Senate Joint Resolution No. SJ0038 requests an interim study of Montana's property tax system, highlighting the importance of property taxes as a funding source for various levels of government. The resolution notes that Montana currently has 18 classes of property, which could be simplified into fewer classes to streamline the system. It points out that the state tax rates and valuation methods vary significantly among these classes, contributing to a complicated property tax framework.

The study will be conducted by an appropriate interim or statutory committee designated by the Legislative Council and will include an overview of property tax classes, tax rates, and valuation methods. Notably, the study will exclude a review of property tax exemptions and settlements between taxpayers and the Department of Revenue, which were previously part of the study scope. The final results, including findings and recommendations, are to be reported to the 70th Legislature by September 15, 2026.