Yellowstone County Tax Estimator

How property tax works in Yellowstone County

Your bill is the assessed value of your home multiplied by the combined rate of every authority that taxes it — the county, the school district, the city or township, and often a fire or library district. Those rates are set separately and added together, which is why two houses of identical value on opposite sides of a district line can owe different amounts.

Across Yellowstone County, the median home is worth $317,600 and the median property tax bill is $2,669. Dividing one by the other gives the effective rate of 0.840% used above. That is the honest way to estimate a bill without knowing which districts a specific address falls into.

Income tax in Montana, while you are here

Montana taxes income through 2 brackets, up to 5.65%, on top of the property tax above. Work out your Montana income tax.

Yellowstone County in the national picture

Yellowstone County is an ordinary American county on this measure. Its 0.84% sits within 15% of the national median of 0.84%, which puts it in the broad middle where most of the country lives. That matters when you are comparing offers: the rate here is not the thing that will decide the deal either way.

For scale, the range across the whole country runs from about 0.08% at the bottom to 3.64% at the top. That is a spread of more than twenty to one on the same house, and it is decided almost entirely by where the line on the map falls rather than by anything about the property itself.

What 0.84% costs at each price point in Yellowstone County

The rate is a percentage, so the bill scales straight with the value the assessor puts on the property: $200,000 → $1,681 a year ($140 a month); $350,000 → $2,941 a year ($245 a month); $500,000 → $4,202 a year ($350 a month); $750,000 → $6,303 a year ($525 a month); $1,000,000 → $8,404 a year ($700 a month).

The median home in Yellowstone County is assessed around $317,600, which is why the typical bill here lands near $2,669. If you are looking above that price, read the row that matches your budget rather than the median — the median describes the county, not your purchase.

One caveat that catches people out: these figures use assessed value, and in many states that is not the same as the price you paid. Some states assess at a fixed fraction of market value, and some cap how fast an assessment can rise for an existing owner. Both make the published rate look higher or lower than what a specific household actually pays.

What property tax takes out of a Yellowstone County income

Median household income in Yellowstone County is $74,400 and the median property tax bill is $2,669. That is 3.6% of gross household income going to property tax alone — before any income tax, before FICA, and before the mortgage the tax sits on top of.

At 3.6% this is a manageable share by national standards, but note what it is measured against: median income, not your income. A retiree on a fixed income in the same house pays the same bill as the household earning $74,400, which is why almost every state has some form of senior or disability relief and why it is worth asking the assessor whether you qualify.

This is also the number that rent quietly reflects. A landlord in Yellowstone County pays the same $2,669 on a comparable property and prices it into the lease, so the tax reaches renters too — it just arrives without a bill attached.

Why Montana counties charge such different rates

Property tax is set locally, so Montana does not have one rate — it has 56. They run from 0.41% in Madison County to 1.52% in Blaine County, with Yellowstone County at 0.84%, 38th cheapest of 56.

That is a spread of more than 3.7 to one inside a single state, which tells you the state rules are not what is driving the number. What drives it is the local mix: how much of the school budget comes from the state rather than the district, whether there is commercial or industrial value to spread the burden across, and how fast home values have moved relative to the budgets those values have to fund.

The practical consequence is that a rate you were quoted for Montana as a whole is close to meaningless. The number that applies to you is the one for your county, and often for your district within it.

Property tax and income tax in Montana, together

Montana taxes income as well as property, so a full picture of what living in Yellowstone County costs needs both. The property side is local and is on this page; the income side is set at state level and applies wherever in Montana you live.

The two are worth adding together rather than comparing separately, because states trade them off against each other. A state with a low income tax often leans harder on property, and vice versa — which is why a single-tax comparison between two states can point the wrong way.

What the Yellowstone County figure is, and what it is not

The 0.84% on this page is an effective rate: the Census Bureau's median property tax paid in Yellowstone County ($2,669) divided by its median home value ($317,600), both from the American Community Survey five-year estimates. It is a real, citable measure of what owners here actually pay.

It is not a millage rate, and it is not the number on your tax bill. Your bill is the sum of every levy that reaches your parcel — county, school district, city or township, and often a fire, library or water district — applied to your assessed value after any exemption you qualify for. Two houses of the same value on opposite sides of a district line in Yellowstone County can owe different amounts, and both are correct.

Use this figure to compare Yellowstone County against other places and to sanity-check an escrow estimate. Use the assessor's roll to find out what you owe.

Yellowstone County at a glance

Yellowstone County has a population of about 167,340, 73,363 housing units, and a median household income of $74,400.

At that size there are typically a handful of taxing districts inside the county, so the rate on this page is an average across them rather than the figure for any one address.

The Montana rules that change your Yellowstone County bill

Montana’s reform does not exempt value — it gives your home a LOWER TAX RATE. HB 231 of 2025 created the Homestead Rate for principal residences and long-term rentals, tiered so each slice of market value is taxed at its own rate rather than the whole at one. The state projects a 15% cut for homeowners and 18% for small businesses.

Montana determines 100% of market value and then applies a class tax rate to get taxable value — residential is class four. Reappraisal runs on a TWO-year cycle for residential property, among the shortest in the country, so Montana values track the market closely and move in visible steps.

You must occupy the home for at least seven months a year, and ownership must be individual, joint or through a grantor revocable trust — an LLC, partnership, corporation or irrevocable trust is disqualified outright. Applications have a hard deadline, and missing it means paying the higher rate for the year.

These are Montana rules and they apply in every county in the state, Yellowstone County included. What varies locally is the rate, not the relief — so if you qualify for the relief and have not claimed it, the Yellowstone County assessor is where that gets fixed.

The ten-year figure, which is the one that decides a purchase

A single year's property tax is a number people accept without much thought. The decade is the number that changes decisions, because unlike a mortgage it never amortises away and unlike income tax it does not fall when your income does.

On Yellowstone County's median home value of $317,600, held ten years with assessed value rising 4% a year, Yellowstone County collects about $32,046. The cheapest county in the state collects $15,580 over the same period and the dearest $58,036 — a spread of $42,455 on identical property, decided entirely by location.

The same house at the national median rate of 0.84% would run $31,920 over ten years, so Yellowstone County costs about $126 more across the decade than a typical American county would.

Set that against the mortgage to see the weight of it. On a $317,600 purchase the ten-year property tax bill in Yellowstone County is roughly 13% of the amount financed at 80% loan-to-value — before insurance, before maintenance, and before any millage increase. It is the largest recurring cost of ownership after interest, and the only one that a district can raise without asking you.

Treat the figure as an order of magnitude rather than a forecast. It assumes Yellowstone County's current effective rate holds, and rates move with district budgets and with reassessment cycles. What it is reliable for is the comparison: the gap between two counties is far more durable than either absolute number.

Appealing a Yellowstone County assessment: what it is worth

You cannot appeal the tax rate — that is set by budget votes you have no standing to challenge individually. What you can appeal is the assessor's opinion of your property's value, and that is a factual claim you can be right or wrong about.

The arithmetic decides whether it is worth your afternoon. On the median home in Yellowstone County, $317,600, the bill runs about $2,669 a year. A 10% reduction in assessed value is worth roughly $267 a year, and because the corrected value carries forward it is nearer $1,335 across five years. Under $60 a year, the paperwork rarely pays; over $400, it usually does.

What wins is comparable sales, not hardship. Three to five recent arm's-length sales of genuinely similar properties — same neighbourhood, similar size, age and condition — near your valuation date. What loses is what the bill does to your budget, what the previous owner paid, or that the rate went up. Assessors decide value; none of those speak to value.

Also check the record itself before arguing valuation, because errors are commoner than contested opinions: square footage that includes an unfinished basement, a bathroom that does not exist, a garage counted twice, land area from a survey predating a lot split. A factual correction is usually granted without a hearing.

The deadline in Montana: There is a hard application deadline for the Homestead Rate, and missing it means paying the higher rate for the whole year. Miss it and there is generally no remedy until the following cycle, whatever the merits — property tax appeal windows are short and strictly applied, and they typically start from the date the notice was mailed rather than the date you opened it.

How the bill is paid, and what happens if it is not

Most owners with a mortgage never pay this directly. The servicer collects roughly $222 a month alongside principal and interest on the median Yellowstone County bill, holds it in escrow, and pays the county when it falls due. The consequence is that a rise reaches you as a change in your monthly payment months after the fact, with no obvious connection to the assessment notice that caused it.

Read the annual escrow analysis when it arrives. It shows the bill actually paid, and it is the cheapest way to catch an assessment you would have appealed had you noticed — by the time the payment changes, the appeal window for that year has usually closed.

Owners without a mortgage pay the county directly, generally in two instalments; Montana's calendar is set out above. Late payment carries interest set by statute rather than by the county, and it is not small — rates in the region of 1% a month are common, which is above most credit card debt on an annualised basis.

Unpaid property tax is also secured against the house itself, which is what separates it from every other tax. States permit a tax lien, and eventually a tax sale, at the end of a statutory redemption period. It is slow and heavily noticed, so it is nearly always avoidable — but the mechanism means an unpaid property tax bill can never simply be written off the way an unpaid income tax debt sometimes is.

The Montana counties either side of Yellowstone County

The Montana counties immediately cheaper than Yellowstone County: Powder River County at 0.83%, Teton County at 0.82%, Deer Lodge County at 0.81%. On a $400,000 home the move from Yellowstone County to Deer Lodge County would save about $108 a year.

Immediately more expensive: Fergus County at 0.84%, Phillips County at 0.85%, Prairie County at 0.85%. If you are weighing Yellowstone County against Fergus County, the rate gap on a $400,000 home is about $11 a year — worth knowing, but rarely the largest difference between two places.

Comparisons like these are the reason to use an effective rate rather than a millage. Millage rates are not comparable across county lines because assessment practices differ; tax paid over value paid is.

What actually sets your Yellowstone County bill

Three numbers decide your bill, and the rate is only one of them. The first is assessed value, and Montana taxes the full market value rather than a fraction of it — so nothing is discounted before the exemptions come off, and the headline rate here means what it says.

The second is how fast that value is allowed to move. We have not loaded a statewide cap for Montana, so assume your assessment can follow the market unless your assessor tells you otherwise.

The third is the combined rate of every authority that reaches your parcel — the county, the school district, the city or township, often a fire or library district. They are set separately and added, which is why two houses of identical value on opposite sides of a line in Yellowstone County owe different amounts and both figures are correct.

Buying in Yellowstone County? Read this first

Property tax is the part of the monthly cost buyers most often underestimate, because it does not surface until the lender builds the escrow. On a $400,000 home in Yellowstone County it adds roughly $280 a month on top of principal, interest and insurance — $3,362 a year.

One rule to check before you rely on the seller's number: whether Montana revalues the property when it changes hands. Where it does, the seller's bill can understate yours badly; where it does not, you inherit their position. We have not loaded that rule for Montana, so ask the Yellowstone County assessor directly rather than assuming.

Then ask what relief you qualify for in your first year. There is a hard application deadline for the Homestead Rate, and missing it means paying the higher rate for the whole year. Relief that is not claimed is not given.

If your Yellowstone County assessment looks wrong

You can contest the assessed value. You cannot contest the rate — that is set by elected bodies and is not open to appeal. So the question to answer before filing is narrow: would this property actually sell for what the assessor says it is worth?

Gather comparable sales close to the assessment date rather than to today. An assessor is defending a valuation as of a particular day, and recent sales that postdate it carry little weight.

There is a hard application deadline for the Homestead Rate, and missing it means paying the higher rate for the whole year. The Yellowstone County assessor's office is where the clock is published, and missing it costs the whole year — there is no late appeal in most jurisdictions.

Yellowstone County property tax questions

How much is property tax in Yellowstone County?

The effective rate in Yellowstone County is 0.84%, from a median tax bill of $2,669 on a median home value of $317,600. On a $400,000 home that is about $3,362 a year, or $280 a month once it is in escrow.

Is property tax high in Yellowstone County?

No, it is close to typical. Yellowstone County charges 0.84% against a national median of 0.84%, which puts it in the broad middle where most of the country sits.

Which Montana county has the lowest property tax?

Madison County at 0.41%, with Blaine County the most expensive at 1.52%. Yellowstone County sits at 0.84%, 38th cheapest of the 56 Montana counties with published data.

Will my Yellowstone County tax bill change when I buy?

That depends on whether Montana revalues a property when it changes hands, and we have not loaded that rule for Montana. It matters: in states that reassess on sale, the seller's bill can badly understate what you will pay. Ask the Yellowstone County assessor before you rely on the current figure.

Is there a homestead exemption in Yellowstone County?

Not in the usual form. Montana’s reform does not exempt value — it gives your home a LOWER TAX RATE. HB 231 of 2025 created the Homestead Rate for principal residences and long-term rentals, tiered so each slice of market value is taxed at its own rate rather than the whole at one. The state projects a 15% cut for homeowners and 18% for small businesses.

Do seniors pay property tax in Yellowstone County?

You must occupy the home for at least seven months a year, and ownership must be individual, joint or through a grantor revocable trust — an LLC, partnership, corporation or irrevocable trust is disqualified outright. Applications have a hard deadline, and missing it means paying the higher rate for the year. That is a Montana rule and it reaches Yellowstone County like every other county in the state; the Yellowstone County assessor or treasurer handles the application.

Is my Yellowstone County home taxed on its full market value?

Yes. Montana determines 100% of market value and then applies a class tax rate to get taxable value — residential is class four. Reappraisal runs on a TWO-year cycle for residential property, among the shortest in the country, so Montana values track the market closely and move in visible steps. That is worth knowing when you compare Montana against a state that taxes a fraction — a lower rate somewhere else can still mean a higher bill.

Can I appeal my Yellowstone County assessment?

You can contest the assessed value, but not the rate — the rate is set by elected bodies and is not open to appeal. There is a hard application deadline for the Homestead Rate, and missing it means paying the higher rate for the whole year. The Yellowstone County assessor's office publishes the current window, and in most jurisdictions there is no late appeal.

Does Montana have an income tax as well?

Yes. Montana taxes income at graduated rates up to 5.65%, on top of the property tax on this page. Worth adding the two together before comparing Montana against anywhere else.

Do I need a parcel number to use this calculator?

No, and that is deliberate. The Yellowstone County assessor's own estimator generally asks for one, which is fine if you already own the property and useless if you are deciding whether to buy it. This works from the home value instead. It is an estimate built on the county's effective rate, which averages across every district inside Yellowstone County, so your exact bill depends on your district combination and on any exemption you qualify for. For the binding figure, the Yellowstone County assessor or treasurer is the authority.