This bill modifies Montana's property tax and school funding laws to lower property taxes while maintaining the current 95 school equalization mills. It establishes fixed amounts for state and county school equalization mills and vocational-technical education mills, and exempts school levies from certain tax rate limitations. The legislation also increases guaranteed tax base multipliers for 2026, adjusts reimbursement rates for school transportation, and requires the Department of Revenue and Office of Public Instruction to report on how property reappraisals affect school funding. Additionally, it updates reappraisal schedules for certain property classes and mandates that taxpayers receive information about property tax trends in annual notices.
This bill creates a property tax exemption for homeowners who modify their existing residential structures to add living space. It directly affects owners of class four residential property who make changes like expanding a building or altering its form. The exemption allows owners to exclude the lesser of the increase in market value caused by the modification or 15% of the property's prior year market value from their property tax calculation. The exemption is automatically granted by the department of revenue, but it cannot be claimed for properties built within the last three years, is limited to once every six years per property, and ends when the property is sold. The changes apply to tax years beginning after December 31, 2025.
This bill revises Montana's property tax laws to create lower tax rates for owner-occupied residential properties and long-term rentals, while also adjusting rates for certain commercial properties. It establishes specific eligibility requirements, such as requiring owners to live in a principal residence for at least seven months annually and rent out properties for at least 28 days per month over nine months of the year. The legislation includes an automatic qualification process for 2025 and 2026 for properties that previously received tax rebates, with a transition to a formal application system starting in 2027. Property owners must meet current tax payment requirements and can appeal decisions through a designated process outlined in the bill.
This Montana bill creates a one-time property tax rebate of up to $400 for homeowners who paid property taxes on their principal residence in 2024. The rebate is limited to the actual amount of taxes paid and applies to single-family homes, apartments, and manufactured homes where the taxpayer lived for at least seven months during the year. Eligible homeowners must submit claims between August 15 and October 1, 2025, by mail or online, and the rebate is not subject to Montana income tax. The bill also establishes penalties for false claims and allows appeals if a rebate application is denied.
This bill lowers property tax rates for agricultural land, residential properties, and commercial buildings in Montana to reduce the financial impact of recent property value reassessments. It directly affects farmers, homeowners, and business owners by reducing the percentage of their property's value that must be paid in taxes. The key changes include lowering the tax rate for agricultural land to 1.85% of its productive capacity value and reducing residential and commercial tax rates to 0.76% and 1.07% of market value, respectively. The legislation also clarifies how mixed-use properties are classified and taxed, ensuring that improvements on agricultural land are assessed separately from the land itself. These tax rate adjustments apply retroactively to tax years beginning after December 31, 2024, and the reappraisal cycle starting January 1, 2025.
This bill amends Montana's property tax laws to revise how government entities can increase property tax levies. It directly affects state and local taxing units such as school districts, counties, and municipalities that impose property taxes. The key provision allows entities to increase taxes by the prior year's assessed amount plus half of the average inflation rate over the previous three years, capped at 4% total growth. The bill also clarifies how newly taxable property is treated in calculations and establishes specific rules for tax increment financing districts.
This bill creates a property tax exemption for Montana homeowners aged 65 or older who have lived in their primary residence for at least five years. The exemption reduces the tax owed by the difference between the property's current market value and its value in the year the exemption was first approved. To qualify, the home must be a single-family dwelling of up to five acres, and owners must file an application by March 1 of each tax year. The exemption ends if the property is sold or undergoes significant construction or remodeling, though owners may reapply after such changes. The law applies to property tax years beginning after December 31, 2025.
This bill provides property tax assistance for law enforcement officers and firefighters who are injured in the line of duty, as well as for the surviving spouses of those killed in the line of duty. It establishes income-based tax rate reductions for the primary residences of eligible individuals, with lower income earners receiving greater percentage reductions on their property taxes. The legislation also expands the state's rulemaking authority to define eligibility requirements and implement annual income verification processes to ensure ongoing compliance with the program's criteria.
This bill modifies Montana's property tax system to allow for financial reimbursement between school districts when students from one district attend school in a neighboring district due to geographic barriers. It creates a process where a school district can petition the county superintendent for a reconciliation payment if an isolated pupil from a wealthier district attends their school, requiring a $100 processing fee and annual application. The bill also establishes that when school territory is transferred between districts, the taxable value of that land will be split between both districts for three years to maintain tax equity. Additionally, it provides a legal appeal process for districts that disagree with the county superintendent's determination regarding payment eligibility.
This bill updates Montana's disabled veteran property tax assistance program to include veterans rated between 60% and 90% disabled, in addition to those rated 100% disabled. It establishes income-based tax rate reductions for eligible veterans and their spouses, with higher assistance percentages for those with higher disability ratings. The legislation also introduces annual verification requirements to confirm eligibility each year based on income, disability status, and residency. These changes apply immediately and affect property tax calculations for qualifying veterans and surviving spouses in Montana.
