Montana residents who owned residential property in 2022 will be eligible to receive a property tax rebate of up to $675. The payments will be distributed in August 2023, and the deadline to file a claim is October 1, 2023.
To be eligible, residents must have owned residential property in Montana on January 1, 2023, and must have filed their 2022 state tax return by April 15, 2023. The rebate amount will be based on the property’s assessed value, and the maximum rebate of $675 is available for properties with an assessed value of $250,000 or less.
This is the second round of property tax rebates Montana residents have received in the past year. In August 2022, the state distributed up to $500 rebates to residents who owned residential property in 2021.
The state government is using the property tax rebates to help offset thMontana’s rising cost of livingThe cost of living in Montana has increased by 5.3% in the past year, according to the Bureau of Labor Statistics.
The property tax rebates are one of several measures that the state government has taken to help Montana residents cope with the rising cost of living. The state has also increased the minimum wage, expanded Medicaid, and provided tax breaks for low-income families.