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MT HB213

Bill

Official Source

Status

Failed

5/20/2025

Primary Sponsor

Ed Byrne

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Reduces the property tax rate for Class Four residential property from 1.35% to 0.76% of market value
  • Changes the tax rate for single-family homes valued over $1.5 million from a 1.4 multiplier to a flat 1.35% rate
  • Sets the commercial property tax rate at a flat 1.35% instead of the previous formula using the residential rate multiplied by 1.4
  • Golf courses continue to be taxed at one-half the commercial property tax rate
  • Applies retroactively to tax years beginning after December 31, 2024, and to the reappraisal cycle starting January 1, 2025

Legislative Description

Revise residential and commercial property tax rate

Revenue, State

Last Action

(H) Died in Process

5/20/2025

Committee Referrals

Taxation1/15/2025

Full Bill Text

No bill text available