Montana Mortgage Calculator
Calculate your monthly payment in Montana, with property tax included using the state's effective rate of 0.72%. See your full amortization schedule and analyze your loan structure.
Pick a state to use its property tax rate. With a keyboard, use the arrow keys and press Enter.
Estimated Monthly Payment
Estimates only. Does not include homeowners insurance, mortgage insurance (PMI), or HOA fees. Property tax uses the state's average effective rate and your actual bill may differ.
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,694 |
| 10 | $6,410 | $17,861 | $271,284 |
| 11 | $6,839 | $17,432 | $264,444 |
| 12 | $7,297 | $16,974 | $257,147 |
| 13 | $7,786 | $16,485 | $249,361 |
| 14 | $8,308 | $15,964 | $241,053 |
| 15 | $8,864 | $15,407 | $232,189 |
| 16 | $9,458 | $14,814 | $222,732 |
| 17 | $10,091 | $14,180 | $212,641 |
| 18 | $10,767 | $13,505 | $201,874 |
| 19 | $11,488 | $12,784 | $190,386 |
| 20 | $12,257 | $12,014 | $178,129 |
| 21 | $13,078 | $11,193 | $165,051 |
| 22 | $13,954 | $10,317 | $151,097 |
| 23 | $14,888 | $9,383 | $136,208 |
| 24 | $15,886 | $8,386 | $120,323 |
| 25 | $16,949 | $7,322 | $103,373 |
| 26 | $18,085 | $6,187 | $85,289 |
| 27 | $19,296 | $4,976 | $65,993 |
| 28 | $20,588 | $3,683 | $45,405 |
| 29 | $21,967 | $2,305 | $23,438 |
| 30 | $23,438 | $833 | $0 |
Property tax in Montana: the numbers
Property tax in Montana runs lower than the national picture. The effective rate of 0.72% compares with 0.92% nationally, a difference of 22%, and Montana shares 32nd place with Mississippi when the 50 states are ranked from highest rate to lowest.
Looking at the median home in Montana ($375,800), the median annual property tax is $2,693. Divided by twelve, that is about $224 each month.
| Effective property tax rate | 0.72% |
|---|---|
| Median home value | $375,800 |
| Median annual property tax | $2,693 |
| Rank by rate (1 = highest of 50) | 32 (tied with Mississippi) |
| Difference vs 0.92% national average | 0.20 points below (22% below) |
What this means for your monthly payment
Two worked examples for Montana, using the figures above:
Example 1: the median home
$2,693 per year ÷ 12 = about $224 per month in property tax (median home value: $375,800).
Example 2: a $300,000 home
$300,000 × 0.72% ÷ 12 = about $180 per month, or $2,160 per year.
At the 0.92% national average rate, a $300,000 home would have about $2,760 in property tax per year. In Montana it is about $2,160, which is $600 less per year (about $50 less per month).
Compare with similar states
States ranked just above and just below Montana by effective property tax rate (1 = highest). States with the same rate are ordered by median annual tax.
Ranked just above (higher rate)
Ranked just below (lower rate)
- Mississippi — 0.72% (rank 32)
- California — 0.70% (rank 34)
- New Mexico — 0.70% (rank 34)
- North Carolina — 0.66% (rank 36)
- Wyoming — 0.57% (rank 37)
Montana property tax FAQ
What is the property tax rate in Montana?
The effective property tax rate in Montana is 0.72%. That is 22% below the 0.92% national average, and the state shares 32nd place with Mississippi when the 50 states are ranked from highest rate to lowest.
How much is property tax on a $300,000 home in Montana?
At Montana's effective rate of 0.72%, property tax on a $300,000 home works out to about $2,160 per year, or about $180 per month. At the 0.92% national average, the same home would be about $2,760 per year, so Montana is about $600 less per year.
How much is property tax on the median home in Montana?
The median home value in Montana is $375,800, and the median annual property tax is $2,693, which is about $224 per month.
Does the property tax rate vary inside Montana?
Yes. Property taxes are set locally, so actual bills depend on your county, city, and exemptions. The 0.72% figure is a state-level estimate based on medians, not a rate that applies to every home.
Figures are estimates based on Census data and are not tax or financial advice. Actual bills depend on your local rates, assessed value and exemptions.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, as compiled by PropertyShark and PropertyTaxByState.