Montana

Montana has an effective property tax rate of 0.74%, with a median annual property tax of $2,315. Properties are assessed at 1.35% of market value and reassessed every 2 years (reappraisal cycle; phased in over 2-year period). Payments are due semi-annual.

Effective Rate

0.74%

Assessment Ratio

1.4%

Median Annual Tax

$2,315

Payment Frequency

Semi-Annual

Appeal Deadline

Within 30 days of classification and appraisal notice (typically by the first Monday in June) to County Tax Appeal Board

Due Dates

First half due November 30; second half due May 31

Reassessment Cycle

Every 2 years (reappraisal cycle; phased in over 2-year period)

Homestead Exception

No traditional homestead exemption. Residential property taxed at lower rate (1.35% of market value is taxable). Property tax assistance program (PTAP) for low-income seniors/disabled.

Key Notes

Complex tax rate system: residential property taxed at 1.35% of market value, then mill levy applied to that amount. No sales tax. Legislature has adjusted residential rate to mitigate property tax growth.

Late Penalty

2% penalty immediately upon delinquency; plus 5/6% per month interest (10% annually)

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