Terry Johnson, a retired Principal Fiscal Analyst for the Montana Legislature, has raised concerns about the state’s property tax system. Johnson argues that the ongoing debate during the 68th and 69th legislatures about property taxes misses the underlying issue – the valuation of property. Currently, property taxes are based on the taxable value of property, which continues to rise over time due to factors like increased construction costs and housing availability.
Johnson suggests that simply reducing spending by taxing jurisdictions or adjusting taxable value rates will not solve the problem in the long run. Instead, he calls for a comprehensive review and re-tooling of Montana’s property tax policies, including alternative methods to fund local governments and public schools. Johnson emphasizes the need for simplicity, transparency, neutrality, and stability in tax policy, as advocated by the Tax Foundation.
Overall, Johnson’s insight highlights the need for a thorough examination of Montana’s property tax system to address the complexities, inconsistencies, and outdated practices that currently exist.
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