The bill revises the appraisal process for centrally assessed property in Montana by establishing a requirement for a qualified independent appraiser when the Department of Revenue and the property owner cannot agree on hiring a specific appraiser. The amended language in Section 15-23-102, MCA, specifies that if an agreement is not reached in writing, the Department will select a qualified independent appraiser and cover the appraisal costs. Furthermore, the Department must consider the appraisal results and has the option to accept or modify them, with a requirement to provide the property owner a copy of the original appraisal if modifications are made.

Additionally, the bill introduces a delayed effective date, stating that it will take effect on January 1, 2026, and will apply to property tax years beginning after December 31, 2025. This ensures that the new appraisal process will be implemented in a structured manner, allowing for a transition period for both the Department and property owners.

Statutes affected:
LC Text: 15-23-102