Montana House District 69 Update – Understanding Your Property Tax Bill and What’s Changing
- Jul 22
- 2 min read
Most property owners should have received their 2025 property reappraisal notices. If you haven’t received yours, please visit property.mt.gov or call (406) 444-6900.
While property values increased due to higher market valuations, new legislation passed this session—House Bill 231 and Senate Bill 542—will generally reduce property taxes for Montana residents, agriculture and small business owners.
Eligible taxpayers can also receive a $400 property tax rebate or the full amount of their 2024 tax payment—whichever is less.
How Montana’s Property Tax Equation Works
Montana property taxes are calculated from four key components:
· Assessed Value – Set by the Department of Revenue every two years using market data. Unique properties may be assessed using cost-based approaches.
· Taxable Value – A percentage of the assessed value, now lowered due to HB 231 and SB 542. In 2025:
o First $400,000 of residential value taxed at 0.76%
o Value between $400,000–$1.5 million taxed at 1.10%
o Value above $1.5 million taxed at 2.20%
o Agricultural property will see rate reduction from 2.16% to 2.05%
· Mill Levy – Determined locally by counties, schools, and special districts. A mill equals $1 in tax per $1,000 of taxable value. Counties, cities, and schools are setting their budgets for the next fiscal year. Now is the time to attend budget meetings and reach out to county, city, and school officials before mill levies are finalized.
· Tax Bill – Your taxable value multiplied by total mills equals your final bill.
Reappraisal Reviews & Appeals
If you believe your property’s assessed value is inaccurate, you have 30 days from the notice date to request an informal review (Form AB-26), available at revenue.mt.gov. Supporting documentation—such as recent appraisals or photos—can strengthen your request. A formal appeal is available if needed.
Property Tax Assistance Programs
· Property Tax Assistance Program – Designed to ease burdens for limited or fixed-income Montanans.
· Disabled Veterans Assistance Program – Reduces property taxes for qualifying disabled veterans.
· Elderly Homeowner/Renter Credit – Offers an income tax credit for eligible seniors, whether they own or rent.
For more information about these programs please call your local field office or visit propertytaxhelp.mt.gov.
If you have questions or concerns, please reach out. I’m honored to serve House District 69 and remain committed to keeping you informed, supported, and empowered.
Contact:
Rep. Ken Walsh
House District 69
📞 406-596-0418
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