We would like to remind owners of real and personal property about several important deadlines approaching soon.
Business and Industrial Equipment and Machinery Reporting
Business and industrial equipment owners need to report their personal property online with the department’s TransAction Portal (TAP).
Businesses must report if the total statewide market value of their equipment is over $100,000.
Businesses with a statewide market value $100,000 or less are exempt from taxation and do not have a reporting requirement.
Livestock owners have to report the number of livestock owned as of February 1.
Livestock is subject to the per capita fees set yearly by the Board of Livestock.
Reported your livestock online at ReportYourLivestock.mt.gov
Property Tax Exemption Applications
Applications must be submitted by March 1 to be considered for 2019.
Land Value Property Tax Assistance Program
Home owners may qualify for the Land Value Property Tax Assistance program if the department’s appraised market value of their land is more than 150% of the department’s appraised market value of their home and other improvements on the land.
Apply using the Land Value Property Tax Assistance for Residential Property Form.