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House passes bill to wipe out property taxes on first $100K of home value

Source: missoulian.com

Montana's House passes a bill to repeal property taxes on the first $100,000 of a home's value for many residents.
The measure now heads to the Senate after a 68-32 vote, with support from both parties.
If approved, it could save homeowners thousands annually but strain local government budgets.

Montana lawmakers in the House voted to eliminate property taxes on the first $100,000 of a home's taxable value for primary residences. The bill, sponsored by Rep. Tom Millett, aims to provide relief amid rising property values and taxes. It passed with bipartisan support and now goes to the Senate, where its fate is uncertain due to funding concerns.