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Overview of Montana Taxes Montana has relatively low taxes on residential real estate. The states effective property tax rate is 0.79%, lower than the national average of 0.90%.
Montanas economy is dominated by the primary sectoragriculture, forestry, mining, and energy productionand by services.
A population boom in Montana is driving up home prices there faster than in any other state in the nation, for good and for ill. The trend predates the wildly popular drama series Yellowstone, which debuted in 2018 and stars Kevin Costner as Montana rancher John Dutton.
The Montana real estate market has a median sale price of $540,700, which is 19% higher than the national median sale price of $437,923. Compare other markets or nearby cities, as they can vary significantly.
Property taxes in Montana account for 10% of state taxes compared with 2% for all states combined. At the local level, Montana property taxes make up 97% of local taxes, considerably more than the 71% share for all states. Under state law, the property tax is the only tax many cities and counties may levy.
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Livestock and livestock products-primarily beef cattle, dairy products, hogs, and sheep account for about 48% of Montanas yearly agricultural income. The leading crops are wheat, hay, barley, and sugar beets.

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