California buyers have flocked to Montana in recent years, snapping up vacation homes and mountain retreats across Big Sky Country. Today, they collectively own more than $9.5 billion in Montana residential property—more than 5% of the state’s taxable real estate market. But their tax contributions haven’t kept pace. In the most recent tax year, Californians accounted for just 3.54% of the state’s residential property tax revenue. That imbalance is now at the heart of one of the most sweeping property tax reforms in Montana history. A new law aims to ease the burden on full-time residents by shifting more of the tax load onto second-home owners—especially those with high-value properties: https://rltor.cm/cogxr5