Senate Joint Resolution No. SJ0038 requests an interim study of Montana's property tax system, highlighting the need for simplification due to the complexity arising from the state's 18 classes of property. The resolution emphasizes that the current tax rates and valuation methods vary significantly among these classes, which complicates the property tax system. The study will be conducted by an appropriate interim or statutory committee designated by the Legislative Council and is expected to conclude before September 15, 2026.

The study will include an overview of property tax classes, tax rates, and valuation methods, while omitting a review of property tax exemptions and settlements between taxpayers and the Department of Revenue. The resolution aims to explore options for consolidating tax classes, equalizing appraisals, and balancing tax liabilities. The final results, including findings and recommendations, will be reported to the 70th Legislature.