APPLICATIONS will soon open up for annual property tax rebates of up to $1,350.
Montana residents can begin submitting property tax rebate applications for 2022 on August 15.
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The rebate is either $675 or a smaller amount that the taxpayer owes in property taxes on their primary residence.
For instance, if the resident owes $500, they would get that amount, not $675.
Yet, if they owe $675 or more, they can claim a maximum $675 payment.
The funds come from a $280million bill signed into law by Governor Greg Gianforte earlier this summer.
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To qualify, residents must have owned and lived in the residence for at least seven months in 2022.
Additionally, they must have a property tax bill, which they paid.
The home must also be in the recipients' name, not owned by a separate entity like a Limited Liability Company or corporation.
Those eligible should have either received a notification letter in June.
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If they haven't, they may still get the notification this month.
Even if they receive the notification, residents still must apply to confirm they are eligible.
Payments are sent as checks on a first come first serve basis, with those applying earlier in-line to receive it sooner.
To apply, residents can submit their information on the state's TransAction Portal.
They can also apply by paper form.
The state will accept applications until October 1.
2023 APPLICATIONS OPENING DATE
Additionally, the state announced residents can begin submitting their 2023 property tax rebate applications on August 15, 2024.
The eligibility requirements will be unchanged for the 2023 rebate.
As with the 2022 payment, the 2023 payments will be sent out on a first-come first-serve basis.
Those eligible for the maximum payment for both years are in line for $1,350 in total rebates.
You can learn more about the rebates here.
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