HB27

Montana HB27 revises agricultural property classification, requiring an application process and periodic review.

Montana HB27 revises the eligibility criteria for classifying property as agricultural for tax purposes. It mandates an application process for agricultural classification and requires periodic review to ensure continued eligibility. The bill specifies income requirements and conditions for contiguous and noncontiguous parcels, including those involved in conservation activities. It also outlines exceptions and conditions for certain transfers and improvements. The changes apply to property tax years beginning after December 31, 2026, with an effective date of January 1, 2027.