Montana § 15-6-305 Property Tax Assistance Program -- Fixed Or Limited Income -- Inflation Adjustments

Montana Statutes

§ 15-6-305 — Property Tax Assistance Program -- Fixed Or Limited Income -- Inflation Adjustments

Montana § 15-6-305

Title 15TAXATION

Ch. 6PROPERTY SUBJECT TO TAXATION

Part 3Property Tax Assistance

This text of Montana § 15-6-305 (Property Tax Assistance Program -- Fixed Or Limited Income -- Inflation Adjustments) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 15-6-305 (2026).

Text

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 .

(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:

(3)The market value in subsection (2) must be adjusted after each reappraisal cycle provided for in 15-7-111 using an inflation index based on the change in appraised value of

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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 .
(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:
(3) The market value in subsection (2) must be adjusted after each reappraisal cycle provided for in 15-7-111 using an inflation index based on the change in appraised value of a median value of residential real property participating in the property tax assistance program.
(4) The qualifying income levels contained in subsection (2) must be adjusted annually using the PCE inflation factor defined in 15-6-301 , rounded to the nearest whole dollar amount. If the adjustment results in a decrease in qualifying income levels from the previous year, the qualifying income levels must remain the same for that year.