A 265/70R20 tire is 34.6 inches (879 mm) tall and 10.4 inches wide. The sidewall is 70% of the width, 7.3 inches, on a 20-inch wheel, and the tire turns about 583 times per mile.
In flotation terms that is about 34.6x10.4R20, closest to the common 35x11.50R20 (35.0"). People often call it a 35-inch tire.
The size most often compared with it is 275/60R20, which is 1.6" shorter (−4.7%). At an indicated 60 mph you would be doing 57.2 mph on it, more than the 3% change many shops use as a limit.