Appraisal cycle is here: State to issue updated market and taxable property values

Property owners across the state should keep an eye on their mailbox over the coming weeks for the Montana Department of Revenue's annual update on the market and taxable value of properties.

Intended for the 2019 and 2020 appraisal cycle, the agency's determination of a property's market value will be used by the county treasurer to determine a property's tax bills.

The agency announced the notices in a press release issued Thursday and urged property owners not to delay in reviewing the information.

“It’s important that Montana property owners review this information thoroughly,” said Gene Walborn, the agency's director. “If property owners wait until property tax bills are sent in November, it will be too late for the department to correct and update property characteristics that may impact the value of the property for the 2019 tax year.”

Walborn said property owners who disagree with the department’s determination may submit a Request for Informal Classification and Appraisal Review within 30 days of the date on their notice.

More information is available at mtrevenue.gov/contact/ or by calling (406) 444-6900, or Montana Relay at 711 for hearing impaired.