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House approves second reading of property tax cut that lowers multipliers for several classes
Summary
House Bill 528 passed second reading in the Committee of the Whole, 90-9. The bill reduces multipliers used to calculate property tax for class 3 agricultural property and class 4 residential and commercial property and was re‑referred to Appropriations for funding considerations.
The Montana House approved on second reading a measure that would lower the state multipliers used to calculate property taxes for certain classes of property.
Representative Verne Byrne presented House Bill 528, which would reduce the multiplier for class 3 agricultural property from 2.16 to 1.7, adjust residential multipliers from 1.35 to 0.76, and change the commercial rate from 1.4 to 1.35 in the sections described in the bill.…
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