Posted on 12/07/2007 1:50:02 PM PST by george76
Montana still relies more heavily than do other states on property taxes for revenue, but the actual tax levels are not abnormally high...
Doug Young, professor of economics at MSU-Bozeman, also told a meeting of Montana business and political officials that residential and commercial real estate is shouldering a greater share of the property tax burden in the state.
Young spoke in Helena at the annual meeting of the Montana Taxpayers Association, a group that primarily represents business taxpayers.
Property taxes account for 37 percent of tax revenue in Montana, while the national average for states is 31 percent...
Income, sales and excise and natural-resource taxes make up most of the other tax revenue in the state...
When measured against personal income in Montana, homeowner property taxes are about 2.8 percent of personal income, he added. That's 24th among the states, or right at the national average.
Residential and commercial real estate make up 61 percent of the property tax base in Montana, compared to 47 percent 10 years ago...
(Excerpt) Read more at billingsgazette.net ...
Didn’t realize that their property taxes were so high as well... no wonder its’ sparsely populated. On the other hand not a bad idea. How does Montana lean politically?
How does Montana lean politically?
Mixed : traditional ranchers and self employeed versus union members and academia...
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