Two New Montana Laws Offer Property Tax Relief

Montana homeowners could see immediate and long-term property tax relief under two measures passed by the Legislature this year.

Senate Bill 542, sponsored by Sen. Wylie Galt, R-Martinsdale, creates a tiered tax rate system to reduce costs for homeowners, small businesses, farms, and ranches beginning in 2025. The law also provides a one-time property tax rebate of up to $400 this year for qualifying residents, based on property taxes paid in 2024.

To apply, residents must provide their physical address, property geocode, the amount of taxes paid, and Social Security numbers for themselves and any spouse. The Montana Department of Revenue has posted application tools and a geocode tutorial video at getmyrebate.mt.gov, where claims can also be tracked.

Homeowners who receive a rebate in 2025 may automatically be enrolled in the Homestead Rate for 2026, as long as they remain in the same primary residence. Established under House Bill 231, carried by Rep. Llew Jones, R-Conrad, the Homestead Rate offers a lower property tax rate for primary residences and long-term rentals.

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Those not automatically enrolled must apply for the Homestead Rate between Dec. 1, 2025, and March 1, 2026, through the Department of Revenue. More details are available at homestead.mt.gov.