A 275/80R16 tire is 33.3 inches (846 mm) tall and 10.8 inches wide. The sidewall is 80% of the width, 8.7 inches, on a 16-inch wheel, and the tire turns about 605 times per mile.
In flotation terms that is about 33.3x10.8R16, closest to the common 33x12.50R16 (33.0"). People often call it a 33-inch tire.
The size most often compared with it is 295/75R16, which is 0.1" taller (+0.3%). At an indicated 60 mph you would be doing 60.2 mph on it.