Montana legislation · 2025 Regular Session
Montana HB894: Revising property appraisal to use an average value
Status: Failed, May 20, 2025
What the bill says
A bill for an act entitled: "an act revising the appraisal of property for tax purposes to use an average value; amending sections section 15-8-111 and 15-23-205, mca; and providing an applicability date.".
From the engrossed text:
A BILL FOR AN ACT ENTITLED: "AN ACT REVISING THE APPRAISAL OF PROPERTY FOR TAX PURPOSES TO USE AN AVERAGE VALUE; AMENDING SECTIONS SECTION 15-8-111 AND 15-23-205, MCA; AND PROVIDING AN APPLICABILITY DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: Section 1. Section 15-8-111, MCA, is amended to read: "15-8-111. Appraisal -- market value standard -- exceptions. (1) All Except as otherwise provided, all taxable property must be appraised at 100% of its market value except as otherwise provided. The market value is the average of the market value for the year containing the general assessment day provided for in 158-201 and the prior 9 years, but the average must ex c lude the lowest and highest yearly data in the period. (2) (a) Market value is the value at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts. (b) If the department uses the cost approach as one approximation of market value, the department shall fully consider reduction in value caused by depreciation, whether through physical depreciation, functional obsolescence, or economic obsolescence. (c) If the department uses the income approach as one approximation of market value and sufficient, relevant information on comparable sales …
Sponsors
- Essmann, Sherry (R, 49) · primary sponsor
Latest actions
- : (H) Died in Process
- : (H) Missed Deadline for Revenue Bill Transmittal
- : (H) Sponsor Rebuttal to Fiscal Note Signed
- : (H) Fiscal Note Printed
- : (H) Tabled in Committee
- : (H) Hearing
- : (H) Sponsor Rebuttal to Fiscal Note Signed
- : (H) Sponsor Rebuttal to Fiscal Note Received
- : (H) Sponsor Rebuttal to Fiscal Note Requested
- : (H) Fiscal Note Unsigned
Subjects: Local Finance, Taxation, Revenue, State, Revenue, Local, Education - School Finance, Taxation--Property
Common questions
- What is HB894?
- HB894 is a bill in the Montana Legislature (2025 Regular Session): Revising property appraisal to use an average value.
- What does HB894 do?
- In its own words: A bill for an act entitled: "an act revising the appraisal of property for tax purposes to use an average value; amending sections section 15-8-111 and 15-23-205, mca; and providing an applicability date.".
- What is the status of HB894?
- Failed as of May 20, 2025. Latest action: (H) Died in Process (May 20, 2025).
- Who sponsored HB894?
- Essmann, Sherry (R, 49).
- Where is the official record for HB894?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC1228
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.