Nationwide, Montana ranks 31st for its effective property tax rate of 0.86 percent. We serve the people of Montana and are here to help you through this time of crisis. Any and all information displayed is 'public information'. , Both State and Local Governments Play a Role in Assessing Property Taxes.  In 2016, over 22,000 property taxpayers received assistance through PTAP, nearly a threefold increase since 2006. To see how other agencies have been impacted by COVID-19 go to COVID19.mt.gov.  Each taxing jurisdiction – county, city, or school district – uses these values to calculate property taxes.  In 2015, 12,733 Montana seniors with income tax liability received the Elderly Homeowner/Renter Credit. But it is a very … In total, the state imposes five different mill levies totaling 101 mills. We support all of Montana and we provide our services to residential and commercial property tax … The national median is 1.04 percent. The Montana property tax system provides support for local public services, including funding for schools, roads, and other infrastructure. This tool compares the tax brackets for single individuals in each state. Property Classes. If you need help working with the department or figuring out our audit, appeals, or relief processes, the Taxpayer Advocate can help. The bill, as originally proposed, would have protected all types of property. Stimulus payments are being issued by the IRS. The Montana property tax system plays an integral role in providing support for local schools, roads, and other infrastructure. While Montana’s local governments and schools rely heavily on property tax for needed revenue, Montana’s effective tax rate for property tax is lower than the national average. A mill levy is a tax rate per thousand dollars of taxable value of property. The reappraisal process formerly occurred every six years; however, tax year 2015 began the first year of a two-year appraisal cycle for residential, commercial, industrial, and agricultural property. Use this tool to compare the state income taxes in Montana and California, or any other pair of states. • Copyright © 2021 — Montana Department of Revenue • All rights reserved. State and local mill levies are applied to the taxable value to determine the amount of property taxes owed. Centrally Assessed and Industrial Property, COVID-19 Federal Stimulus Payments to Individuals are Tax-Free, Individual Income Tax Deadline Extended to July 15, Public Targeted in COVID-19 Stimulus Scam, How to Reschedule an Individual Income Tax Payment, Paycheck Protection Program (PPP) Tax and Deduction Clarifications, Net Operating Loss Changes Due to COVID-19, Nonuse During COVID-19 Fact Sheet (PDF, 123 KB), Phase 2 Guidelines for Bars and Restaurants, Phase 1 Guidelines for Bars and Restaurants, Temporary Process Modifications Due to COVID-19, Revenue Distribution to Local and Tribal Governments. In 2020, Montana ranked 26th, in 2019 Montana …  This difference, however, is due to the fact that Montana does not have a sales tax like most other states. Each property within a class is valued in the same manner. County governments are responsible for collecting property taxes and distributing the appropriate portion of those taxes to the state, cities, school districts, and other taxing jurisdictions. State Budget Cuts Put Strain on Property Assessment Process, The 2017 legislative session resulted in deep cuts to nearly all state agencies, including the Department of Revenue. As a result, local revenue remains constant, but the obligation to support local government functions shifts to homeowners and other property owners. Promoting rural broadband with tax breaks. Land owned collectively by the tribe, as well as land allotted to individual tribal members in accordance with the General Allotment Act of 1887, is called trust land and is held in trust for tribes by the federal government.  Centrally assessed property is property owned by a company operating as a single entity and connected across county or state borders. In 1987, Montana had 20 classes of property subject to taxation, including 5 classes of personal property. In addition to the state mills, local cities and counties apply mill levies to the property within their jurisdiction to help fund local government operations. VP, Strategic Tax. Box 200901 z Helena, MT 59620-0901 z (406) 841-5200 1 Updated: June 19, 2012 ALTERNATING CURRENT TRANSMISSION LINES The passed-through property taxes paid by renters tend to represent a higher share of their income than for wealthy taxpayers. The exact property tax levied depends on the county in Montana the property is located in. $24.4 billion $20.9 billion $101.6 billion $4.2 billion. Class 12 - Real and personal property of railroads, railroad car companies, and airlines recalculated each year (3.88% for tax year 2003, ) MCA 15-6-145 ; Class 13 - Real & personal property of telecommunication utilities and the electric generating property of electric utilities (6%) (Pulled directly from - Montana … Residential property owners pay a greater share of property taxes, in part, because the legislature has cut the tax rates on other property classes. Suite T. Kalispell, MT 59901 (406) 758-5680 (406) 758-5864 TAX SUPERVISOR: If you have been impacted by COVID-19 and are facing hardships, we will work with you to find a solution. The property must be the taxpayer’s primary residence, and a taxpayer qualifies if he or she is a veteran honorably discharged and paid at the 100 percent disabled rate for a service-connected disability. taxed at seven times the Class 3 tax rate, or 15.12 percent for 2018. Montana State Taxes 2020 – 2021 * Montana State Taxes: Personal Income, Excise, Sales, Property, Corporate, Severance, Inheritance Taxes. Where Property Taxes Come From $995 $313 $345 $278 $0 $200 $400 $600 $800 $1,000 Residential Commercial Elect Utility & Telecomm All Other The total amount of property taxes levied in Montana in TY 2018 was $1.9 billion. A tax rate, set by the legislature, is applied to the taxable market value to determine the taxable value of the property. 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