Montana HB155 revises class four residential and commercial property tax rates.

Montana HB155 revises class four residential and commercial property tax rates. It exempts $200,000 of market value for commercial and industrial property from taxation. Residential property is taxed at 1.35% of market value, with a graduated rate for values over $50,000. Commercial property is taxed at 1.89% of market value. The bill applies retroactively to property tax years beginning after December 31, 2024.

Montana HB155 revises class four residential and commercial property tax rates.

Montana HB155 revises class four residential and commercial property tax rates. It exempts $200,000 of market value for commercial and industrial property from taxation. Residential property is taxed at 1.35% of market value, with a graduated rate for values over $50,000. Commercial property is taxed at 1.89% of market value. The bill applies retroactively to property tax years beginning after December 31, 2024.