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MontanaHB 10869th Legislature, Regular Session (2025)HouseWALLET

Eliminate reference to personal property farm manual for property tax purposes

Sponsored By: Eric Tilleman (Republican)

Signed by Governor

TaxationTaxation--Agriculture/LivestockTaxation--Property

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 0 benefits, 0 costs, 2 mixed.

New appraisal rules for condos, townhomes

Beginning January 1, 2026, the Department of Revenue uses the sales-comparison method for residential condos when enough similar sales exist. For commercial condos, it uses the income method when enough income data exists. If data are not enough, it uses the cost method and allocates common areas by each unit’s undivided share. Townhome values are set by department rule. This can raise or lower your property tax bill depending on which method fits your area.

Farm equipment taxes use wholesale guides

Beginning January 1, 2026, the Department of Revenue sets farm implement and machinery values using average wholesale prices from national or regional guides that cover Montana. The department adopts which guides apply by rule. If a guide has no average wholesale category, the department uses a comparable wholesale category. The old requirement for a separate supplemental manual is eliminated. Your property tax bill can go up or down based on these guide values.

Sponsors & Cosponsors

Sponsor

  • Eric Tilleman

    Republican • House

Cosponsors

  • Wylie Galt

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 299 • No: 0

Senate vote • 3/26/2025

Do Concur

Yes: 50 • No: 0

Senate vote • 3/25/2025

Do Concur

Yes: 50 • No: 0

House vote • 1/22/2025

Do Pass

Yes: 100 • No: 0

House vote • 1/21/2025

Do Pass

Yes: 99 • No: 0

Actions Timeline

  1. Chapter Number Assigned

    4/7/2025House

  2. Signed by Governor

    4/7/2025House

  3. Transmitted to Governor

    3/31/2025House

  4. Signed by President

    3/31/2025Senate

  5. Signed by Speaker

    3/28/2025House

  6. Returned from Enrolling

    3/28/2025House

  7. Sent to Enrolling

    3/26/2025House

  8. 3rd Reading

    3/26/2025Senate

  9. 2nd Reading

    3/25/2025Senate

  10. Committee Report

    3/20/2025Senate

  11. Committee Executive Action

    3/19/2025Senate

  12. Hearing

    2/21/2025Senate

  13. Referred to Committee

    2/18/2025Senate

  14. 1st Reading

    1/23/2025Senate

  15. Transmitted to Senate

    1/22/2025House

  16. 3rd Reading

    1/22/2025House

  17. 2nd Reading

    1/21/2025House

  18. Committee Report

    1/14/2025House

  19. Committee Executive Action

    1/14/2025House

  20. Hearing

    1/6/2025House

  21. 1st Reading

    1/6/2025House

  22. Referred to Committee

    12/23/2024House

  23. Introduced

    12/20/2024House

Bill Text

  • Enrolled

    4/10/2025

    PDF

  • As Amended (Version 2)

    3/27/2025

    PDF

  • Introduced

    12/20/2024

    PDF

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