KGVO News sat down with Property Assessment Division Administrator for the Montana Department of Revenue Kory Hofland before the meeting to get some basic questions answered, such as how property valuations are determined.
Gallatin County property taxes look like they're about to go up. A LOT. Property owners have been sent their latest property assessments and the upcoming increases are terrifying. Folks have many questions and they'll be answered at town halls the Montana Department of Revenue have scheduled across the county.
Did your head explode this week as you opened your new Gallatin County property assessment? You're not alone. Nobody expected their property taxes to go down or stay the same - we all knew they were going up. HOWEVER, the increase this year for most property owners is downright painful.
Love it or hate it, recreational cannabis is raking in serious cash for Montana's tax coffers. Here's where the nearly $50 million in 2022 tax revenue gets spent.
It seems appropriate to be writing this article the same week in history that Prohibition was repealed. An estimated $37 million in tax revenue has been generated so far this year.
We’ve all been warned for the last year or so that property taxes will be higher, much higher due to the massive increase in overall property values over the past 18 months.