Governor Greg Gianforte has approved a $675 Homeowner Tax Rebate 2024 for Montana residents as the United States seeks to address the escalating cost of living exacerbated by the COVID-19 pandemic and the ongoing conflict in Ukraine. In recent years, expenses have surged while real wages have remained stagnant, resulting in a notable imbalance between income and living costs, with low-income families bearing the brunt of this situation. As a result, Governor Gianforte’s support for House Bills 222 and 816 offers essential assistance to Montanans who have incurred property taxes on their primary residences for the 2023 tax year. This initiative allows residents to reclaim the property taxes they have paid. However, it is important to note that the rebate is limited to a maximum of $675, therefore, if a resident’s property tax payment exceeds this amount, they will only receive the capped rebate of $675. In this article, a procedure for claiming this rebate and $675 Homeowner Tax Rebate Eligibility Criteria 2024 is discussed.
$675 Homeowner Tax Rebate 2024
To continue a relief program that began in 2023, the Montana Department of Revenue is getting ready to launch the second phase of property tax reimbursements for qualified citizens. The online application portal for these rebates became operational on 15 August 2024, and experienced a remarkable inrush of interest, with 10,000 applications submitted. The rebate offers up to $675 Homeowners Tax Rebate in 2024 paid on a primary residence. To be eligible, applicants must have owned and occupied a home in Montana for a minimum of seven months during 2023 and have paid the relevant property taxes. Real estate held by permanent trusts or companies is not eligible for a refund. A principal residence’s property taxes paid can receive a maximum reimbursement of $675 from the program. The applicant must be eligible if they have owned and inhabited a Montana property for a minimum of seven months in 2023, as well as if they have paid the applicable property taxes. This refund does not apply to properties held by irrevocable trusts or entities.
$675 Homeowner Tax Rebate Stimulus Payment 2024
| Program | $675 Homeowner Tax Rebate Stimulus Payment 2024 |
| Government | The federal government of the USA |
| Province | Montana |
| $675 Homeowner Tax Rebate Eligibility 2024 | Permanent Resident of the USA |
| Payment Amount | $675 |
| Year | 2024 |
| Category | Finance |
| Website | mtrevenue.gov |
What is the Eligibility for a $675 Homeowner Tax Rebate in 2024?
To be eligible, you must meet the $675 Homeowner Tax Rebate Eligibility Criteria 2024. The applicant needs to meet the requirements listed below:
- Maintained a minimum seven-month residency in Montana in 2023.
- Have spent at least seven months of 2023 living in this Montana House.
- Have received property tax bills, which may include special assessments and additional charges, for this residence.
- Have made payments for property taxes associated with this residence.
When Will You Receive $675 Homeowner Tax Rebate in 2024?
- The applicant must have paid and incurred property taxes during the minimum seven-month period of ownership and residency in a Montana property to be eligible for the rebate. Renters, entities, and irrevocable trusts are ineligible.
- Applications must be submitted to the Montana Department of Revenue by 1st October 2024. Submissions made online should be handled in 30 days, but claims submitted on paper could take as much as ninety days. Claimants are advised not to contact the department for four weeks after submission.
Process To Claim $675 Homeowner Tax Rebate 2024
Follow the process below to Claim $675 Homeowner Tax Rebate 2024.
- Visit the official website at mtrevenue.gov
- Click on ‘Apply Now For The Property Tax Rebate’ option.
- As the dashboard opens, fill in your SSN.
- Now, fill in your 17-digit Geocode.
- After filling in your initials, submit your form.
When To Apply For a $675 Homeowner Tax Rebate 2024?
- Residents are required to submit their applications for the rebate between 15th August and 1st October 2024. The Montana Department of Revenue recommends utilising online applications, as they are handled more swiftly and efficiently compared to paper submissions. The department’s website provides various resources to assist applicants, including tools to locate vital information such as the property’s geocode.
- For those opting to apply online, rebates are anticipated to be issued within a 30-day timeframe, whereas paper applications may take as long as 90 days for processing. Once processing is complete, residents should expect to wait a minimum of four weeks for their rebate checks to be delivered by mail, since direct deposit is not an available option.
$675 Homeowner Tax Rebate 2024 : Fact Check
A tax relief scheme designed to lessen homeowners’ financial burdens is commonly referred to as the $675 Homeowner Tax Rebate. In most cases, homeowners have to fulfil certain standards, such as income caps, property value limitations, or residence requirements. To qualify, homeowners typically need to go through their state or local tax authorities and provide supporting evidence such as proof of income and residency. The refund can help low- to moderate-income households by reducing their property tax obligations.
FAQs On $675 Homeowner Tax Rebate 2024
Yes, it is anticipated that this rebate is coming in 2024.
The permanent residents of Montana are eligible for this payment.
A claimant can apply by visiting the official site at mtrevenue.gov.
