Understanding Montana's Property Tax Relief Programs

Property taxes can be a significant burden for homeowners, especially in a place like Montana where real estate prices are already high. Montana offers several relief programs to help ease the cost. Whether you're a senior, a veteran, or simply looking for ways to lower your tax bill, understanding your options is key. In this post, we'll break down the available property tax relief programs in Montana, who qualifies, and how to apply.

Land Value Property Tax Assistance Program

This program is available if the value of your home is much lower than the value of the land the home resides on. The land the home is on has to have been owned by your family for a minimum of 30 years and be on 5-acres or less of land. The deadline for this is March 1st, 2025. Click here for more information. 

Property Tax Assistance Program

The criteria for this program is owning or being under contract to purchase a home in Montana and meeting certain income requirements. You must reside in this home for at least 7 months each year. The Federal Adjusted Gross Income requirement for 2023 if you are single is $28,329 and if you are married it is $37,968. The deadline is April 15, 2025.  Click here for more information on this program.

Montana Disabled Veterans Assistance Program

You are eligible for this program if you are a current Montana homeowner, have lived in your home for at least 7 months, and can provide a letter from the U.S. Department of Veterans Affairs as proof of a 100% service-related disability. The deadline for this program is April 15, 2025. Click here for more information. 

Elderly Homeowner/Renter Credit

If you have lived in the state of Montana for at least 9 months, are at least 62 years old, and have rented or owned a Montana residence for at least 6 months you could be eligible for the elderly homeowner credit. April 15, 2015 is the deadline for this program. Click here for more information. 

Montana Property Tax Rebate

This is the most well-known program and the one most homeowners are eligible for. If you are an individual who has owned and lived at a Montana residence for at least 7 months and paid property taxes on this property you could be eligible for the Montana Property Tax Rebate. The rebate is up to $675. The deadline for 2024 has passed. We will keep our blog post, which you can find by clicking here, up to date each year on these deadlines and how to apply. 

If you have further questions about these programs, please contact us. We would be happy to help!