![Taxes on $59 Million Montana Island Estate Protested](http://townsquare.media/site/119/files/2014/11/Courtroom-Credit-Moodboard-630x4181.jpg?w=980&q=75)
Taxes on $59 Million Montana Island Estate Protested
A real estate investor wants the state of Montana to lower his property taxes by reducing the assessed value of his Flathead Lake island home from $41.8 million to $9.8 million.
Lee Newspapers of Montana reports the Tax Appeal Board heard arguments last week in the appeal filed by Don Abbey of La Mirada, California.
Abbey built the 24,000-square-foot home on Shelter Island in 2011. The home, guest house and boat house on 24 acres are listed for sale at $59.5 million.
The state says the buildings are worth $41.8 million, putting the property taxes at $367,700.
An appraiser hired by Abbey says the buildings should be valued at $9.8 million. The appraiser says the house was built in a way that might not add value from a buyer's standpoint.
More From Newstalk KGVO 1290 AM & 98.3 FM
![Update: Who is Running for the Senate and U.S. House in Montana](http://townsquare.media/site/119/files/2023/01/attachment-featured-image-2023-01-17T160807.136.jpg?w=980&q=75)
![Why Are So Many Montana Fast Food Buildings For Sale?](http://townsquare.media/site/14/files/2019/04/GettyImages-1134335291.jpg?w=980&q=75)
![Montana’s Coolest Apartment is For Sale in Butte, Hidden Above Matt’s Place](http://townsquare.media/site/13/files/2022/05/attachment-Matts-Place-Butte-Loopnet.jpg?w=980&q=75)
![Montana Home Flipping: This Hill Condo in Big Sky Sold 5 Times in 4 Years?](http://townsquare.media/site/13/files/2022/05/attachment-Hill-condos-Google-Maps.jpg?w=980&q=75)
![Beautiful 122-Year-Old Montana Church for Sale, Just $250,000](http://townsquare.media/site/124/files/2022/02/attachment-14.jpg?w=980&q=75)
![UM’s Patrick Barkey on Housing and Property Taxes on Talk Back](http://townsquare.media/site/119/files/2021/12/attachment-PATRICK-BARKEY-2021.jpg?w=980&q=75)
![High Property Taxes – The Subject of KGVO’s Friday City Talk](http://townsquare.media/site/119/files/2021/11/attachment-RS43810_GettyImages-942682414-scr.jpg?w=980&q=75)
![Treasurer says Time is Running out to Pay Your Property Taxes](http://townsquare.media/site/119/files/2021/11/attachment-tyler-Gernant1.jpg?w=980&q=75)
![Sticker Shock– Your Property Tax Statements are in the Mail](http://townsquare.media/site/119/files/2021/10/attachment-Property-taxes-2.jpg?w=980&q=75)