Loading chat...

MT HB90

Bill

Official Source

Status

Passed

4/3/2025

Primary Sponsor

Russel Miner

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Requires all real property and property within class three, class four, and class ten to be revalued every 2 years, while all other property must be revalued annually
  • Centrally assessed property and real property valued with centrally assessed property follow separate revaluation time periods under section 15-23-101(2)
  • Department must complete reappraisal of class three, four, and ten property in each county by January 1 of the second year of the reappraisal cycle, effective January 1 of the following year
  • Reappraisal notices must include consumer price index adjusted for population, Montana personal income growth rate, and estimated 10-year annualized change in property taxes by jurisdiction
  • Effective immediately upon passage with retroactive applicability to property tax years beginning after December 31, 2024

Legislative Description

Provide two-year reappraisal cycle for all real property

Revenue, State

Last Action

(H) Signed by Governor

4/3/2025

Committee Referrals

Taxation2/13/2025
Taxation12/20/2024

Full Bill Text

No bill text available