Montana Code 15-6-305. 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.
Terms Used In Montana Code 15-6-305
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
- Property: means real and personal property. See Montana Code 1-1-205
- Qualifying income: means :
(a)the federal adjusted gross income excluding capital and income losses of an applicant and the applicant's spouse as calculated on the Montana income tax return for the prior year;
(b)for assistance under 15-6-311, the federal adjusted gross income excluding capital and income losses of an applicant as calculated on the Montana income tax return for the prior tax year; or
(c)for an applicant who is not required to file a Montana income tax return, the income determined using available income information. See Montana Code 15-6-301
(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% |