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What is the Elderly Homeowner/Renter Credit? The Elderly Homeowner/Renter Credit is a Montana income tax credit up to $1,150 for seniors who rent or own a home in Montana, even if they dont make any income.
(1) The elderly homeowner credit may be claimed by an eligible individual or, if an eligible individual dies before making a claim, by the personal representative of their estate, and must be made on Form 2EC, Montana Elderly Homeowner/Renter Credit.
The Montana property tax system supports local public services, including schools, roads, and other infrastructure. Residential property owners pay almost half of all property taxes. Every two years, the state undergoes a reappraisal process to update the property values for purposes of property taxes.
What is the Elderly Homeowner/Renter Credit? The Elderly Homeowner/Renter Credit is a Montana income tax credit up to $1,150 for seniors who rent or own a home in Montana, even if they dont make any income.
Property Tax Assistance Program (PTAP) will reduce your tax obligation if you meet the following income guidelines: $21,032 or less for a single person or $28,043 or less for a married couple.
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For Montanans who turned 62 or older in 2021, the Elderly Homeowner/Renter Tax Credit can bring up to $1,000.
You can qualify for this rebate if both of these are true: You owned and lived in a Montana property as your principal residence for at least seven months in 2022 and 2023. You were assessed and paid property taxes on the same residence for the 2022 and 2023 years.
Montana Homestead Exemption You must legally own and reside in the property as your principal residence to qualify. However, this exemption has no bearing on the accrual of Montana property taxes.
Use the appeal to County Tax Appeal Board form (MTAB-401) to file your appeal in your county for a County hearing. You may only file an appeal to MTAB after a county board has decided your appeal. Use the Appeal to MTAB form (MTAB-801) to appeal a decision of the County board hearing.
All property is taxable in Montana unless it is specifically exempted from taxation1. Personal property that is expensed or depreciated out for income tax purposes remains taxable for property tax purposes.

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