Montana (MT) property tax rate: 0.84% | Median home: $445,000 | Median annual tax: $3,738
Montana is a scenic Big Sky state with surging post-pandemic demand. The average effective property tax rate in Montana is 0.84%, which is near the national average of 1.1%.
On the median Montana home valued at $445,000, annual property taxes come to approximately $3,738 or $312/month. This is a significant part of your total housing cost and should be factored into any home purchase budget.
Pro tip: Montana has no sales tax. The Homestead Exemption reduces residential assessment rates.
Combined with Montana's state income tax rate of 5.9%, homeowners should consider the total tax picture. Property taxes in Montana are manageable and in line with regional averages.
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Montana has an average effective property tax rate of 0.84%. On the median home value of $445,000, that equals approximately $3,738 per year or $312 per month.
Property taxes in Montana are calculated by multiplying your home assessed value by the local tax rate. The assessed value may differ from market value depending on your county assessment ratio. Exemptions like homestead exemptions can reduce your taxable value.
Montana has no sales tax. The Homestead Exemption reduces residential assessment rates.
Montana property taxes are near the national average of 1.1%. This means property tax costs are predictable and in line with most states.
Property tax due dates vary by county in Montana. Most counties offer semi-annual payments. Check with your county tax assessor office for specific due dates. Late payments typically incur penalties of 1-2% per month.