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Montana

You may be eligible to receive money back

Homeowners and renters are missing out on millions of dollars in tax relief.  Use the resources below to learn more.

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Montana Program Overview

Property Tax-Aide features the Elderly Homewoner/Renter Credit (Circuit Breaker) and the Property Tax Assistance Program (PTAP).

Elderly Homeowner / Renter Credit (Circuit Breaker)

The program provides a refundable credit for individuals 62 or older for a portion of their property taxes or rent paid in relation to their income. Property taxes are assumed to be 15% of rent payments. The maximum credit granted may not exceed $1,150.

Eligibility

You are eligible for this credit if, during the year for which you are claiming the credit, you:
  • Are 62 years of age or older as of December 31,
  • Lived in Montana for at least nine months,
  • Rented, owned, or leased a home in Montana for at least six months, and
  • Have a total household income less than $45,000

Application Deadline

The due date for filing a Montana income tax return is extended to April 18, 2023.

Required Documentation

To qualify in Tax Year 2024, you must:
  • Own or currently be under a contract to purchase a home or mobile/manufactured home
  • Live in the home as your primary residence for at least seven months of the year
  • Have a 2022 Federal Adjusted Gross Income (FAGI), excluding capital and income losses, less than: Single: $27,621, Married or Head of Household: $37,019
  • Include your spouse's income in your 2022 FAGI regardless of whether they are a co-owner of the home.

Contact Details

For more information about this program, visit the Montana Elderly Homeowner/Renter Credit Program webpage

Property Tax Assistance Program (PTAP)

The Property Tax Assistance Program helps citizens on a fixed or limited income by reducing the property tax rate on their home. The PTAP benefit only applies to the first $350,000 of your primary residence’s market value. Your income and marriage status determine the reduction. For those in the lowest income bracket, up to $13,590 if single or $18,310 if married or filing as head of household, taxes are reduced 80%. Those with income between $18,581 and $27,621, if single, or $27,668 and $37,019 if married or filing as head of household, the reduction is 30%. For those in between these two brackets, the reduction is 50%.

Eligibility

To qualify in Tax Year 2024, you must:
  • Own or currently be under a contract to purchase a home or mobile/manufactured home
  • Live in the home as your primary residence for at least seven months of the year
  • • Have a 2022 Federal Adjusted Gross Income (FAGI), excluding capital and income losses, less than: Single: $27,621, Married or Head of Household: $37,019
  • Include your spouse's income in your 2022 FAGI regardless of whether they are a co-owner of the home.

Application Deadline

  • Application must be delivered or postmarked by April 15. If you miss the deadline, apply as soon as possible to ensure you are included in the program’s verification process for the following tax year.
  • Once you have applied for the program, the state will notify you each year whether you qualify. You will be included in the program’s annual income verification until you move from residence.

Required Documentation

  • Return your completed application Form PTAP to your field office.
  • If you are a new Montana resident, include a copy of your 2022 federal income tax return with your completed application.
  • If your only income is from social security, veterans’ benefits and/or other nontaxable sources, include a copy of your social security statement and/or other income documentation with your completed application

Contact Details

For questions about this program, call the Montana Department of Revenue at (406) 444-6900 or Montana Relay at 711 for the hearing impaired, or visit www.MTRevenue.gov or the Property Tax Assistance Program Information page

Return completed application to your field office location.

Property Tax-Aide has independently selected the property tax relief programs featured on this website that we think are the most relevant and beneficial to older adults. It is not an exhaustive list of all property tax relief programs available in each state. Please consult your local tax agency for a comprehensive listing of property tax relief programs in your area.

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