Governor Gianforte Delivers Permanent, Long-Term Property Tax Relief for Montanans

• July 20 2023

CONRAD, Mont. – Joining Representative Llew Jones, R-Conrad, Governor Greg Gianforte today celebrated a new law that delivers Montana homeowners over $120 million in permanent property tax relief over the next several years.

“Property taxes are too high and need to be reined in,” Gov. Gianforte said. “Working with Rep. Jones, we got a fiscally responsible, creative solution across the finish line to reduce the burden of property taxes over the long term. Taken together with our property tax rebates, we secured over $470 million in property tax relief for Montanans this session.”

Gov. Gianforte ceremonially signing House Bill 587, sponsored by Rep. Llew Jones, R-Conrad

Sponsored by Rep. Jones, House Bill 587 establishes the state special revenue school equalization and property tax reduction account, directing a portion of revenues from school equalization local tax levies – or 95 mills – to the account.

The bill represents the largest permanent property tax relief bill of the session.

“Because it buys down local permissive mills, it will ultimately serve as a permanent property tax cut beginning next year and growing each additional year. The more money the state collects in the 95 mills, the more that it redistributes locally to help ensure our students have equity,” Rep. Jones added.

In addition to the permanent property tax relief the new law delivers, the governor secured up to $1,350 in property tax rebates for Montana homeowners over the next two years.

For more information on the property tax rebate, Montanans can visit getmyrebate.mt.gov.

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