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Senator Logie’s bill would notify counties after large drops in assessed property value
Summary
Senate Bill 289 would require the Department of Revenue to notify counties when a property’s assessed value falls by $1,500,000 or more so local officials can factor changes into budgeting and planning; department witnesses said about 300 such instances met that threshold last year.
Senator Danilo Logie opened a committee hearing on Senate Bill 289 by saying the measure grew from a Monroe County request after a Saint Regis lumber mill closure led to a large reduction in assessed value. Logie said the bill would require the Department of Revenue to send an electronic notice to affected counties when a property’s assessed value decreases by $1,500,000 or more, enabling county officials to plan and offer limited input without changing the department’s final valuation.
Jason Bridal of the Montana Association of Counties told the committee the change is “pretty simple” and would help counties during budgeting. Bridal…
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