Lockwood property tax, in one number.
The typical Lockwood homeowner pays $2,466 a year on a $235,400 home. That's well above the Yellowstone County rate (0.81%) and above the U.S. rate (0.94%).
Estimate my taxLockwood at a glance
Lockwood is an unincorporated community (a Census-designated place) in Yellowstone County. Five numbers that shape a typical property tax bill here.
Property tax calculator
Enter a home value to see a typical yearly bill at Lockwood's average effective rate, or pick another area.
- Mortgage holders pay more.Homes with a mortgage paid a median $2,940, versus $1,406 for homes owned outright, often because they're newer, higher-value or more recently reassessed.
- Share of income.The median bill equals about 3.3% of the median household income of $75,700.
The data, charted
Effective rate compared
Owners vs renters
Cities in Yellowstone County
Lockwood compared
| Area | Median tax | Home value | Rate |
|---|---|---|---|
| Lockwood | $2,466 | $235,400 | 1.05% |
| Yellowstone County | $2,832 | $349,500 | 0.81% |
| Montana | $2,693 | $375,800 | 0.72% |
| United States | $3,119 | $332,700 | 0.94% |
Other cities in Yellowstone County
Effective property tax rates nearby.
Nearby
- Yellowstone County0.81% · $2,832
- Billings0.84% · $2,887
- Big Horn County1.10% · $1,574
- Rosebud County0.70% · $1,285
- Treasure County0.59% · $1,364
- Stillwater County0.57% · $2,319
- Musselshell County0.55% · $1,287
- Carbon County0.54% · $2,281
Good to know
What is the property tax rate in Lockwood?
The effective rate is about 1.05%. The median homeowner pays $2,466 a year on a home worth a median $235,400 (ACS 2020–2024). The legal tax rates set by each taxing unit are different numbers; the effective rate is what owners actually pay as a share of value.
How much is property tax on a $250,000 home in Lockwood?
About $2,625 a year, or roughly $219 a month, at Lockwood's average effective rate of 1.05%. Homestead, senior, veteran or other exemptions can lower the real bill, and a recent purchase or reassessment can raise it.
Why is my bill different from this estimate?
Your bill depends on your home's assessed value from the county assessor, the exact taxing units where you live (county, city, school district, special districts) and any exemptions you get. These figures are medians across all owner-occupied homes, not a bill for any address.
How current is this data?
It comes from the U.S. Census Bureau's American Community Survey 5-year estimates for 2020–2024, the latest release. Homeowners report the taxes they paid, so the numbers lag current bills by one to two years. We update the site when the Census Bureau publishes new estimates each December.
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