Bill > HB90

This bill modifies the property tax reappraisal process in Montana by establishing a two-year reappraisal cycle for certain property classes (specifically classes three, four, and ten), which include most real property types. Under the new law, these property types will be revalued every two years instead of annually, with the reappraisal completed by December 31st of every second year and effective for the following January 1st. The bill requires the Department of Revenue to conduct individual property inspections, review building permits, verify sales data, and use electronic data reviews to complete the reappraisal. Additionally, the department must provide taxpayers with detailed information in reappraisal notices, including the consumer price index, average annual growth rate of Montana personal income, and estimated changes in property taxes over the previous 10 years. The bill is effective immediately upon passage and applies retroactively to property tax years beginning after December 31, 2024. Centrally assessed properties and properties valued with centrally assessed property will continue to be revalued according to existing regulations.

Budget and Finance

https://bills.legmt.gov/#/laws/bill/2/LC0097