Tag: Property Tax
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County Taxable Value Up Slightly
Newly taxable property – largely comprised of new construction—amounted to $6,955,867 in Yellowstone County, helping to boost total taxable value in the county to $396,628,206, based upon a total market value of all real property in the county of $21.8 billion. (Taxable value is a modified sum, different than market value.) The new taxable property…
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New Construction Pushes Down Mill Levies
Property taxpayers will see lower county tax levies on their property tax bills this year, in Yellowstone County, because the overall amount of taxable value on property in the county has increased by $24.88 million. Over half of that increase is due to new construction – new wealth – in the county. Total tax…
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Residential Taxable Property Values Increase 12.5%
Montana’s residential property values increased an average of 12.5 percent over the past year, according to the Department of Revenue in its biennial reappraisal. The average increase for businesses was almost 10 percent. Many communities saw property value increases in the double digits, with Gallatin County (Bozeman) having the highest of 23 percent for residential…