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Why are luxury real estate owners getting agricultural tax breaks?

One situation we looked at in particular is Governor Greg Gianforte’s Bozeman home — which is an agricultural property — and they found that there’s an 11 acre parcel that has his homesite on it, and that pays a total, according to our math, of about $66 in land taxes each year.

As property taxes surge in Montana, some say the state’s tax code is letting luxury real estate owners benefit from a tax break intended to support farms and ranches. The longstanding policy passes sizable tax savings to property classified as “agricultural.” But, critics say it may be too easy for high-value homes to qualify for that tax break. Montana Free Press deputy editor Eric Dietrich dug into this issue in partnership with High Country News and joined MTPR’s Austin Amestoy to explain.

 

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