Revise laws to reduce property taxes while preserving the current 95 school equalization mills

This bill modifies Montana's property tax and school funding laws to lower property taxes while maintaining the current 95 school equalization mills. It establishes fixed amounts for state and county school equalization mills and vocational-technical education mills, and exempts school levies from certain tax rate limitations. The legislation also increases guaranteed tax base multipliers for 2026, adjusts reimbursement rates for school transportation, and requires the Department of Revenue and Office of Public Instruction to report on how property reappraisals affect school funding. Additionally, it updates reappraisal schedules for certain property classes and mandates that taxpayers receive information about property tax trends in annual notices.