TAX SEASON
$675 tax refund: In what state and who is eligible?
Montana is providing a tax refund for your property taxes, provided you are within the eligility criteria.
Montana homeowners have an opportunity to receive up to $675 in property tax rebates for the 2023 tax year. This initiative, part of a larger tax relief package signed by Governor Greg Gianforte, aims to provide financial assistance to residents facing rising property taxes.
Eligibility requirements
To qualify for the $675 property tax rebate, applicants must meet the following criteria:
- Own and live in a Montana residence for at least seven months of 2023
- The property must be the principal residence, including single-family homes, apartments, condominiums, trailers, manufactured homes, and mobile homes (with up to one acre of surrounding land)
- Have paid property taxes on the residence for the 2023 tax year
Only one rebate per household is allowed
Homes held in an LLC or corporation are not eligible
It’s important to note that if you paid less than $675 in property taxes for 2023, you’re eligible for a refund of your entire payment.
How to claim the rebate
Eligible homeowners can claim their rebate through two methods:
Online Application: Visit the Montana Department of Revenue’s TransAction Portal at getmyrebate.mt.gov This is the fastest way to receive your rebate, with processing times around 30 days, though is only possible from 15 August.
Paper Form: Download and complete the paper application form Processing time for paper applications is approximately 90 days
The application period for the property tax rebate runs from 15 August 2024, to 1 October, 2024.