Montana Gov. Greg Gianforte signed a bill that will send two different property tax rebates to eligible residents in Montana.
Montana Gov. Greg Gianforte Signed the Newest Property Tax Relief
Montana Gov. Greg Gianforte signed a bill that will send two different property tax reliefs to eligible residents in Montana. The state Governor announced this during a conference. He said, “Taken together with our property tax rebates, we secured over $470 million in property tax relief for Montanans this session.”
In a published article in KIPLINGER, an amount of up to $650 will be sent to eligible homeowners. The first is for the property taxes paid in 2022 and the second is for the taxes paid for 2023. However, the amount to be received may vary.
How Much Are They Going to Receive? How to Qualify?
According to the official website of the Montana Department of Revenue, the highest amount that eligible homeowners will receive under the new law is $650. The department highlights the following:
- If you paid $500 in property taxes, your rebate will only be $500.
- If you paid $1,100 in property taxes, your rebate amount will be $650.
However, the Montana Department of Revenue clarified that receiving a letter does not guarantee eligibility but they will send another letter this August with eligibility requirements. Here are some of the qualifications:
- Owned and lived in the Montana residence for at least seven months
- Had property taxes billed on the residence
- Paid the billed property taxes on the residence