A 305/55R20 tire is 33.2 inches (844 mm) tall and 12.0 inches wide. The sidewall is 55% of the width, 6.6 inches, on a 20-inch wheel, and the tire turns about 607 times per mile.
In flotation terms that is about 33.2x12.0R20, closest to the common 33x12.50R20 (33.0"). People often call it a 33-inch tire.
The size most often compared with it is 305/50R20, which is 1.2" shorter (−3.6%). At an indicated 60 mph you would be doing 57.8 mph on it, more than the 3% change many shops use as a limit.