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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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FAQ
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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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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.
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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
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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.
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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.
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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...
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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.
-
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.
-
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
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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.
-
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.
-
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...
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