Montana homeowners have a unique opportunity to pocket up to $675 thanks to the state’s new property tax rebate program for 2024. The program aims to help homeowners offset property taxes paid in 2023, a welcome relief amidst rising costs of living. Here’s a simple breakdown of how you can apply, who qualifies, and when you can expect to get paid.
Who’s Eligible?
If you owned and lived in a home in Montana for at least seven months during 2023, you might qualify for the rebate. Eligible properties include single-family homes, condos, and even mobile homes. However, if your property is owned under an LLC, entity, or irrevocable trust, it’s not eligible for the rebate.
You’ll also need proof of property tax payments made during the year and a valid Social Security Number (SSN) or Tax Identification Number (TIN). Don’t forget to have your property’s geographic code handy to confirm it’s in Montana.
How to Apply
The application window opened on August 15, 2024, and closed on October 1, 2024. Applications could be submitted online through the Montana Department of Revenue’s TransAction Portal, which processed requests within 30 days. Those who submitted paper applications faced a longer wait time, up to 90 days.
Although the deadline has passed for 2024, staying informed about similar programs can help you take advantage of future opportunities.
How Much Will You Get?
The rebate covers up to $675 of property taxes paid. If your total property tax was less than $675, you’d receive a rebate for the exact amount you paid. Payments are issued as checks sent through the mail, so make sure your address on file is accurate.
What’s Next?
For those who applied on time, rebates will be mailed once applications are processed. It’s worth noting that only one rebate is allowed per household, even if there are multiple eligible homeowners.
Montana’s property tax rebate program is a great example of how states are working to support residents financially. If you missed out this year, keep an eye out for similar opportunities in the future. For official updates, visit the Montana Department of Revenue’s website.
