Property Taxes. Here We Go Again……..

[Deleted member 16864]

Revenue department says Montana property taxes could rise again

The department expects the market value of the average Montana residential property to be reappraised at 21% higher when it completes next year’s reappraisal cycle.

www.ktvq.com

 

[Gulf of America]

I’m sure the 60% of Montanans who voted to give GG another 4 years won’t mind chipping in a little more to fund his corporate tax breaks.

 

[Irrelevant]

I’m sure the 60% of Montanans who voted to give GG another 4 years won’t mind chipping in a little more to fund his corporate tax breaks.

....zing!

 

[Deleted member 16864]

I’m sure the 60% of Montanans who voted to give GG another 4 years won’t mind chipping in a little more to fund his corporate tax breaks.

I agree, taxation IS theft. Who’s going to pay for the roads though man!?

 

[Forkyfinder]

Cruise around in cadastral and see who doesnt pay squat in property taxes.

 

[Irrelevant]

Cruise around in cadastral and see who doesnt pay squat in property taxes.

Ag... they don't. Like at all.

67 ac in Leavenworth WA, where the median house per zillow is $690k. Lots are $2-300k. That single waterfront, view property, pays all of $145 per year. Because it's in ag.

 

[jimh406]

https://twitter.com/x/status/1859012658407895143

The article and what Gianforte posted one hour ago don't agree.

 

[Big Sky Guy]

Anyone else in Montana get their property tax assessments? This is the first year they did not provide estimated taxes. Our two vacant lots each jumped 318% in assessed value. House and land went up considerably as well but less than 100% at least . Going to make a couple calls today to see if/when we will get estimated taxes and also to see if they will share what comps they used to obtain values.

If they can’t provide one or both of those I really do feel shammed, how is one supposed to make an informed decision to appeal?

 

[Forkyfinder]

Anyone else in Montana get their property tax assessments? This is the first year they did not provide estimated taxes. Our two vacant lots each jumped 318% in assessed value. House and land went up considerably as well but less than 100% at least . Going to make a couple calls today to see if/when we will get estimated taxes and also to see if they will share what comps they used to obtain values.

If they can’t provide one or both of those I really do feel shammed, how is one supposed to make an informed decision to appeal?

Im glad im not alone in being a bit confused. All of my property went up a lot in value too, but i think my taxes will actually be going down.

Who Will Feel the Squeeze of Montana's New Property Tax Code? - Flathead Beacon

Property tax bills of second homeowners and short-term rental owners are primed to see an average cumulative increase of 68% over the next two years.

flatheadbeacon.com

 

[Straight Arrow]

see if they will share what comps they used to obtain values.

If they can’t provide one or both of those I really do feel shammed, how is one supposed to make an informed decision to appeal?

Submit Form AB-26, Request for Informal Classification and Appraisal Review, with option to receive info on "what comps". Whether the review decreases the appraised value recently received or not, if still dissatisfied, then file formal protest after receiving county tax bill. My hope is that if enough Montanans are upset and file through this process, the pressure will result in some meaningful tax reform.
My recent Letter to Editor in Bozeman:

2025 MONTANA DEPT OF REVENUE PROPERTY APPRAISAL ESCALATION
Recently received 2025 Property Appraisal sky-rocketed value of one small parcel by a factor of thirty-nine … almost a four thousand percent (4,000 %) increase in “appraised” value!
Small acreage home property value increased thirty-two percent (32%).
Another remote, only difficult seasonally accessible recreational property with no utilities escalated up fifty-eight percent (58%).
Supposedly, the recent Montana Legislative session was to focus on property tax relief. I stand by my wish that instead of meeting for ninety days every two years, the Legislature should meet for two days every ninety years!

 

[Wildabeest]

So for those with big increases, does the new valuation more closely reflect what you think fair market value is? Or are they completely out of line with true value?

 

[Forkyfinder]

So for those with big increases, does the new valuation more closely reflect what you think fair market value is? Or are they completely out of line with true value?

In terms of the housing and "improvements" -Yes. Its probably closer or close to reflective.

In terms of the undeveloped land (non-ag) i own? No. Not very close. I was offered more by a real estate company recently via a letter for both parcels.

 

[Wildabeest]

In terms of the housing and "improvements" -Yes. Its probably closer or close to reflective.

In terms of the undeveloped land (non-ag) i own? No. Not very close. I was offered more by a real estate company recently via a letter for both parcels.

Thanks. I know that both of the properties I owned in MT were significantly undervalued from a tax standpoint. The improved property with a cabin on it was less so, but the unimproved lot I had carried a tax value of only $1,230 and sold last year for over $500k.



These revaluations should be about getting things as close as possible to true market value, but then mil rates should be adjusted to maintain overall revenue neutrality at the county level. The latter doesn’t appear to happen in MT.

 

[Forkyfinder]

Thanks. I know that both of the properties I owned in MT were significantly undervalued from a tax standpoint. The improved property with a cabin on it was less so, but the unimproved lot I had carried a tax value of only $1,230 and sold last year for over $500k.

View attachment 379753

These revaluations should be about getting things as close as possible to true market value, but then mil rates should be adjusted to maintain overall revenue neutrality at the county level. The latter doesn’t appear to happen in MT.

I suppose its still paying a lot more taxes than if it was zoned what it was previously.

Not sure what to make of it - but i am pleased income properties in Montana are paying a higher tax. A vacation rental uses an outsized amount of infrastructure, in my perspective, and should be taxed accordingly.

 

[Dougfirtree]

It seems to be a mess everywhere and everything we do to tweak the system has undesirable consequences. Growing populations and growing wealth inequality are fanning the flames. I think at this point, I'd just prefer we come up with a different revenue stream to pay for what property taxes pay for. I think the whole fundamental concept is no longer working.

 

[belshawelk]

Flat income tax for everyone.

Fix the SALT and tax property for all. Those who do not own property like renters should not be able to vote on items that raise property taxes, same a school bonds and taxes. If you do not have a stake in the tax increase you should not be able to vote for said increase.

 

[Stone_Ice_1]

It seems to be a mess everywhere and everything we do to tweak the system has undesirable consequences. Growing populations and growing wealth inequality are fanning the flames. I think at this point, I'd just prefer we come up with a different revenue stream to pay for what property taxes pay for. I think the whole fundamental concept is no longer working.

Yes, this! I used to be very against a statewide sales tax to cover this but with all the tourists in the summer that come here and most towns not taxing them I think it is needed. I think many Montanans have changed their stance on this for the same reason. While it used to mean political death to even mention a sales tax, I think it would get support now.

 

[88man]

as montana swings further left the sales and real estate taxes will climb climb climb higher its just what happens on the path to utopia.

 

[Gulf of America]

as montana swings further left the sales and real estate taxes will climb climb climb higher its just what happens on the path to utopia.

What an absolutely asinine comment. Montana went from being purple to hard red in the last decade, and it's only going further right. But I'm sure you'll still find a way to blame the dems for the skyrocketing cost of living for us regular Montanans while all your similarly inclined political refugees flood the state.

 

[jryoung]

as montana swings further left the sales and real estate taxes will climb climb climb higher its just what happens on the path to utopia.

Whatever you do, don't spend three minutes looking actual numbers.