Montana SB337 provides a five-year property tax exemption for property undergoing subdivision development.
Montana SB337 revises property tax rules for subdivision development projects. It provides a temporary tax exemption for property undergoing subdivision development, lasting up to five years. The exemption applies to all real property in the subdivision that was granted the exemption. The exemption expires on December 31 of the year in which subdivision development is complete, defined as when at least 95% of the lots contain a habitable dwelling.
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