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MT SB289
Bill
AI Summary
- Department of Revenue must electronically notify counties when any property's preliminary market value has decreased by more than $1.5 million since the last reappraisal
- Notices must be sent no later than when the property owner receives their classification and appraisal notice, and must include both prior and preliminary market values
- Department must also send copies of county notices to municipalities within affected counties and meet with counties upon request
- Department must provide counties with public information used to establish preliminary market values before any requested meeting
- Class four residential property is exempt from these notification requirements; applies to property tax years beginning January 1, 2026
Legislative Description
Provide county notification for certain property tax adjustments
Local Finance
Last Action
Chapter Number Assigned
5/8/2025
Committee Referrals
Taxation2/28/2025
Local Government2/11/2025
Full Bill Text
No bill text available