Stimulus Update Montana Residents Can Apply for $675 Tax Rebate

Application Process:

• The online portal for rebate applications was launched last week.
• Eligible residents can either apply through this online portal or submit a paper form.

Rebate Amount and Restrictions:

• The rebate’s value is determined by the amount of property taxes an individual has paid for their primary Montana residence, with a cap set at $675.
• Only one rebate is permitted per household.

Eligibility Criteria:

• To qualify, a taxpayer must have owned and resided in a Montana property for a minimum of seven months.
• Additionally, they should have been invoiced for and made payments towards the property taxes for that residence.

Government’s Stance on Property Taxes:

• “Property taxes are excessively high, prompting us to prioritize and ensure immediate property tax relief for Montanans during this legislative session. Our next step is to focus on reforms that will alleviate the property tax burden in the long run,” commented Governor Greg Gianforte (R-MT) in a statement released in July.

Rebate Disbursement:

• Those who apply online can expect their rebate within 30 days of application.
• However, if applying via paper form, the rebate might take up to 90 days to process and disburse.

Future Rebates:

• Montana has announced that a similar rebate will be accessible to its residents in 2024, which will be based on the tax year 2023.
• The current rebate distribution pertains to the tax year 2022.