Provide for study of property taxes

This resolution (SJ 38) requests a study of Montana's property tax system to examine its complexity. It directs a committee to analyze the state's 18 property tax classes, varying tax rates, valuation methods, exemptions, and settlement processes, with the goal of identifying potential simplification options like consolidating classes or balancing tax liabilities. The study, required to be completed by September 2026, will inform the 70th Legislature but does not change tax laws. It affects all entities relying on property taxes, including state, local governments, schools, and taxpayers.