Montana SB237 requires the revenue interim committee to recommend property tax rate revisions based on taxable value neutrality.
Montana SB237 mandates the revenue interim committee to recommend to the next legislature whether to revise property tax rates. This recommendation is based on a report from the department of revenue, which must provide tax rates for the upcoming reappraisal cycle that will result in taxable value neutrality for each property class. The bill also outlines the reappraisal process for certain taxable property, including the use of various inspection and review methods.
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