Montana homeowners have been provided with financial relief through the $675 Property Tax Rebate, designed to ease the burden of property taxes. This rebate is available for those who owned and occupied their primary residence for a significant part of the year.
Who Is Eligible for the Montana Property Tax Rebate?
To qualify for the rebate, you must have owned and lived in your Montana home as your primary residence for at least seven months during 2023. The property must be a single-family home, apartment, condominium, manufactured home, or mobile home, including up to one acre of surrounding land. Properties owned by corporations, LLCs, or other entities are not eligible.
Additionally, you must have paid property taxes on the home for the year 2023. Vacant lots and properties classified as such do not qualify.
How Much Is the Rebate?
The rebate amount is capped at $675 per year. If your property taxes were less than $675, you would receive a rebate equal to the amount you paid. If you paid more than $675, you would still only receive the maximum rebate.
How to Apply for the Rebate
The application window for the 2023 rebate was open from August 15, 2024, to October 1, 2024. During this period, applicants had to submit:
- The Geocode of their residence (available through the Montana Cadastral).
- The amount of property tax paid as stated in the 2023 tax bill.
- Personal details, including names and Social Security Numbers of household members.
Applications could be submitted online for faster processing or through a paper form. Online applications were processed within 30 days, while paper submissions took up to 90 days.
How Will the Payment Be Made?
The rebate is issued as a paper check mailed to the applicant. Those who filed online could expect their checks within 30 days, while those who submitted paper applications had to wait up to 90 days for processing.
Key Considerations
Only one rebate is allowed per household. If the home is owned through a revocable living trust, it may still qualify as long as the applicant meets all other criteria. For further details, homeowners are encouraged to check the Montana Department of Revenue’s website.