20-9-365. Adjustments to guaranteed tax base multipliers and calculations to mitigate impacts of reappraisal on property tax relief, MCA
  1. MCA Contents
  2. TITLE 20
  3. CHAPTER 9
  4. Part 3
  5. 20-9-365 Adjustments to guaranteed tax base multipliers and calculations to mitigate impacts of reappraisal on property tax relief

Montana Code Annotated 2025

TITLE 20. EDUCATION

CHAPTER 9. FINANCE

Part 3. Funding of Basic System of Quality Public Schools

Adjustments To Guaranteed Tax Base Multipliers And Calculations To Mitigate Impacts Of Reappraisal On Property Tax Relief

20-9-365. (Temporary) Adjustments to guaranteed tax base multipliers and calculations to mitigate impacts of reappraisal on property tax relief. (1) The department of revenue and the office of public instruction shall annually collaborate and jointly assess how reappraisal affects, on a statewide basis, the portions of funding between guaranteed tax base aid and local property tax responsibilities for the general fund BASE budgets of school districts and the countywide school retirement funds budgets of counties.

(2) After completing the analysis under subsection (1) and by the May 1 deadline for finalizing guaranteed tax base aid ratios under 20-9-369, the office of public instruction shall annually adjust the guaranteed tax base multipliers and calculations outlined in 20-9-366 through 20-9-368 to prevent any statewide increase in property taxes due to the combined effects of reappraisal and the standard guaranteed tax base aid formulas for the general fund BASE budgets of school districts and the countywide school retirement funds budgets of counties.

20-9-365. (Effective July 1, 2026) Adjustments to guaranteed tax base multipliers and calculations to mitigate impacts of reappraisal on property tax relief. (1) The department of revenue and the office of public instruction shall annually collaborate and jointly assess how reappraisal affects, on a statewide basis, the portions of funding between guaranteed tax base aid and local property tax responsibilities for the general fund BASE budgets of school districts and the countywide school retirement funds budgets of counties.

(2) After completing the analysis under subsection (1) and by the May 1 deadline for finalizing guaranteed tax base aid ratios under 20-9-369, the office of public instruction shall annually adjust the guaranteed tax base multipliers and calculations outlined in 20-9-366 through 20-9-368 to prevent any statewide increase in property taxes due to the combined effects of reappraisal and the standard guaranteed tax base aid formulas supporting the countywide levy for BASE budget funding support and the countywide school retirement funds budgets of counties.

History: En. Sec. 19, Ch. 658, L. 2025; amd. Sec. 23, Ch. 658, L. 2025.