Property tax reappraisals are arriving in Montanans’ mailboxes this week and the news is not good. The Montana Department of Revenue is expecting average property tax reappraisals to jump a whopping 43%.
Republicans in the legislature killed Democratic proposals to provide permanent property tax relief, which would ensure that Montana homeowners and renters receive a refund when their property taxes rise above an affordable percentage of their income. It would provide permanent relief as Montana faces soaring home prices as well as ensure critical Montana services like the police and fire departments, public schools, and road maintenance are adequately funded.
Republicans also killed a Democratic effort to expand their one-time payment to include Montana renters, who will be covering the cost of the soaring reappraisals with their monthly rent, and who were explicitly left out of the Republican plan.
If you’re comfortable sharing, send a quick note directly to hadley@montanademocrats.org with what type of increase you’re seeing from your property reappraisal letter.
The Department of Revenue Is Going On Tour – Here’s Where You Can Find Them
Zoom Meetings:
uly 12
8:30 a.m. to 10:00 a.m
.Join on Zoom
July 17
5:30 p.m. to 7:00 p.m
Join on Zoom
July 25
4:00 p.m. to 5:30 p.m.
Join on Zoom
For more info, See the DOR Website
From MontanaDemocrats.org:
Q: I got a new assessment notice for my home, and it seems like my property taxes will go up a lot. Where does this come from and what does it mean?
This notice comes from the State of Montana, specifically the Montana Department of Revenue. It does NOT come from the city or county. It is not a tax bill.
Long story short, the estimated tax amount on this notice isn’t correct. It’s not what you’ll end up paying. For most people, your tax bill will be lower than what’s on the notice, but you won’t know exactly how much until after the city and county finish their budget processes and a tax bill is sent out…