How Montana's New Second-Home Tax Could Shift Your Property Tax Bill

The major property tax relief package signed into law by Gov. Greg Gianforte this month is set to bring double-digit property tax cuts to many Montana homeowners and landlords by the time it is fully implemented in 2026, according to projections from the Montana Department of Revenue.

It will also bring massive tax increases-in excess of 60%-to many residential properties that don't qualify for a new "homestead" exemption aimed at reducing the tax burden on primary residences. Similarly, taxes on commercial and industrial business properties are expected to rise this year as the new tax code o...