Quick Primer On Montana Property Taxes* – Bozeman Property Taxation
All Montana properties are appraised at market value by the Montana Department of Revenue (DOR)
Gallatin County Mill Value* – Calculate Your Mill Levy*
Mock calculation to determine property taxes in Bozeman, Montana.
Let’s calculate a property tax using a Bozeman home that has recently appraised for $200,000 (those days are gone):
To this $200,000 amount, there is applied a “homestead exemption“ with a rate of 34%.
Thus, $200,000 x .34 = $68,000, which is deducted, i.e., exempted, from the appraised value of $200,000.
So, $200,000 – $68,000 = $132,000, resulting in a taxable market value of $132,000.
Next, a tax rate (eg., 3%) is applied: $132,000 x .03 = $3960, for a taxable value of $3,960.
But, when the mill levy–specific to each property*–is applied to the taxable value, approximately half of the taxable value becomes the amount of property taxes due; in this example, approximately $2,000.
In this example, note that we started at an appraised value of $200,000 and ended with a tax due of $2,000, or 1% of market value.
This is a general benchmark for property taxation, meaning anything above 1% of market value for an annual tax bill could be considered a high tax rate.
*Calculating your Bozeman tax: “the mills on your classification and appraisal notice are specific to your property’s location. There may be additional taxes or fees on your bill for approved special districts or improvements (e.g., Rural Improvement, lighting, water and sewer, etc.) A total tax bill calculation includes all taxing jurisdictions and amounts assessed by each district.”
*Mill Levy varies by city, county, and even school district.
Additional Montana State Resources:
- MONTANA INCOME TAXES
- 2025 BOZEMAN CITY BUDGET
- SEARCH FOR A MT PROPERTY RECORD
- PROPERTY TAX IN MONTANA
- MONTANA PROPERTY TRANSFER TAX
- MONTANA STATE TAXES
- ESTABLISHING MONTANA RESIDENCY
- MONTANA RIVERS
- RECREATIONAL OPPORTUNITIES IN MONTANA
*All information contained herein is derived from sources deemed reliable, however, information is not guaranteed by Taunya Fagan Real Estate, agents, brokers, or ESTATE House.
