Montana HB483 revises school funding laws to reduce property taxes while preserving the 95 school equalization mills.
Montana HB483 revises school funding laws to reduce property taxes while preserving the 95 school equalization mills. It modifies the calculation of mill levies for school districts, including adjustments for inflation and property revaluation. The bill also revises reimbursement rates for school transportation, ensuring on-schedule payments. It establishes reporting requirements for the Department of Revenue to inform taxpayers about property tax impacts.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.