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Senate advances property-tax reform bill to slow growth in taxable value; bill passes committee on second reading 38–12
Summary
Senate Bill 117, a package of property-tax changes to smooth inflation adjustments and reserve new-tax revenue for existing taxpayers, passed second reading in committee 38–12 after sponsors said it would help low-growth rural counties and critics said it may harm fast-growing communities.
Senate Bill 117 passed on second reading in the Montana Senate by a 38–12 vote on March 27 after floor debate addressed how the bill would change property-tax calculations and provide a local reserve for large-taxpayer departures.
Senator Zollnikov, sponsor of SB 117, described the bill as a refinement to Montana’s property-tax code intended to make taxable-value growth more predictable. Zollnikov said the bill would allow jurisdictions to use the average rate of inflation…
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