Montana HB154 proposes a housing fairness property tax credit for eligible residents.
Montana HB154 establishes a housing fairness property tax credit for eligible residents. To qualify, individuals must have resided in Montana for at least 9 months of the tax year, occupied a qualified residence as an owner or renter, and have a household income below $150,000. The credit is calculated based on property tax billed or rent-equivalent property tax paid, minus a threshold amount determined by household income. The bill also outlines procedures for filing claims, objections to property valuations, and the role of the department in reviewing and adjusting valuations.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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