How To Get a Montana Property Tax Exemption

Reducing Property Taxes How To Get a Montana Property Tax Exemption

Do You Qualify for a Montana Property Tax Exemption?

Are you looking for a way to lower your property taxes? You can try various methods to achieve this. The most efficient ones involve property tax exemptions and appeals.

Find out if you meet the criteria for a Montana property tax exemption with DoNotPay’s help! Our app can also assist you with appealing property tax assessments.

Crucial Info About Property Tax

People who own a home are familiar with the annual expense they need to pay in property taxes. This cost is a necessity because it funds schools, hospitals, libraries, and other important institutions needed for the state to function properly.

How much you have to pay in property taxes is based on various factors regarding your property—including its size and age, location, and neighborhood—all of which affect its assessed value and your property tax bill.

How Is Property Tax Calculated?

Besides the assessed value of your property, your property tax depends on the current property tax rate in your state or county. The number you see on your tax bill is reached by multiplying the value of your property by the tax rate in Montana, which currently sits at 0.83%.

Another important factor that plays a role in the calculation of your taxes is your eligibility for property tax exemptions. If you qualify for any tax exemptions, tax relief, or tax discounts, it will impact your annual tax bill and lower it significantly.

Ways To Lower Property Taxes

Even though property taxes are a constant expense, there are several ways you can reduce them:

  • Applying for property tax exemptions
  • Filing property tax appeals
  • Reporting any mistakes on your tax bill
  • Not renovating your house before the assessor visits and makes the evaluation because remodeling could lead to a higher assessment and higher taxes

The first two options are sure ways of lowering property taxes, and DoNotPay can help you with both!

What Montana Property Tax Exemptions Exist?

Citizens of Montana have several property tax exemptions available:

  • The disabled American veterans exemption
  • The elderly homeowner/renter credit
  • Abandoned mobile home tax exemption
  • Business incubator exemption
  • Temporary tribal tax exemption

The Disabled American Veterans Exemption

This exemption provides annual property tax relief for 100% disabled veterans. The disability needs to be service-connected and rated as a total disability by the U.S. Department

of Veterans Affairs. Surviving spouses of qualifying veterans have the right to use this exemption as well.

The Elderly Homeowner/Renter Credit

The Renter Credit for the elderly is a property tax refund administered via the income tax system. To qualify for this credit, the person needs to be 62 or older and have a household income of less than $45,000. They also need to have lived in Montana for at least nine months (six of which in the same house).

Abandoned Mobile Home Tax Exemption

This exemption can apply to an uninhabited abandoned mobile home that is no longer fit for humans to live in. The property should not be used for keeping livestock or any other productive use either. This house needs to have a separate assessment from the land it stands on to be eligible for the abandoned mobile home exemption.

Business Incubator Exemption

To meet the business incubator exemption requirements, a facility needs to share business services and assistance to help businesses succeed. You must get approval from the local government for this exemption.

Temporary Tribal Tax Exemption

Tribal lands have the right to use a temporary tax exemption if the United States Department of the Interior and Bureau of Indian Affairs decide the tribe’s request is complete. The tribe also needs to submit a Temporary Tribal Tax Exemption Application.

What You Should Know About the Montana Property Tax Relief

Montana has a Property Tax Assistance Program (PTAP) that helps residents with lower income reduce the property tax rates on their homes. This program applies solely to the first $200,000 of the primary residence’s market value. 

The reduction depends on the individual's income and marital status. Single and married people have different relief options. There are also other requirements that you need to meet to be eligible for PTAP. You need to:

  1. Own a mobile or manufactured house
  2. Be under a contract to buy mobile or manufactured home
  3. Reside in the house as your primary residence for at least seven months annually
  4. Have a Federal Adjusted Gross Income (FAGI)—without capital and income losses—not more than:
    • $19,625 (single persons)
    • $26,167 (head of the household or married persons)
  5. Make sure that your spouse’s income is a part of the FAGI, even if he or she is a co-owner of the home

DoNotPay Is the Way To Find Out Whether You Can Get a Property Tax Exemption

DoNotPay can help you see whether you are eligible for a property tax exemption in no time. We made the otherwise complicated process as simple as possible. You will know whether you meet the requirements for lowering your property taxes in a few clicks if you use our app.

Proceed as follows:

  1. Sign up for DoNotPay in any web browser
  2. Find and open the Property Tax feature
  3. Provide us with your personal info, such as your name and address
  4. Answer some questions about the property you own

Once you complete the simple questionnaire, you’ll know what property tax exemption you can apply for. DoNotPay will be there for this part of the process as well. We will help you by listing the necessary documents and explaining the application process.

If you wish to know more about states with low property taxes in case you plan on moving and purchasing a home elsewhere, you will find the following info useful:

Property Tax RateState

You can also find out everything about property tax exemptions for senior citizens, veterans, or people with disabilities in these states:

  1. Ohio
  2. North Carolina
  3. Florida
  4. California
  5. New Jersey

Use DoNotPay To File Property Tax Appeals Easily

In case you are looking for other ways to lower your property taxes in addition to property tax exemptions, you can try appealing property tax assessments. You may notice a mistake that a tax assessor made, in which case you’d need to file an appeal.

The good news is that DoNotPay can help you with this as well! You only need to open our app and find the Property Tax feature. We will assist you in collecting evidence and negotiating with the property tax assessor.

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