Montana Lawmakers Revise Property Tax System
HELENA — In a late-session push, Montana lawmakers have revised the state’s property tax system, delivering tax relief for homeowners. Governor Greg Gianforte recently signed House Bill 231 and Senate Bill 542 into law, which aim to create permanent homestead tax rates that benefit primary residences and small commercial properties starting in 2026.
"Delivering meaningful property tax relief has been a top priority," said a spokesperson for Gianforte. The new laws reduce tax rates for most primary residences while increasing them on second homes and higher-value properties. An interim system for 2025 will also adjust residential rates, reducing taxes on homes valued under $2 million and providing a one-time rebate of up to $400 for eligible homeowners. Applications for the rebate will open August 15 and close October 1.
Despite support from many legislators, the bills faced criticism from business groups like the Montana Chamber of Commerce, which argued that the changes merely shifted the tax burden rather than providing genuine relief. Chamber president Todd O’Hair emphasized the need for comprehensive tax reform, as the state’s economy evolves. As it stands, the new legislation aims to lighten the tax load for homeowners while addressing concerns from larger industrial businesses.
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