MontanaHB 9069th Legislature, Regular Session (2025)HouseWALLET

Provide two-year reappraisal cycle for all real property

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Bill Overview

Analyzed Economic Effects

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

More tax trend data in notices

Your reappraisal notice must show the consumer price index adjusted for population and Montana’s average income growth. It must also show the estimated yearly change in property taxes over the last 10 years by state, county, city or town, and local school mills. In every even-numbered year, the department also publishes this county data in a local newspaper by the second Monday in October.

Tax-neutral rate plan each cycle

In the second year of each reappraisal cycle, the Department of Revenue gives the Revenue Interim Committee a report. The report lists tax rates for the next cycle that keep taxable value neutral for each property class. This helps avoid big tax shifts between property types.

How new and remodeled property is valued

The Department of Revenue must value new, remodeled, or reclassified property the same way as other property in the same class. It will set rules that show how to set these values. The department must inspect properties, review building permits, check sales data, and use electronic reviews, and it can add new technology. It must conduct enough field inspections to meet the reappraisal plan.

Two-year reappraisals for homes and land

The law sets a two-year reappraisal cycle for class 3, 4, and 10 property. Other property is still revalued each year. The Department of Revenue must revalue those classes by January 1 of the second year; the new values take effect January 1 of the next year, and repeat every two years. For those classes, reappraisal is complete on December 31 of the second year. Centrally assessed property follows the schedule in law starting January 1, 2024. The law is in effect now and applies to property tax years that start after December 31, 2024.

Sponsors & Cosponsors

Sponsor

Russ Miner
Republican • House

Cosponsors

Wendy McKamey
Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 294 • No: 6

House vote • 3/19/2025

Do Concur

Yes: 46 • No: 4

House vote • 3/18/2025

Do Concur

Yes: 48 • No: 2

House vote • 1/30/2025

Do Pass

Yes: 100 • No: 0

House vote • 1/29/2025