This bill proposes revisions to the method used for appraising condominiums for property tax purposes by amending Section 15-8-111 of the Montana Code Annotated (MCA). The changes aim to clarify and improve the appraisal process, ensuring that it accurately reflects the value of condominiums in the property tax system.

Additionally, the bill includes provisions for an immediate effective date and retroactive applicability, meaning that the new appraisal methods will be applied not only going forward but also to past assessments. This could potentially impact property tax calculations for previous years, aligning them with the updated appraisal standards.

Statutes affected:
HB0685_1.pdf: 15-8-111
Introduced: 15-8-111