In June 2019, many Missoula property owners experienced some sticker shock when they saw substantial increases in their properties' assessed value.
One commercial owner's property doubled in a two-year span, from $467,000 to $966,000. Another saw his appraised value skyrocket from $806,500 to $1.2 million. "I may end up having to sell," said another, Geoff Sutton, who owns a building in the 100 block of West Broadway. "I don’t know what I’m going to do, and it’s a little frightening.”
Residential owners also reported increases, with one appraisal notice showing the $247,500 home’s value rising in two years by $45,800.
Overall, Missoula County’s increases averaged 12.12% for residential and 17.81% for commercial properties.