Montana— Property Tax & Closing Costs
2024 Census dataEffective tax rate
0.81%
of assessed value annually
Median home value
$349,500
2024 ACS survey
Median taxes paid
$2,832/yr
2024 data
Yellowstone County's 0.81% effective property tax rate falls in the middle 50% of US counties — close to the national median of 0.81%. Within Montana's 56 counties, it's the 17th highest. On the county's median home value of $349,500, the typical homeowner pays $2,832 annually in property tax — $1,203 more than the national median of $1,629. Montana charges no state real estate transfer tax, which keeps closing costs here lower than high-transfer-tax states like New York, Pennsylvania, or Delaware.
Calculate your true cost
Enter any purchase price to see the full cost breakdown for Yellowstone County.
County median: $349,500
Leave at $0 if the property has no homeowners association.
LTV: 80.00%
At closing
Monthly ongoing
Year one
Low flood risk. Flood insurance not typically required. Verify at msc.fema.gov for your specific property.
All figures are estimates for planning purposes only. Mortgage payment assumes a 30-year fixed rate of 6.8% — your lender will confirm the actual rate. Closing costs vary by lender and transaction. Consult a licensed real estate attorney and lender before making any financial decisions.
Montana property tax exemptions
Ways buyers in Yellowstone County may reduce their annual property tax. These programs apply statewide; verify county specifics with your local assessor.
Elderly Homeowner/Renter Credit
Refundable state income tax credit up to $1,150 for Montana homeowners 62+ with household income under $45,000. Does not require filing a Montana income tax return.
View official source →Property Tax Assistance Program (PTAP)
Income-based 30/50/80% property tax rate reduction on the first $418,000 of a home's market value. Income ranges updated annually.
View official source →Montana Disabled Veterans Property Tax Assistance
100% disabled veterans (or unmarried surviving spouses) may qualify for a 50/70/80/100% reduction of property tax rate on the home's market value based on income.
View official source →Last verified 2026-04. Exemption amounts and eligibility change frequently — always confirm with your county assessor before claiming.
Frequently asked questions
Answers to common questions about buying a home in Yellowstone County.
The effective property tax rate in Yellowstone County is 0.81% — calculated as the median annual property tax paid ($2,832) divided by the median home value ($349,500), using 2024 US Census ACS 5-year estimates. Your actual bill depends on your purchase price, homestead or senior exemptions, and any special assessments applied in your taxing district.
No. Montana does not impose a state real estate transfer tax, which keeps closing costs in Yellowstone County lower than in states like New York, Pennsylvania, or Delaware where transfer taxes can add thousands of dollars at closing. No transfer tax, but a Realty Transfer Certificate must be filed with the county Clerk and Recorder at recording (no associated tax, only nominal recording fees).
Flood risk is relatively low. Only 2.3% of Yellowstone County's land falls within a FEMA Special Flood Hazard Area. Flood insurance is not typically required, though individual properties near waterways may still be in a zone — verify at msc.fema.gov.
Closing costs for a buyer in Yellowstone County typically run $6,990–$17,475 (2–5% of purchase price) on a median-priced home, including title insurance ($800–$2,000), appraisal ($400–$700), home inspection ($350–$600), recording fees ($100–$300), and loan origination (0.5–1.0% of the loan amount). Use the calculator above for a specific estimate at your purchase price.
Data sources for Yellowstone County
Every figure on this page is traceable. Verify the numbers yourself against the original public data.
Source for the 0.81% effective property tax rate, median home value, and median taxes paid (ACS 5-year, 2024 vintage).
Source for county-level flood zone exposure, wildfire risk, and other natural hazard ratings. Updated quarterly by FEMA.
Look up a specific property's flood zone and insurance rate map before making an offer on a home in Yellowstone County.
Guides for Montana home buyers
What every buyer should read before making an offer.
HOA Documents
HOA lawsuits — how to check for pending litigation against your future HOA before you close
A buyer closed on a house and only then found out about ongoing HOA lawsuits. Six checks you can run yourself before your contingencies expire.
Read the guide →HOA Documents
Undisclosed HOA special assessment — what you can do if you find out after closing
HOA special assessment not on the disclosure? One buyer got a $15,000 bill the day after closing. How to catch it before — and what to do after.
Read the guide →