Montana Department of Revenue Director Mike Kadas to seek disclosure of real estate sales prices

The state Revenue Department http://revenue.mt.gov/ will ask the 2015 Legislature to change the law to allow the sales prices of real estate to be publicly disclosed, Director Mike Kadas told a legislative committee Wednesday.

Past legislative sessions have rejected the idea, but Kadas pitched the idea that public disclosure of sales prices is a valuable tool for property owners to use when challenging the department’s valuations of their property.

Real estate sales prices are public in 39 states and the District of Columbia. They are widely used by websites such as zillow.com that show the values of real estate online.

By Charles S. Johnson

Full Story: http://missoulian.com/news/state-and-regional/state-revenue-department-director-to-seek-disclosure-of-real-estate/article_5e7f6460-0d56-11e4-abda-0019bb2963f4.html