(The Center Square) – As demand and scarcity drive property values up, Montana’s property tax structure may get a second look.
Attorney and former Montana state lawmaker Matthew Monforton is proposing an “acquisition-value” property tax system, the Missoula Current reported. Such a system would keep property taxes from inflating along with market property values by allowing increases only when the property changes hands.
Kendall Cotton, CEO of the Frontier Institute, said something has to be done to address Montana’s property taxes.