Petroleum County, Montana Property Taxes
Census Bureau ACS property tax data for Montana. Population: 154.
The median annual property tax in Petroleum County is $1,261, which is 30% lower than the Montana state average and 34% below the national average. The effective tax rate is 0.73% on a median home value of $173,700. Property taxes represent 2.1% of the median household income in this county.
Median Annual Tax
$1,261
-30% vs State
-34% vs US
Median Home Value
$173,700
-31% vs State
-18% vs US
Effective Tax Rate
0.73%
-5% vs State
-23% vs US
With vs Without Mortgage
With Mortgage
$1,672
$139/mo
Without Mortgage
$1,107
$92/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $1,261 -2.9% | 0.73% |
| 2022 | $1,298 +6.7% | 0.85% |
| 2021 | $1,216 -1.8% | 1.02% |
| 2020 | $1,238 +5.0% | 0.80% |
| 2019 | $1,179 | 0.65% |
Tax Burden
Tax-to-Income Ratio
2.1%
of median household income
Median Income
$59,318
per year
Monthly Tax
$105
per month
Other Counties in Montana
McCone County
Tax: $1,330/yr Rate: 0.67%
Blaine County
Tax: $1,901/yr Rate: 1.52%
Toole County
Tax: $1,805/yr Rate: 0.96%
Lincoln County
Tax: $1,499/yr Rate: 0.58%
Yellowstone County
Tax: $2,669/yr Rate: 0.84%
Powell County
Tax: $1,809/yr Rate: 0.71%
Frequently Asked Questions
What is the average property tax in Petroleum County, Montana? ▼
The median annual property tax in Petroleum County is $1,261 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.73% on a median home value of $173,700.
How does Petroleum County property tax compare to the national average? ▼
Property taxes in Petroleum County are 34% below the national average of $1,923. The effective rate of 0.73% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Petroleum County? ▼
In Petroleum County, homeowners with a mortgage pay a median of $1,672 in annual property taxes, while homeowners without a mortgage pay $1,107. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Petroleum County? ▼
Property taxes in Petroleum County represent approximately 2.1% of the median household income of $59,318. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.