Bozeman, MT – According to the statement, the increased property taxes for the program would go toward a permanent way of incentivizing affordable and middle-class housing development.
Officials say that the affordable and middle-class housing is the city’s most important priority.
The median sales price for a single-family home in Bozeman is $661,000 as of May 2021.
The local real estate association reported that the median sales price for condos and townhouses in Bozeman is $430,000 as of May 2021.
The city proposes increasing property taxes in relation to a property’s assessed values to increase affordable and middle-class housing in the community.
The permanent tax will replace a lower existing one that helps fund the community housing program.
