Billings, Yellowstone County, Montana Property Taxes
Property Taxes in Billings, Montana
Median Billings, Montana effective property tax rate: 0.97%, significantly lower than the national median of 1.02%, and higher than the Montana state median of 0.78%.
Median Billings, Montana home value: $305,330
Median annual Billings, Montana tax bill: $2,939, $539 higher than the national median property tax bill of $2,400.
How are property taxes in Yellowstone calculated?
Property taxes in Billings, 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 Billings's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Billings, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Billings, Yellowstone County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.97%
Estimate Property Tax Bill
$2,962
$2,748
How Does the Billings Property Tax Calculator Work?
Use this Billings property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Billings's median effective tax rate of 0.97% — based on actual property records in Yellowstone 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 Billings'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 Billings: rates range from $2,278 in 59101 to $4,157 in 59106, 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 Billings.
About Billings Property Taxes
About Property Taxes in Billings, Yellowstone, Montana
Billings’s median effective property tax rate of 0.97% is lower than the Montana state median of 0.78% and higher than the national median of 1.02%. This rate reflects the Yellowstone 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 Billings. Homeowners in the 59101 ZIP code carry a median effective rate of 0.99%, while those in 59106 pay 0.94%. This spread — 0.05 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Yellowstone County. Understanding which part of Billings you live in can make a meaningful difference to your annual tax bill.
Billings homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the May 15, 2026 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 Billings, Yellowstone 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 Billings'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 Ă· 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 Billings Tax Rate
0.97%
Our median effective property tax rate (tax bill Ă· 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 Yellowstone County Tax Rate
0.96%
Median Effective Montana Tax Rate
0.78%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Billings, Yellowstone County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59101 | 0.59% | 0.84% | 0.99% | 1.04% | 1.12% |
| 59102 | 0.70% | 0.95% | 0.98% | 1.01% | 1.04% |
| 59105 | 0.68% | 0.84% | 0.97% | 1.01% | 1.05% |
| 59106 | 0.70% | 0.79% | 0.94% | 0.97% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Billings, Yellowstone County, Montana
When examining property taxes in Billings, 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 Yellowstone 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 are sent in the spring each year and typically reach your mailbox by the middle of the month. Each property owner receives a 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 Billings is $305,330, with tax bills ranging significantly across the county. Zip code 59106 has the highest median home price at $450,200.
Property Tax Assessment Values Across Billings, Yellowstone County, Montana
Source: Ownwell
$18,070
$245,835
$473,600
Median Billings Market Value
$305,330
Median Yellowstone County Market Value
$298,700
Median Montana Market Value
$317,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Billings, Yellowstone County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59101 | $30,528 | $158,000 | $231,200 | $311,425 | $426,730 |
| 59102 | $169,600 | $253,000 | $301,300 | $357,900 | $436,600 |
| 59105 | $69,178 | $251,450 | $324,600 | $382,100 | $458,900 |
| 59106 | $112,656 | $363,100 | $450,200 | $587,100 | $746,122 |
Source: Ownwell
Property Tax Bills Across Billings, Yellowstone County, Montana
How are property tax bills calculated in Billings?
Property tax bills in Billings are based on the assessed value of a home and the local tax rate set for Yellowstone County and other taxing authorities. When a property’s market value changes, the assessed value can change too, which affects the final bill. Local budgets, school funding, and public services all play a role in determining how much homeowners owe.
What factors are considered when calculating the bill?
The main factors are the home’s value, the assessment process, and the combined tax rates applied to that value. For Billings homeowners, the median home price is $305,330, and tax bills can vary widely across neighborhoods. The 25th percentile tax bill is $2,045, while the 75th percentile is $3,747.
How does this affect homeowners?
Higher assessed values can lead to higher property tax bills, especially in areas with stronger tax rates. In Billings, the highest median tax bill is $4,157 in ZIP code 59106, compared with $2,278 in ZIP code 59101.
Median Billings Tax Bill
$2,939
Median Yellowstone County Tax Bill
$2,825
Median Montana Tax Bill
$2,559
Median United States Tax Bill
$2,400
Property Tax Bills Across Billings, Yellowstone County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59101 | $326 | $1,460 | $2,278 | $3,053 | $3,971 |
| 59102 | $754 | $2,348 | $2,945 | $3,493 | $4,243 |
| 59105 | $602 | $2,177 | $3,110 | $3,683 | $4,314 |
| 59106 | $935 | $3,130 | $4,157 | $5,383 | $6,890 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Yellowstone Tax Assessor | |
| Website | www.yellowstonecountymt.gov |