Montana homeowners are being primed for a $2,000 property tax rebate for 2023 and 2024.
Montana Homeowners to Get $2,000 Property Tax Rebate from $2.4 Billion Surplus Tax
Governor Greg Gianforte proposed a $500 million bill that would provide Montana homeowners with $1,000 in property tax rebates this 2023 and 2024. The funding will come from the state’s $2.4 billion surplus tax. According to the governor, this would be the largest state-administered tax rebate in the country once passed.
CEO of the Bozeman Area Chamber of Commerce Daryl Schliem expressed that Montana residents witnessed a continued spike in property taxes across the state. According to a published post by The US Sun, the proposed $1,000 in property tax rebates this 2023 and 2024 will be a good way to battle the growing inflation that seems to have no end.
Other Property Tax Rebate Across the Country
Minnesota homeowners have the homestead credit refund program which offers relief to those experiencing high property taxes relative to their income. This would determine the amount your refund will be in accordance with your income. $2,930 is the maximum refund for claims filed in 2022 wherein homeowners with income exceeding $119,790 will not be eligible.
Homeowners and renters in New Jersey are given another extension in the application deadline for the ANCHOR property tax rebate. The deadline is set until Feb. 28 from the previously announced Jan. 31 for eligible residents to complete the application. $1,500 will be refunded to homeowners who made $150,000 or less and $1,000 to those who made between $150,000 and $250,000. Renters will also receive a refund of $450 for those who made $150,000 or less.