Montana’s Republican-led legislature has introduced a Property Tax Rebate initiative that has brought benefits to the state. Those interested in applying for this rebate must submit their claims by October 1st. Those who meet the eligibility criteria are currently taking advantage of a $675 rebate, which provides valuable support for their monthly expenses.
Governor Gianforte championed this measure, aiming to alleviate the burden of high federal-level property taxes and provide relief to those who have been grappling with property tax payments. To qualify for the rebate, taxpayers must have both owned and resided in a Montana home for a minimum of seven months during the year 2022. This rebate is equivalent to the property taxes paid for residing in Montana throughout 2022.
Obtaining the 2023 Property Tax Rebate in Montana
If you meet the eligibility criteria for the property tax rebate, there are a couple of avenues through which you can successfully claim it in Montana for the year 2023. The recommended approach is to initiate the process either via the online portal at getmyrebate.mt.gov or by utilizing the traditional paper form method. Opting for the online route is generally the swiftest way to secure the rebate, streamlining the procedure for Montana residents. To ensure compliance with the application deadline of October 1st, it’s crucial that applicants submit their materials in a timely manner.
When filling out the application, it’s imperative to provide essential details including a physical address, the corresponding geocode, and the precise amount of property taxes that were disbursed in the course of 2022, as indicated on the property tax bill. Additionally, the application necessitates furnishing the names and social security numbers of all individuals who share the same residency, irrespective of age, encompassing the spouse as well as any dependents.
In order to facilitate this process and assist taxpayers in collating the requisite information, the Department of Revenue has crafted an assortment of helpful tools accessible on their official website. Notably, there exists a comprehensive instructional video elucidating the steps to locate a property’s specific geocode.
Within the application framework, taxpayers are afforded the option to receive their property tax rebate through direct deposit into their bank account or to have it dispatched via mail in the form of a physical check. Anticipating the following year, 2024, the property tax rebate program is slated to reoccur under analogous conditions to the 2023 iteration, extending the same $675 rebate amount to eligible recipients.
Can I apply for the property tax rebate if I just purchased a Montana home?
Yes, you can apply for a property tax rebate if you have just purchased a home in Montana. However, there are certain conditions to be met.
The Property Tax Rebate in Montana is a rebate of up to $675 per year of property taxes paid on a principal residence. The rebate applies to property taxes paid for a particular tax year, and each year’s rebate must be claimed separately.
To qualify for the rebate, you must be a Montana taxpayer who, in the claim year, was billed and paid property taxes on your principal residence.