Free Billings, Montana seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Billings, Montana (Yellowstone County). The calculator applies the local rates for you.
- Median home value
- $311,800
- Transfer tax on $310,000
- None
- Seller costs on $310,000
- About $17,069
- Median property tax bill
- $2,706 a year
- County
- Yellowstone County
- Population
- 121,483
Billings transfer tax
Montana does not charge a real estate transfer tax, so there is none to pay on a home sale in Billings.
Example Billings seller net sheet
A $310,000 sale, close to Billings's median home value of $311,800, with a 5% commission and a $185,000 mortgage payoff. Seller costs come to about $17,069, or 5.5% of the price.
| Line | Seller |
|---|---|
| Sale price | $310,000 |
| First mortgage payoff | −$185,000 |
| Real estate commission (5%) | −$15,500 |
| Owner's title insurance policy | −$1,157.50 |
| Settlement / closing fee | −$350 |
| Release / satisfaction recording | −$16 |
| Wire / courier / payoff processing | −$45 |
| Estimated net before property tax prorations | $107,931.50 |
Who pays what in Billings
Billings closings follow Yellowstone County customs. In Yellowstone County, the seller customarily pays the owner's title policy. The settlement fee is customarily split between buyer and seller. Closings are usually handled by a title company.
Property taxes in Billings
The median property tax bill for homeowners in Billings is $2,706 a year, about 0.87% of the median home value of $311,800 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in arrears, so at closing the bill is prorated between buyer and seller to the closing date. Calendar year; halves due Nov 30 and May 31 (in arrears); seller credits buyer for unpaid days.
Rates verified 2026-09-29. Home value and tax bill: Census Bureau American Community Survey, 2019–2023. A net sheet is an estimate; final figures come from the title company.
Billings seller questions
How much is the transfer tax in Billings, Montana?
Montana does not charge a real estate transfer tax, so there is none to pay on a home sale in Billings.
How much are seller closing costs in Billings?
On a $310,000 sale, close to the median home value in Billings, with a 5% commission, estimated seller costs are about $17,069 (5.5% of the price). Without commission they are about $1,569. The loan payoff and property tax proration change the final number.
What county is Billings in, and does it matter at closing?
Billings is in Yellowstone County, Montana. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Yellowstone County, the seller customarily pays the owner's title policy. The settlement fee is customarily split between buyer and seller.
How much are property taxes in Billings?
The median property tax bill for homeowners in Billings is $2,706 a year, about 0.87% of the median home value of $311,800 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in arrears, so at closing the bill is prorated between buyer and seller to the closing date. Calendar year; halves due Nov 30 and May 31 (in arrears); seller credits buyer for unpaid days.
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