Montana HB528 revises property tax rates for agricultural, residential, and commercial property.
Montana HB528 revises property tax rates for agricultural, residential, and commercial property. It amends the tax rates for class three agricultural property and class four residential and commercial property. The bill sets a new taxable percentage for agricultural land and adjusts the tax rates for residential and commercial properties. It also specifies that the changes apply retroactively to tax years beginning after December 31, 2024, and to the reappraisal cycle starting January 1, 2025.
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