Montana Code Annotated 2023



Part 3. Property Tax Assistance

Property Tax Assistance Program -- Fixed Or Limited Income -- Inflation Adjustments

15-6-305. Property tax assistance program -- fixed or limited income -- inflation adjustments. (1) There is a property tax assistance program that provides graduated levels of tax assistance for the purpose of assisting citizens with limited or fixed incomes. To be eligible for the program, applicants must meet the requirements of 15-6-302.

(2) The first $350,000 in market value of residential real property qualifying for the property tax assistance program is taxed at the rates established by 15-6-134 multiplied by a percentage figure based on the applicant's qualifying income determined from the following table:

Income Income Percentage
Single Person Married Couple Multiplier
Head of Household
$0 - $13,590 $0 - $18,310 20%
$13,591 - $18,580 $18,311 - $27,667 50%
$18,581 - $27,621 $27,668 - $37,019 70%

(3) The market value in subsection (2) must be adjusted after each reappraisal cycle provided for in 15-7-111 using an inflation index based on the change in appraised value of a median value of residential real property participating in the property tax assistance program.

(4) The qualifying income levels contained in subsection (2) must be adjusted annually using the PCE inflation factor defined in 15-6-301, rounded to the nearest whole dollar amount. If the adjustment results in a decrease in qualifying income levels from the previous year, the qualifying income levels must remain the same for that year.

History: En. Sec. 12, Ch. 361, L. 2015; amd. Sec. 3, Ch. 7, L. 2017; amd. Sec. 2, Ch. 510, L. 2021; amd. Sec. 2, Ch. 583, L. 2023.