2021 Montana Code Annotated
Title 15. Taxation
Chapter 6. Property Subject to Taxation
Part 3. Property Tax Assistance
15-6-305. Property tax assistance program -- fixed or limited income
15-6-305. Property tax assistance program -- fixed or limited income. (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 $200,000 in appraisal 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 - $8,413 | $0 - $11,217 | 20% |
| $8,414 - $12,900 | $11,218 - $19,630 | 50% |
| $12,901 - $21,032 | $19,631 - $28,043 | 70% |
(3) 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.
