59035 Property Tax Rate

Property owners in ZIP code 59035 (Fort Smith, Montana) pay a median of $1,523/year in property taxes on homes valued at $176,200. This translates to an effective tax rate of 0.86%, which is 21% above the Montana state average of 0.71%.

The monthly property tax burden for a median-valued home in 59035 is approximately $127, which factors into escrow payments on mortgages. This ZIP code is located within Big Horn County. This is $362 less than the Montana average of $1,885/year.

Compared to similar ZIP codes in Montana, 59035 has lower property taxes. ZIP codes with similar effective rates include 59433 (0.86%) and 59053 (0.86%).

In Fort Smith, property taxes represent approximately 2.9% of the median household income of $52,679, providing context for the relative tax burden on homeowners in this area.

Montana reassesses property to market value annually with no assessment caps or grandfather rates for new owners. Big Horn County provides a Homeowner Exemption of $3,600 against assessed value for primary residences and a Senior Homeowner Exemption for owners 65+ meeting 5-year occupancy requirements — file with the Big Horn County Assessor's office by June 1 each year. Apply for the homeowner exemption with the Big Horn County Assessor by June 1 following your purchase to claim the exemption on your current-year tax bill.