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.
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