Supporters of a bill aimed at reducing property taxes in Montana say the agricultural industry needs help because of dropping commodity prices.
House Bill 558 would reduce the amount of property taxes agricultural landowners and commercial properties pay in the state. Agricultural landowners would see a tax reduction of .15 percent, and commercial landowners, .11 percent.
The House Taxation Committee heard testimony on the bill today. Rep. Greg Hertz, R-Polson, is carrying the bill and said right now, property taxes are scheduled for an automatic increase.