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Yellowstone County hears DOR briefing on 2022 property assessments, appeal steps and rebates
Summary
Department of Revenue officials told commissioners and residents that residential and commercial property values were set as of Jan. 1, 2022; tax bills depend on taxable value and locally set mill levies, not raw assessed value. Staff outlined appeal steps (AB26 informal review, county and state appeal boards) and two rebate programs coming this year.
Billings — Department of Revenue appraisal staff told the Yellowstone County Board of County Commissioners on July 11 that the assessed values on this year’s appraisal and classification notices reflect market conditions as of Jan. 1, 2022, and that taxable bills will depend on those assessed values combined with locally set mill levies.
"We're here today to explain this process and answer any questions you might have," said Paula Gilbert, appraisal area manager for the Yellowstone County office of the Department of Revenue, who led the presentation. She told residents the department assesses property "at 100% of market value" as directed by statute and uses three valuation approaches — sales-comparison for most residences, income for commercial properties, and cost for unique or unfinished properties.
The presentation aimed to explain why mailed appraisal notices can look alarming while the tax amount may not rise in proportion. Regional manager Liz Franz described statutory limits local governments face on increasing budgets and mill…
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