Property taxesare the most common source of revenue
for libraries and local governments. The Montana Department of Revenue
appraises property to determine its taxable value. That information is sent to
local governments. It is used to determine how much the local government needs
to assess property owners in order to meet the budget requirements of local
government services. There are limits on how much money a local government can
raise. MCA 15-10-420 provides guidance to local governments on how to calculate
property tax levies to stay within allowable limits.
