02/28/2026
March 20th is the new deadline for this application.
As always, reach out if you have any questions!
Deadline Extended!
Property Tax Relief for Homeowners
Reduced Property Tax Rate on Principal Residence/Long-term Rental property.
• March 20 is the deadline to apply for the Principal Residence (Homestead) classification. This classification is available to individuals, including purchasers under a contract for deed, grantors of trust indentures, and trustees of grantor revocable trusts.
• March 20 is the deadline to apply for Long-Term Rental classification. This classification is available to entities and individuals who own qualifying rental property, including purchasers under a contract for deed, grantors of trust indentures, trustees of grantor revocable trusts, and businesses that provide employee housing as part of an employee’s compensation.
• Qualifying properties receive a reduced property tax rate that follows a tiered structure:
o 0.76% on the first $378,000 of market value
o 0.90% on the portion between $378,001 and $756,000
o 1.10% on the portion between $756,001 and $1,511,999
o 1.90% on any portion over $1,512,000 or greater
Click the link below for more information on the qualifications and ways to claim the classification. https://revenue.mt.gov/property/property-tax-changes/enroll