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SB 157 Changes & 2015 Certification of Values

Posted Date: 
August 14, 2015
Contact: 
Cynthia C. Monteau Moore, Administrator, Property Assessment Division, Montana Department of Revenue

Memorandum to: County Commissioners, County Clerk & Recorders, County Treasurers

Please be advised that while you may see an increase in market value you may not see a commensurate increase in your taxable value or your taxable value may have decreased.  This is due to reporting the full reappraisal values of residential, commercial, and agricultural property instead of the taxable market value that had been previously reported.

Senate Bill 157, Generally Revise Tax Reappraisal Laws

Establishes a Two-Year Reappraisal Cycle
Posted Date: 
May 1, 2016 (Updated June 3, 2015)

Senate Bill 157, Generally revise tax reappraisal laws, was signed into law on April 29, 2015.  The effective date of the bill was on passage and approval, however its applicability date was retroactive to January 1, 2015, which means its provisions will apply to the current 2015 tax year so will apply to Fiscal Year 2016 levies and tax determinations.