How much are property taxes in Three Forks, MT?

Homeowners in Three Forks, MT pay a median of $2,243 (±$498) a year in real estate taxes (2020–2024 American Community Survey, table B25103).

Homes with a mortgage pay a median of $2,204.

Homes without a mortgage pay a median of $2,295.

That is about 0.6% of the median home value of $395,800.

In Three Forks, the median real estate tax went from $1,378 in 2015–2019 to $2,243 in 2020–2024 (+62.8%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on .

Median real estate taxes
$2,243 (±$498)
With a mortgage
$2,204
Without a mortgage
$2,295
Share of median value
0.6%

Real estate taxes in Three Forks against Gallatin County, its state and the nation

Median real estate taxes paid a year, estimate (90% margin of error)
Three ForksGallatin CountyMontanaUnited States
Median real estate taxes$2,243 (±$498)$3,933 (±$94)$2,693 (±$19)$3,119
Homes with a mortgage$2,204 (±$626)$3,939 (±$119)$2,860 (±$28)$3,489
Homes without a mortgage$2,295 (±$1,028)$3,920 (±$164)$2,448 (±$33)$2,576
Median home value$395,800 (±$43,460)$667,600 (±$15,234)$375,800 (±$3,433)$332,700

In Three Forks, the median real estate tax is lower than in Gallatin County ($3,933).

It is not measurably different from Montana ($2,693).

It is lower than the national figure ($3,119).

In Gallatin County, Three Forks ranks 8 of 8 places with a published estimate, from highest to lowest median real estate taxes.

Statewide, it ranks 50 of 157.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Taxes as a share of home value in Three Forks

The median tax ($2,243) is 0.6% of the median home value ($395,800).

Across Gallatin County the same ratio is 0.6%.

Across Montana it is 0.7%.

This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.

Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.

How property taxes in Three Forks have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median real estate taxes$1,378 (±$142)$2,243 (±$498)+62.8%Up after inflation
Median home value$208,800 (±$26,190)$395,800 (±$43,460)+89.6%Up after inflation
Median owner cost with a mortgage$1,299 (±$139)$2,027 (±$344)+56.0%Up after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median real estate taxes in places near Three Forks

Nearest places with a published estimate, compared with Three Forks
PlaceDistanceMedian real estate taxesCompared with this place
Three Forks—$2,243 (±$498)—
Wheatland5.2 mi$3,342 (±$648)Higher
Manhattan11 mi$3,641 (±$376)Higher
Churchill15 mi$3,320 (±$365)Higher
Belgrade20 mi$3,681 (±$152)Higher
Four Corners24 mi$3,682 (±$319)Higher
Whitehall26 mi$1,423 (±$251)Lower
Bozeman28 mi$4,183 (±$195)Higher
Townsend30 mi$1,701 (±$472)Not measurably different

Nearby places with a measurably lower figure: Whitehall, MT ($1,423).

Nearby places with a measurably higher figure: Wheatland, MT ($3,342), Manhattan, MT ($3,641), Churchill, MT ($3,320).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median real estate taxes across Gallatin County, place by place

RankPlaceMedian real estate taxes
2Bozeman$4,183 (±$195)
3Four Corners$3,682 (±$319)
4Belgrade$3,681 (±$152)
5Manhattan$3,641 (±$376)
6Churchill$3,320 (±$365)
7West Yellowstone$2,858 (±$426)
8Three Forks$2,243 (±$498)

Showing 7 of 8 places in Gallatin County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Three Forks

How much are property taxes in Three Forks?

The median real estate tax paid by homeowners in Three Forks, MT is $2,243 (±$498) a year (2020–2024 American Community Survey).

What is the property tax rate in Three Forks?

The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 0.6% of the median home value in Three Forks, and the actual rate is set by the town, county and school district.

Have property taxes in Three Forks gone up?

In Three Forks, the median real estate tax went from $1,378 in 2015–2019 to $2,243 in 2020–2024 (+62.8%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Are property taxes in Three Forks higher than in Gallatin County?

In Three Forks, the median real estate tax is lower than in Gallatin County ($3,933).

It is not measurably different from Montana ($2,693).

It is lower than the national figure ($3,119).

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Three Forks city, Montana (place:73975, in state:30).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.

The API needs a free key.

Request a Census API key.

B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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