MT Property Tax Rebate (HB222)
What is the Property Tax Rebate?
The Property Tax Rebate is a rebate of up to $675 a year of property taxes paid on a principal residence. There is a rebate available for property taxes paid for the 2022 tax year and another rebate available for property taxes paid for the 2023 tax year.
How much is the Property Tax Rebate?
For each year, the rebate is the lesser of:
the actual amount of property tax you paid for your principal Montana residence, or
$675.
The 2022 Property Tax Rebate is a rebate of property taxes assessed and paid on the bill that had the first-half payment due in November 2022 and the second-half payment due in May 2023.
The 2023 Property Tax Rebate is a rebate of property taxes assessed and paid on the bill that had the first-half payment due in November 2023 and the second-half payment due in May 2024.
What are the qualifications?
You qualify for a Property Tax Rebate if you:
owned a Montana residence for at least seven months,
lived in this Montana residence for at least seven months,
had property taxes, including special assessments and other fees, billed on this residence, and
paid those property taxes on this residence.
The types of principal residences that qualify include single-family homes, apartments, condominiums, trailers, manufactured homes, and mobile homes, and the surrounding land, not exceeding one acre. Property owned by an entity, such as an LLC or a corporation, is not eligible for the rebate. If your property is owned by an entity, do not complete or file a rebate claim.
How do I claim a rebate?
Taxpayers may claim the 2022 rebate online through our TransAction Portal or by paper form beginning August 15, 2023. The claim must be filed by October 1, 2023.
You will need the following items to file a claim for your rebate:
the physical address of your principal residence
the Geocode of your principal residence (A Geocode is a 17-digit number that identifies your property. You can find your Geocode on your property tax assessment or using the State Law Library’s Montana Cadastral website at http://svc.mt.gov/msl/mtcadastral.)
the amount of property taxes paid as reflected on the principal residence’s property tax bill
the names and Social Security Numbers of you, your spouse, and your dependents as reflected on your Montana Form 2 or federal Form 1040
the Letter ID from the notice we mail to you each year (if available)
the mailing address or bank account routing and account number of where you would like your rebate to be sent
When will I receive my rebate?
We will issue rebates as claims are processed.
Taxpayers may begin submitting claims for the 2022 Property Tax Rebate on August 15, 2023.
All claims for the 2022 Property Tax Rebates must be submitted on or before October 1, 2023. If a paper claim form is being submitted, it must be postmarked by October 1, 2023 in order to be considered for the Property Tax Rebate.
You can designate how and where you’d like your rebate to be sent when you file your claim.
Do I need to submit a separate claim for the 2023 rebate?
You will be required to submit a new claim for the 2023 Property Tax Rebate during calendar year 2024 using the information on your 2023 property tax bill. The qualifications for the 2023 Property Tax Rebate are the same as those for the 2022 Property Tax Rebate.
Taxpayers may claim the 2023 rebate online through our TransAction Portal or by paper form beginning August 15, 2024. The claim must be filed by October 1, 2024.
Is my rebate subject to Montana or federal income tax?
Your rebate is not subject to Montana income tax.
The federal taxability of the rebate is under IRS review, and we will have more information soon.
Will my rebate be offset?
If you have an outstanding obligation with the state, your approved rebate amount will first be used to offset this obligation. Any remaining rebate amount will be sent to you after the obligation is paid.