Montana Tax Rate
0.78%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Reserve, Sheridan County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59258 | 1.03% | 1.17% | 1.31% | 1.58% | 2.36% |
Source: Ownwell
Property Tax Assessment Values Across Reserve, Sheridan County, Montana
When examining property taxes in Reserve, 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 Sheridan 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.
Assessment notices:
In Sheridan County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of July.
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. For example, the median home price in Reserve is $77,700, with tax bills ranging significantly across the county. ZIP code 59258 has the highest median home price at $77,700.
Property Tax Assessment Values Across Reserve, Sheridan County, Montana
Source: Ownwell
$33,196
$78,235
$123,274
Median Reserve Market Value
$77,700
Median Sheridan County Market Value
$91,160
Median Montana Market Value
$317,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Reserve, Sheridan County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59258 | $4,240 | $42,050 | $77,700 | $176,946 | $234,717 |
Source: Ownwell
Property Tax Bills Across Reserve, Sheridan County, Montana
Property tax bills in Reserve are based on the assessed value of a home and the local tax rate set for Sheridan County. When a property is valued, that assessment becomes the starting point for the bill, and the final amount depends on how local taxing authorities apply their rates to that value. For homeowners, this means a higher assessed value can lead to a larger tax bill, while a lower assessment may reduce what is owed.
In Reserve, the median home price is $77,700, and property tax bills vary widely. The 25th percentile tax bill is $513, while the 75th percentile is $2,466 and the 90th percentile reaches $3,571. The median tax bill in the area is $1,179, which is below the national median property tax bill of $2,400 and far under the national median property tax rate of 1.02%. For homeowners, these differences can have a meaningful impact on annual housing costs.
Median Reserve Tax Bill
$1,179
Median Sheridan County Tax Bill
$1,251
Median Montana Tax Bill
$2,559
Median United States Tax Bill
$2,400
Property Tax Bills Across Reserve, Sheridan County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59258 | $142 | $513 | $1,179 | $2,466 | $3,571 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 31 |
Links | |
|---|---|
| Sheridan Tax Assessor | |
| Website | svc.mt.gov |