![Proposed property tax initiative in hands of Montana SupCo](http://townsquare.media/site/1098/files/2022/07/housing.jpeg?w=980&q=75)
Proposed property tax initiative in hands of Montana SupCo
CI-121 would have based residential property’s assessed value on what it was in 2019, then limited any increases in value to no more than 2% per year. Property could only be reassessed to its new market value after it was sold or substantially improved.