Certified Taxable Values
In late August, all 1,448 local government taxing jurisdictions will be receiving their individual certification of taxable values. This delivery date is later than in past years due to our efforts to produce the most accurate values possible–including the implementation of a change in the method we are required to use to calculate newly taxable values. In the new calculation, the taxable value of new property is added to the tax rolls at full phase-in value (please see HB 658, approved by the 2009 Montana Legislature, for details).
View a simple example of calculating the newly taxable value of a new home
Under Montana law a taxing jurisdiction still has 45 days from the receipt of the certification of taxable values to set its mill levy.
Timeline for Certification of Taxable Values to Local Governments
June 1, 2009 (Status as of August 27, 2009 - completed)Rule was filed with Montana Secretary of State regarding newly taxable value property calculations.
June 11, 2009 (Status as of August 27, 2009 - completed)
Rule regarding newly taxable value property calculations will be posted to DOR website.
July 1, 2009 (Status as of August 27, 2009 - completed)
Public hearing will be held on rule regarding newly taxable value property calculations.
July 9, 2009 (Status as of August 27, 2009 - completed)
Public comment period will close for rule regarding newly taxable value property calculations.
July 31, 2009 (Status as of August 27, 2009 - completed)
Rule regarding newly taxable value property calculations will become effective.
August 25 - 31, 2009 (Status as of August 27, 2009 - on target)
Certification of taxable values will be provided to each taxing jurisdiction (1,448 taxing jurisdictions). See county-by-county distribution schedule
45 days after receipt of certification of taxable value, after the approval and adoption of the final budget; and at levels that will balance the budgets as provided in 7-6-4034, MCA (7-6-4036, MCA)
Taxing jurisdictions determine mill levy.
