Summary
Montana residents have until March 1 to apply for the 2026 Homestead Reduced Rate on property taxes. This rate helps homeowners and long-term rental owners pay less in taxes on their primary residences. The initiative was introduced as part of a promise to lower property taxes without major reforms.
Key Facts
- Montana homeowners can apply for lower property taxes for 2026 if they act by March 1.
- The tax break applies to primary homes and long-term rentals.
- The initiative was announced by Montana Governor Greg Gianforte, a Republican.
- House Bill 231, introduced last year, supports lower taxes on modest homes while increasing taxes on more expensive properties.
- A related bill, Senate Bill 542, is currently facing a legal challenge in Montana.
- To qualify, homeowners need to live in their homes for at least seven months in 2026.
- Around 230,000 primary residences in Montana are already signed up for these tax rates due to previous rebates.
