Top 10 Reasons to Support CI-121
March 30, 2022
Constitutional Initiative (CI-121) caps Montana’s residential property taxes and limits its growth. It moves Montana residential property to an ‘Acquisition-Value’ property tax system and is capped at 1%, with 2019 being the basis year for appraisal value.
Montana residential property taxes are based on three components – the value of the property (reappraised & reassessed every two years), multiplied by the tax rate, and then divided by the number of mills levied in that tax levy district. This gives the property owner the effective tax rate.
Many Montanans saw a 30%+ increase in...