Montana Property Tax Relief Program Deadline Extended to June 1
Montanans who missed the April 15 deadline to apply for property tax relief have a little more time to apply. The state has extended the deadline for the Montana Property Tax Relief Program to June 1. Extended deadlines for two property tax relief programs: the Property Tax Assistance Program (PTAP) and the Montana Disabled Veterans Assistance Program (MDV).
Montana Property Tax Relief Program Deadline Extension: How to Apply
On Monday, Governor Greg Gianforte announced that the deadline for Montana’s property tax relief program will be extended to June 1. The initial deadline was set for April 15, but has now been extended to give more time to homeowners facing significant tax hardship.
“Homeowners deserve relief because property taxes are too high,” the governor said in a statement. “We are pleased to announce that we are extending the deadline for eligible Montanans to apply for relief programs until June 1.”
Governor Gianforte said it is important to note that an extension is available to Montanans who have experienced significant difficulty meeting the original deadline.
To apply for the property tax relief program, Montana residents now have until June 1 to submit a form. The form is available online, but applicants must print the form and either mail or drop off the completed form at their local DOR field office.
PTAP and MDV Program Details
As noted above, the extension applies to PTAP and MDV relief programs.
To receive tax relief under PTAP, applicants must own a home in Montana, live in that home for at least seven months per year, and meet income requirements. Those eligible for relief may receive a 30%, 50% or 80% reduction in property taxes depending on their income.
For tax year 2024, relief is available to single filers with income of up to $27,621 (up to $37,019 for joint filers). The Montana Department of Revenue updates income guidelines annually to account for inflation.
During the 2023 legislative session, lawmakers expanded the program to provide relief up to the first $350,000 of a property’s value, compared to $200,000 previously. Additionally, market value figures are now adjusted annually for inflation.
Likewise, the MDV program also provides tax relief to homeowners, but only for veterans and their surviving spouses who are rated 100% disabled. Tax relief under MDV is available to single filers with income up to $59,554 ($68,705 for married couples and heads of households and $51,911 for surviving spouses).
In a biennial report, the Montana Department of Revenue found that in 2022, approximately 21,500 taxpayers would benefit from the low-income property tax assistance program, saving an average of $843. The report also found that in 2022, approximately 3,000 homeowners will benefit from the Disabled Veterans Program, saving an average of $1,963.
For more information about the program, including downloading the application, visit the Montana Department of Revenue website.