New Montana Property Tax Updates Could Save You Money

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Property taxes have been a major topic of conversation in Montana, with many homeowners seeing their bills jump by close to 40% in the latest appraisal cycle. However, new legislation passed in Helena has provided some relief, and there are additional opportunities for savings through the 2026 Homestead Reduced Rate program. Homeowners need to enroll by March 1 to take advantage of this potential tax reduction.

Why it matters

Property taxes are a significant expense for many Montanans, and the recent spikes have put a strain on household budgets. The new legislation and Homestead Reduced Rate program aim to provide much-needed relief, especially for those in counties with the highest property tax rates in the state.

The details

Montana runs on a two-year appraisal cycle, and the latest one wrapped up last year, leading to the large property tax increases many homeowners experienced. In response, the Montana legislature passed new legislation that has brought some relief. Additionally, the 2026 Homestead Reduced Rate program could lower property tax bills even further, but homeowners need to enroll by March 1 to qualify.

• The latest property tax appraisal cycle in Montana wrapped up in 2023.
• New legislation providing property tax relief was passed in Helena.
• The 2026 Homestead Reduced Rate program enrollment deadline is March 1.

What’s next

Homeowners in Montana should visit the Montana Department of Revenue website to verify their enrollment in the 2026 Homestead Reduced Rate program or begin the enrollment process before the March 1 deadline.