If you’re a Montana resident and have paid property taxes in 2023, you’re in luck! A new property tax rebate program offers a rebate of up to $675 for eligible homeowners. However, time is running out, as the application deadline is fast approaching on October 1, 2024. Missing this deadline means you won’t be able to claim this much-needed financial relief. Let’s walk through everything you need to know to secure this rebate.
Rebate
The $675 rebate is part of a property tax relief program created by the Montana state government. This stimulus aims to provide relief to homeowners who may be feeling the pinch due to rising property taxes and the overall cost of living.
The rebate is available for those who paid property taxes on their primary residence for at least seven months in 2023. The exact amount you’ll receive depends on how much property tax you paid, with the rebate capped at $675.
Eligibility
Eligibility for this rebate program is restricted to Montana homeowners who meet a few key criteria. Here’s a breakdown of who can apply:
- Homeowners: Whether you own a single-family home, apartment, condo, mobile home, trailer, or prefabricated home, you can apply as long as the property is your primary residence.
- Ownership Duration: You must have owned your home for at least seven months during the 2023 fiscal year.
- Primary Residence: The home must have served as your primary residence throughout the period.
- Paid Property Taxes: You must have paid property taxes for the fiscal year 2023.
Even if the applicant has passed away, their estate or trust can still apply for the rebate as long as the property taxes were paid. Trust grantors and beneficiaries of revocable trusts may also qualify if they meet the other eligibility criteria.
How to Apply
The application window for the rebate opened on August 15, 2024, and will close on October 1, 2024. It’s essential to submit your application before the deadline, as no extensions will be granted.
Here’s how you can apply:
- Visit the Montana Department of Revenue’s website: Head over to their official site to access the application form.
- Download the correct form: Make sure to download and complete form MPTR23. Using an outdated form, like MPTR22, will result in your application being rejected.
- Submit your application: Once you’ve filled out the form with all the necessary information, submit it as instructed. The Department of Revenue will review your application and confirm if you’re eligible for the rebate.
After submitting your application, the review process could take a few weeks, so the earlier you apply, the sooner you can expect your rebate.
Requirements
To make sure your application is successful, you’ll need to meet specific requirements, including:
- Montana Residency: The property must be located in Montana and serve as your primary residence.
- Minimum Ownership: You must have owned the home for at least seven months in 2023.
- Property Taxes Paid: The property taxes must have been billed and paid for the 2023 fiscal year.
- Social Security Number: You’ll need to provide a valid Social Security Number for identity verification.
- Geographic Code: A geographic code of your property is required to confirm that it falls within Montana’s boundaries.
Remember, the rebate can also be claimed on behalf of deceased individuals, as long as all other requirements are met.
Deadline
If you meet the eligibility criteria, it’s crucial to act fast, as the October 1, 2024 deadline is just around the corner. With no extensions granted, missing this deadline means missing out on up to $675 in financial relief.
For homeowners who qualify, this rebate could help ease the financial pressure of rising property taxes. So, make sure you gather all the necessary documents, fill out your form, and submit your application as soon as possible.
FAQs
How much can I get from the Montana property tax rebate?
Eligible homeowners can receive up to $675, depending on the amount of property tax paid.
Who qualifies for the $675 rebate in Montana?
Montana homeowners who owned their primary residence for at least seven months in 2023 and paid property taxes.
When is the deadline for applying for the rebate?
The application deadline is October 1, 2024.
How do I apply for the rebate?
You must submit form MPTR23 through the Montana Department of Revenue’s website.
Can someone apply on behalf of a deceased person?
Yes, as long as the property taxes were paid, and other eligibility criteria are met.
