If you're a property owner in Montana, you recently received a new tax appraisal from the Montana Department of Revenue. The assessment is far from simple and downright confusing at times. If you're anything like me, you were a bit in shock after you saw the evaluation. Yes, home prices are on the rise but come on!

What To Do If You Disagree

I'm far from a tax expert, so this is not a recommendation. If you disagree with the new assessment, fill out a AB26 form and return it to the Montana Department of Revenue within 30 days of receiving it.

Help Is Available

On July 10th, from 11:30a to 3:30p at the Cascade County Annex Building, the Montana Department of Revenue will hold an information session for the public. Location: 325 2nd Ave N Room #111, Great Falls, MT 59401

Addressing The Confusion

The exact process and criteria for property tax assessments vary by county within Montana. Generally, assessors consider factors such as the property's location, size, condition, and any improvements made to the property. Assessments are performed periodically, and the frequency can vary by county.

Here's a breakdown from a recent Facbook post from the City of Great Falls

When reviewing the appraisal notice, you will see the tax estimate is based on the new taxable value and last year's millage rate. Last year's millage rate, however, is based on last year's taxable values. Property values have risen dramatically across the board. The current year's tax base will be much larger than last year's, and taxing jurisdictions will most likely assess fewer mills of taxes.

If your notice indicates that your property's market value increased over the past two years, this does not necessarily mean that your property taxes will increase by the same percentage. Montana law, 15-10-420, MCA, provides for limitations on the amount of property tax that can be collected.

Give this recent interview a listen with Cascade County Commissioner Joe Briggs.

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