Bill > HB636

This bill revises the property tax rates for agricultural, commercial, and residential property in Montana. It amends the existing laws to reduce the tax rate for class three agricultural property from 2.16% to 2.14% of its productive capacity value, and it also adjusts the tax rates for class four residential and commercial property. Specifically, the bill reduces the tax rate for class four residential property from 1.35% to 1.2% of market value, and it increases the tax rate for the portion of a single-family residential dwelling's value exceeding $1.5 million, as well as for commercial property, from 1.35% to 1.42% of market value. The bill also includes provisions for the effective date and retroactive applicability of these changes.

Budget and Finance

https://laws.leg.mt.gov/legprd/LAW0210W$BSIV.ActionQuery?P_BILL_NO1=636&P_BLTP_BILL_TYP_CD=HB&Z_ACTION=Find&P_SESS=20211