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Request for Informal Classification and Appraisal Review AB-26 V7 06/2023 15-7-102, MCA Clear Form Submit this request to the Department of Revenue field office address shown on your classification.

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How to fill out the Request For Informal Review online

This guide provides a clear and supportive overview for users on how to complete the Request For Informal Review online. Whether you have previous experience or are new to the process, this step-by-step guide will assist you in navigating the form efficiently.

Follow the steps to complete your Request For Informal Review.

  1. Press the ‘Get Form’ button to access the Request For Informal Review. This will open the form in the online editor, allowing you to begin filling it out.
  2. In Part I, enter your required information. Provide your property owner's name, mailing address, and property address. Make sure to include the county and geocode number, which can be found on your classification and appraisal notice.
  3. Select the type of property you are reviewing by checking the appropriate box — options include residential, commercial, industrial, and more.
  4. In Part II, clearly state your reasons for requesting an informal classification and appraisal review. Be specific about any discrepancies in property characteristics, such as size or condition.
  5. If you wish to be present during the property inspection, check the 'Yes' box. Otherwise, mark 'No.'
  6. Sign and date the form in the designated area to confirm your request. If someone is submitting the form for you, they must also provide their contact information and sign.
  7. Complete Part III by entering the current assessed value as shown on your classification notice, along with your estimated property value if you believe it differs from the assessment.
  8. If you possess any supporting documentation, check the applicable boxes in Part III to indicate what you are including with your application.
  9. For additional information packets, complete Part V by checking the appropriate option for how you prefer to receive the information.
  10. If you are requesting additional data on sales or land model data, fill out the corresponding parts and include the necessary confidentiality agreements as required.
  11. Finally, review all entries for accuracy. Once confirmed, save your changes and proceed to download, print, or share the completed form.

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A property's taxable value is the market value multiplied by the tax (or assessment) rate. For residential property, the tax rate is 1.35% and for commercial property, the tax rate is 1.89%. Annual Property Tax Changes - Montana Department of Revenue mtrevenue.gov https://mtrevenue.gov › resources › citizen › annual-pro... mtrevenue.gov https://mtrevenue.gov › resources › citizen › annual-pro...

Montana has relatively low taxes on residential real estate. The state's average effective property tax rate is 0.74%, well below the U.S. average, which currently stands at 0.99%. In part, rates in Montana are low because the system is structured to reduce the burden on homeowners.

Property Tax Rebate Amount Each rebate is $675 or an amount not to exceed the property taxes on a principal Montana residence for each year. For example, if a taxpayer owes $425 in property taxes on a principal Montana residence in 2022, he or she would receive a $425 rebate.

The Property Tax Rebate is a rebate of up to $675 per year of property taxes paid on a principal residence. There is a rebate available for property taxes paid for Tax Year 2022 and another rebate available for property taxes paid for Tax Year 2023. Property Tax Rebate - Montana Department of Revenue mtrevenue.gov https://mtrevenue.gov › property-tax-rebate-house-bill-222 mtrevenue.gov https://mtrevenue.gov › property-tax-rebate-house-bill-222

Montana has a graduated individual income tax, with rates ranging from 1.00 percent to 6.75 percent. Montana has a 6.75 percent corporate income tax rate. Montana does not have a state sales tax and does not levy local sales taxes. Montana's tax system ranks 5th overall on our 2023 State Business Tax Climate Index.

Now, Montana homeowners are eligible for property tax relief for the first $350,000 of their home's market value. The bill also reformed the programs to increase income limits and automatically adjust them for inflation after each reappraisal cycle.

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