Property tax increase for Montana farmers and ranchers
You’ve likely heard that instead of real property tax relief, the Legislature passed a property tax shift this legislative session. Some of that shift is starting to go into effect now, but the biggest changes, including massive tax hikes on thousands of Montanans’ properties, will come next year. A lot has been said about the huge hit coming to family cabins and similar properties, but many agricultural producers are in for a rude surprise as well.
That surprise will be especially jarring for farmers and ranchers, because the initial phase of the tax shift is going to lower most of their taxes this year; only to be followed by a larger increase next year.
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