Montana HB411 exempts agricultural property from open space property tax levies.
Montana HB411 amends the Montana Code to exempt agricultural property from open space property tax levies, effective from January 1, 2025. This bill specifies that agricultural property under certain classifications is exempt from these levies. If such property receives a payment from open space levy revenue, the county may reduce the open space payment for the exempt agricultural property. The act is effective upon passage and applies retroactively, as permitted by law.
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