The bill amends existing laws regarding property tax levies in Montana, specifically requiring that voted levies be stated in dollar amounts rather than in mills. It allows for voted levies, excluding those for school districts, to be subject to the calculation provisions outlined in section 15-10-420. This section has been updated to clarify the procedures for calculating mill levies, including the maximum number of mills a governmental entity can impose based on prior property tax assessments and inflation rates. Additionally, the bill specifies that newly taxable properties and certain tax increment financing district changes will be included in the taxable value calculations.

Furthermore, the bill amends section 15-10-425 to outline the process for imposing new or increased mill levies through elections, ensuring that the resolutions or petitions include specific purposes and amounts. It also mandates that ballots inform voters about the potential impact of tax increases on property values. The bill repeals section 7-6-4431, which previously authorized exceeding or imposing less than the maximum mill levy without an election. Overall, these changes aim to enhance transparency and clarity in property tax levies while streamlining the calculation and election processes.

Statutes affected:
LC Text: 15-10-420, 15-10-425
HB0020_1(1): 15-10-420, 15-10-425
HB0020_1(2): 15-10-420, 15-10-425
HB0020_1(3): 15-10-420, 15-10-425
HB0020_1(4): 15-10-420, 15-10-425
HB0020_1(5): 15-10-420, 15-10-425
HB0020_1(6): 15-10-420, 15-10-425
HB0020_1: 15-10-420, 15-10-425
HB0020_2(1): 15-10-420, 15-10-425
HB0020_2(10): 15-10-420, 15-10-425
HB0020_2(11): 15-10-420, 15-10-425
HB0020_2(12): 15-10-420, 15-10-425
HB0020_2(13): 15-10-420, 15-10-425
HB0020_2(14): 15-10-420, 15-10-425
HB0020_2(15): 15-10-420, 15-10-425
HB0020_2(2): 15-10-420, 15-10-425
HB0020_2(3): 15-10-420, 15-10-425
HB0020_2(4): 15-10-420, 15-10-425
HB0020_2(5): 15-10-420, 15-10-425
HB0020_2(6): 15-10-420, 15-10-425
HB0020_2(7): 15-10-420, 15-10-425
HB0020_2(8): 15-10-420, 15-10-425
HB0020_2(9): 15-10-420, 15-10-425
HB0020_2: 15-10-420, 15-10-425
HB0020_3(1): 15-10-420, 15-10-425
HB0020_3(10): 15-10-420, 15-10-425
HB0020_3(11): 15-10-420, 15-10-425
HB0020_3(2): 15-10-420, 15-10-425
HB0020_3(3): 15-10-420, 15-10-425
HB0020_3(4): 15-10-420, 15-10-425
HB0020_3(5): 15-10-420, 15-10-425
HB0020_3(6): 15-10-420, 15-10-425
HB0020_3(7): 15-10-420, 15-10-425
HB0020_3(8): 15-10-420, 15-10-425
HB0020_3(9): 15-10-420, 15-10-425
HB0020_3: 15-10-420, 15-10-425
HB0020_4: 15-10-420, 15-10-425
HB0020_X(1): 15-10-420, 15-10-425
HB0020_X(10): 15-10-420, 15-10-425
HB0020_X(11): 15-10-420, 15-10-425
HB0020_X(12): 15-10-420, 15-10-425
HB0020_X(13): 15-10-420, 15-10-425
HB0020_X(14): 15-10-420, 15-10-425
HB0020_X(15): 15-10-420, 15-10-425
HB0020_X(16): 15-10-420, 15-10-425
HB0020_X(17): 15-10-420, 15-10-425
HB0020_X(2): 15-10-420, 15-10-425
HB0020_X(3): 15-10-420, 15-10-425
HB0020_X(4): 15-10-420, 15-10-425
HB0020_X(5): 15-10-420, 15-10-425
HB0020_X(6): 15-10-420, 15-10-425
HB0020_X(7): 15-10-420, 15-10-425
HB0020_X(8): 15-10-420, 15-10-425
HB0020_X(9): 15-10-420, 15-10-425
HB0020_X: 15-10-420, 15-10-425