Montana Governor Greg Gianforte has approved a $675 Homeowner Tax Rebate for 2024 to help mitigate the rising cost of living exacerbated by the COVID-19 pandemic and the ongoing conflict in Ukraine. As expenses have increased while real wages have stagnated, low-income households have faced significant financial strain. By supporting House Bills 222 and 816, Governor Gianforte aims to alleviate some of this burden for Montanans struggling with their 2023 principal dwelling property taxes.
This rebate allows residents to recoup the property taxes they’ve paid, providing crucial financial relief during tough times. However, it’s important to note that the rebate is capped at $675; if a resident’s property tax payment exceeds this amount, they will only receive the maximum rebate of $675. While this cap may limit the benefits for those with higher property taxes, the rebate still represents substantial support for many households. This article outlines how to claim the rebate and details about the $675 Homeowner Tax Rebate for 2024.
Overview of the $675 Homeowner Tax Rebate 2024
The Montana Department of Revenue is preparing to launch the second phase of property tax rebates for eligible residents, which began in 2023. The online application portal for these rebates opened on August 15, 2024, attracting significant interest with 10,000 applications submitted. The rebate is available for primary residences, offering up to $675. To qualify, applicants must have owned and occupied a home in Montana for at least seven months in 2023 and have paid the appropriate property taxes.
It’s crucial to understand that properties owned by permanent trusts or companies are ineligible for the rebate. The program specifically reimburses up to $675 for property taxes on primary dwellings. Thus, applicants must be residents who have owned and lived in a Montana property for at least seven months during 2023 and have met their tax obligations.
Eligibility Criteria for the $675 Homeowner Tax Rebate 2024
To qualify for the $675 Homeowner Tax Rebate in 2024, applicants must meet the following criteria:
- Must have lived in Montana for at least seven months in 2023.
- Must have occupied the designated Montana home for at least seven months in 2023.
- Must have received property tax bills for this residence, including any special assessments.
- Must have made payments on the property taxes associated with this home.
Application Process and Timeline
Applications must be submitted to the Montana Department of Revenue by October 1, 2024. It's important to note that renters, entities, and irrevocable trusts do not qualify for the rebate.
Online applications are typically processed within 30 days, while paper applications may take up to 90 days. Claimants are advised not to contact the department for four weeks after submission.
Steps to Claim the $675 Homeowner Tax Rebate 2024:
- Visit the official website at mtrevenue.gov.
- Select “Apply Now For The Property Tax Rebate.”
- Enter your Social Security Number (SSN).
- Input your 17-digit Geocode.
- Submit the form after entering your initials.
Application Window:
Residents should submit their applications online between August 15 and October 1, 2024. The Montana Department of Revenue recommends online applications for quicker processing. Resources on the website can assist in locating important information like the property’s geocode. After processing, residents should allow at least four weeks for their rebate checks to arrive by mail, as direct deposit is not available.
FAQs
Who is eligible for the $675 Homeowner Tax Rebate?
Applicants must have lived in Montana for at least seven months in 2023, own their primary residence, and have paid property taxes. Renters and entities do not qualify.
How much is the rebate, and is there a cap?
The rebate provides up to $675, capped at that amount. If property taxes exceed this, only $675 will be reimbursed, offering partial relief for those with higher taxes.
When should applications be submitted?
Applications must be submitted online between August 15 and October 1, 2024, for timely processing.
How long does it take to receive the rebate?
Online applications are processed within 30 days, while paper applications may take up to 90 days. After processing, claimants should allow at least four weeks for their rebate check to arrive.
