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MT HB420

Bill

Official Source

Status

Failed

5/20/2025

Primary Sponsor

Kerri Seekins-Crowe

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Extends the redemption period for property tax liens from 3 years to 5 years, allowing property owners more time to pay delinquent taxes before losing their property to a tax deed
  • Establishes an equity threshold preventing tax deed issuance unless delinquent taxes, penalties, interest, and costs exceed the lesser of 2% of the property's fair market value or $5,000
  • Requires three rounds of certified mail notices to interested parties: 60 days before tax sale, 30 days before sale, and 30 days before tax deed issuance following the sale
  • Mandates real-time online bidding for tax deed auctions and expands protections to all property types rather than only owner-occupied residential, agricultural, and forest land
  • Requires surplus funds from tax deed sales to be distributed to the legal titleholder within 30 days, with unclaimed surplus forwarded to the state as unclaimed property

Legislative Description

Revise tax lien and deed laws and provide equity threshold

Counties

Last Action

(H) Died in Process

5/20/2025

Committee Referrals

Taxation2/7/2025

Full Bill Text

No bill text available