Bill
Bill > HB483
MT HB483
Revise laws to reduce property taxes while preserving the current 95 school equalization mills
summary
Introduced
02/12/2025
02/12/2025
In Committee
04/07/2025
04/07/2025
Crossed Over
04/05/2025
04/05/2025
Passed
04/22/2025
04/22/2025
Dead
Signed/Enacted/Adopted
05/12/2025
05/12/2025
Introduced Session
2025 Regular Session
Bill Summary
AN ACT GENERALLY REVISING SCHOOL FUNDING LAWS RELATED TO PROPERTY TAXES; REQUIRING THE OFFICE OF PUBLIC INSTRUCTION AND THE DEPARTMENT OF REVENUE TO REPORT ON THE COLLABORATE AND MITIGATE THE IMPACTS OF REAPPRAISAL ON SCHOOL FUNDING AND PROPERTY TAXES; PROVIDING THAT THE STATE AND COUNTY SCHOOL EQUALIZATION MILLS AND VOCATIONAL-TECHNICAL EDUCATION MILLS ARE FIXED AMOUNTS; PROVIDING THAT SCHOOL LEVIES ARE NOT SUBJECT TO SECTION 15-10-420, MCA; REVISING THE PROPERTY TAX RELIEF MECHANISMS WITHIN THE SCHOOL EQUALIZATION AND PROPERTY TAX REDUCTION ACCOUNT; CONTINGENT ON PROPERTY TAX LEGISLATION ENACTED, INCREASING GUARANTEED TAX BASE MULTIPLIERS FOR FISCAL YEAR 2026 TO PROTECT PROPERTY TAXPAYERS; CONTINGENT ON PROPERTY TAX LEGISLATION ENACTED, LOWERING PROPERTY TAXES BY INCREASING THE ON- SCHEDULE REIMBURSEMENT RATES FOR SCHOOL TRANSPORTATION; AND REVISING THE STATE- COUNTY SHARE OF THOSE ON-SCHEDULE REIMBURSEMENTS FOR SCHOOL TRANSPORTATION; ESTABLISHING REPORTING REQUIREMENTS; REVISING DEFINITIONS; AMING SECTIONS 15-7- 111, 15-10-420, 20-9-306, 20-9-331, 20-9-333, 20-9-336, 20-9-360, 20-9-366, 20-9-367, 20-9-368, 20-9-404, 20-9-525, 20-9-533, 20-10-141, 20-10-144, 20-10-145, 20-10-146, 20-25-439, AND 90-6-403, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE AND AN APPLICABILITY DATE.”
AI Summary
This bill proposes comprehensive revisions to Montana's school funding and property tax laws. The key provisions include establishing a collaborative approach between the Office of Public Instruction and the Department of Revenue to mitigate the impacts of property reappraisal on school funding, adjusting school equalization mill levies, and implementing property tax relief mechanisms. Specifically, the bill increases the state transportation reimbursement rate from one-half to three-fourths, creates a mechanism to adjust guaranteed tax base multipliers to prevent statewide property tax increases, and removes certain mill levy restrictions. The bill also introduces new reporting requirements and calculation methods for school district funding, with a focus on maintaining current school equalization mills while providing property tax relief. The changes are contingent on other property tax legislation and are designed to balance school funding needs with property taxpayer protection, with adjustments to take effect for school fiscal years beginning on or after July 1, 2025.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Chapter Number Assigned (on 05/16/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://bills.legmt.gov/#/laws/bill/2/LC3189 |
| State Bill Page | https://bills.legmt.gov/#/lc/bill/2/LC3189 |
| BillText | https://docs.legmt.gov/download-ticket?ticketId=7f8f47ef-5bd0-42d1-967e-3287ea749614 |
| Fiscal Note HB0483_2 | https://docs.legmt.gov/download-ticket?ticketId=24312304-9c01-411f-9319-b82846d61ec6 |
| BillText | https://docs.legmt.gov/download-ticket?ticketId=be38cb92-2502-44e9-8048-29d2cb374dc0 |
| Fiscal Note HB0483_1 | https://docs.legmt.gov/download-ticket?ticketId=ca30139e-039d-4fd2-83b6-76f90af508e5 |
| BillText | https://docs.legmt.gov/download-ticket?ticketId=8b8f2647-fa55-45c9-8730-655f09d2276f |
| BillText | https://api.legmt.gov/docs/v1/documents/getContent?documentId=280350 |
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