County Reports $2B Increase in Property Market Value Amid Tax Rate Reductions

During the recent Butte-Silver Bow government meeting, officials presented preliminary property value assessments that revealed a significant increase in market value for the county. The Department of Revenue reported that the market value for properties has surged from approximately $5 billion in 2024 to nearly $7 billion in 2025, marking an increase of almost $2 billion. This sharp rise has raised concerns among residential property owners about potential increases in property taxes.

However, officials reassured the community that the taxable value has actually decreased by $327,000 due to recent legislative changes. Two bills passed during the last legislative session, House Bill 231 and Senate Bill 542, have adjusted tax rates, resulting in lower taxable values despite the increase in market value. This means that while property owners may see higher market values on their reappraisal notices, their actual tax burden may not rise as significantly as they fear.

The meeting emphasized the importance of understanding both market and taxable values, urging residents to review their reappraisal notices carefully. The city aims to keep the community informed about these changes and their implications for property taxes, highlighting the ongoing efforts to manage the financial impact on residents. As the county awaits additional assessments, officials remain committed to transparency and support for property owners navigating these changes.