Montana legislation · 2025 Regular Session
Montana HB155: Revise class four residential and commercial property taxes
Status: Failed, May 22, 2025
What the bill says
A bill for an act reducing class three agricultural property tax rates; revising reducing class four residential and commercial property tax rates; providing an for a homestead exemption for a portion of class four residential property value; reducing class ten forest land property tax rates; providing homestead exemption eligibility and application requirements; providing an appeal process; providing definitions; providing rulemaking authority; providing an exemption for a portion of class four commercial property value; amending section sections 15-6-133,15-6-134, and 15-6-143, mca…
From the engrossed text:
A BILL FOR AN ACT REDUCING CLASS THREE AGRICULTURAL PROPERTY TAX RATES; REVISING REDUCING CLASS FOUR RESIDENTIAL AND COMMERCIAL PROPERTY TAX RATES; PROVIDING AN FOR A HOMESTEAD EXEMPTION FOR A PORTION OF CLASS FOUR RESIDENTIAL PROPERTY VALUE; REDUCING CLASS TEN FOREST LAND PROPERTY TAX RATES; PROVIDING HOMESTEAD EXEMPTION ELIGIBILITY AND APPLICATION REQUIREMENTS; PROVIDING AN APPEAL PROCESS; PROVIDING DEFINITIONS; PROVIDING RULEMAKING AUTHORITY; PROVIDING AN EXEMPTION FOR A PORTION OF CLASS FOUR COMMERCIAL PROPERTY VALUE; AMENDING SECTION SECTIONS 15-6-133,15-6-134, AND 15-6-143, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE AND A RETROACTIVE APPLICABILITY DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: SECTION 1. SECTION 15-6-133, MCA, IS AMENDED TO READ: "15-6-133. Class three property -- description -- taxable percentage. (1) Class three property (b) nonproductive patented mining claims outside the limits of an incorporated city or town held by an owner for the ultimate purpose of developing the mineral interests on the property. For the purposes of this subsection (1)(b), the following provisions apply: (i) The claim may not include any property that is used for residential purposes, recreational - 1 - Authorized Print Version - HB - 2025 69th Legislature 2025 HB0155.4 purposes as described in 70-16-301, or commercial purposes as defined in 15-1-101 or any property the surface of which is being used for other than mining …