Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Monday, July 7
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Property»Montana’s gubernatorial candidates release their property tax reform proposals
    Property

    Montana’s gubernatorial candidates release their property tax reform proposals

    August 17, 20242 Mins Read


    Governor Greg Gianforte and his Democratic challenger Thursday released competing proposals for property tax reform.

    Property taxes last year spiked by 20% or more for many Montana homeowners. That set off a political scramble, as officials raced to draw up plans for reforming the system.

    The proposals released Thursday would both ease the tax burden on most homeowners– but in different ways.

    A task force formed by Governor Gianforte finalized a dozen recommendations for lawmakers to consider. The centerpiece being a “homestead exemption”. That would lower the property tax rate for Montana residents and small businesses while raising the rate on second homes owned by out-of-staters and large commercial properties.

    Gianforte says he “firmly believes” the exemption will provide long-term tax relief to Montana residents.

    “It will also ensure that out-of-staters– who don’t live here, don’t pay income taxes here, and own second homes here– pay their fair share,” said Gianforte.

    Ryan Busse, the Democrat running to unseat Gianforte, unveiled a rival proposal: a blanket reduction of property tax rates for all residential properties.

    Busse says he’s open to some of the task force recommendations. But says his plan offers a simpler, more immediate solution.

    “I think it’s very important we start with this basic level of simplicity before we add any of this discussed complexity of the Governor’s Task Force tax plan,” said Busse.

    Another plan, released last month by Democrats in the state legislature, calls for a sliding tax rate based on home value.

    Lawmakers will decide which recommendations to adopt during the 2025 Legislature which convenes in January.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleWhat’s Happening? Is This Bitcoin (BTC) Resistance Unbreakable? Ethereum (ETH) On Verge of Fundamental Crisis?
    Next Article SoftBank Picks Stock Winners in India’s Red-Hot IPO Market

    Related Posts

    Property

    Property flipping drops to lowest level in a decade as stamp duty hikes hit

    July 6, 2025
    Property

    Making money from property “is for the birds” says top wealth manager

    July 6, 2025
    Property

    HOUSE PRICE ANALYSIS: UK property market ‘remains resilient’

    July 6, 2025
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Commodities

    Ohio farmers export half their soybeans. Tariffs and USAID cuts could hurt business.

    March 6, 2025
    Commodities

    Commodities through the looking glass – Deutsche Bank

    June 24, 2024
    Stock Market

    Stock Market LIVE: Sensex, Nifty tread water as investors await Powell’s speech; Realty, IT drag | News on Markets

    August 23, 2024
    What's Hot

    Cette monnaie fiduciaire s’écrase contre Bitcoin, Max Keizer loue BTC: Détails

    June 9, 2025

    Thinking about out-of-the-box solutions to Buffalo’s impending financial crisis

    July 23, 2024

    Louisiana utility commission OKs major donor’s plan to buy Entergy gas system • Louisiana Illuminator

    August 15, 2024
    Most Popular

    Investors shift into ‘non-big tech’ after CPI report

    July 11, 2024

    Henderson to re-open UK Property fund after disposals

    August 25, 2024

    Matières premières : Dopées par l’apaisement des tensions commerciales

    May 13, 2025
    Editor's Picks

    $223 Million Worth of Shorts Annihilated as Bitcoin Eyes New ATH

    October 29, 2024

    London’s Listing Regime Revamp Overshadows Junior Market

    August 15, 2024

    Carlisle: Four-bed detached property listed for £235,000

    April 3, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.