Montana variant. This is a Montana-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Montana's effective property tax rate of 0.74% means the owner of a median $470,000 home pays roughly $3,478 per year - a figure that varies widely by state.
How Montana property tax is calculated
Property tax = assessed value × local millage rate. The 0.74% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $470,000 Montana median home, that works out to about $3,478/year or $290/month - often escrowed into your mortgage payment.
About taxes and housing in Montana
Montana levies a state income tax with a top marginal rate of roughly 5.9%, but it imposes no general statewide sales tax.
Montana property taxes are relatively low at an effective rate near 0.74%, with median home values around $470,000.
Montana's economy leans on agriculture, ranching, energy, and a growing tourism sector centered on its national parks and public lands.
Worked example: tax on a $470,000 home
$470,000 × 0.74% = $3,478 per year. A $500,000 home in Montana would owe about $3,700 annually at the same effective rate.
Quick reference
- State income tax: 4.7-5.9% across 2 brackets
- State sales tax: 0% (plus 0.00% avg local)
- Median home value: $470,000
- Median household income: $66,341
- Effective property tax rate: 0.74%
- Avg auto insurance: $1,471/yr
Frequently Asked Questions
What is the property tax rate in Montana?
Montana's effective property tax rate averages 0.74% of market value per year.
How much property tax on a $470,000 home in Montana?
About $3,478 per year at the 0.74% effective rate.