Market Watch
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Tax Relief Programs in Montana
Posted on September 19, 2024Montana Property Tax Relief Programs
Property taxes keep climbing but there is some possible relief in sight! There are multiple Tax Relief Programs you may be eligible for!
Property Tax Assistance Program (PTAP)
You may be eligible for PTAP if you meet the following criteria*:
- Own or currently be under a contract to purchase a home or mobile/manufactured home
- Live in the home as your primary residence for at least seven months of the year
- Have a 2022 Federal Adjusted Gross Income (FAGI), excluding capital and income losses, less than:
-
- Single: $27,621
- Married or Head of Household: $37,019
*Additional terms may apply for eligibility. View all requirements here.
Montana Disabled Veterans Assistance Program (MDV)
You may be eligible for MDV if you meet the following criteria*:
- You are a current Montana homeowner, or are under contract to purchase a home in Montana
- You have lived in your home for a minimum of seven months
- You can provide a letter from the U.S. Department of Veterans Affairs as proof of a 100% service-related disability
*Additional terms may apply for eligibility. View all requirements here.
Elderly Homeowner/Renter Credit (EHRC)
You may be eligible for EHRC if you meet the following criteria*:
- You are at least 62 years of age
- You have lived in the state of Montana for at least nine months
- You have rented or owned a Montana residence for at least six months
*Additional terms may apply for eligibility. View all requirements here.
Land Value Property Tax Assistance Program (LVPTAP)
You may be eligible for LVPTAP if you meet the following criteria*:
- The value of your home is much lower than the value of the land on which it resides
- The land on which your home resides has been owned by your family for a minimum of 30 years
- Your home resides on five acres of land or less
*Additional terms may apply for eligibility. View all requirements here.
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