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.

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.