The Land Value Property Tax Assistance Program for Residential Property helps residential property owners if the value of their land is disproportionately higher than the value of their home or other buildings on their land and the land has been in their family for at least 30 years.
For Tax Year 2024, the application deadline is March 1, 2024.
Eligibility
Qualifying Requirements
Before you apply, check Property.MT.Gov to see if your property meets the initial requirement.
Our appraised market value of your land must be 150% greater than the appraised market value of your home and other buildings located on your land.
If your property meets this requirement, you will see a highlighted note in the value history section of your electronic property record card.
Sample Notification Screenshot
Additional Requirements
Additional requirements include:
- Your home is located on five acres or less
- You own and maintain your home as your primary residence for at least seven months of the year
- The land on which your home is located has been owned by you or a family member within three degrees of consanguinity for at least 30 consecutive years
Degrees Of Consanguinity
- First Degree
- Parent or child
- Second Degree
- Grandparents, grandchildren, and siblings
- Third Degree
- Great-grandparents, great-grandchildren, and:
- A parent's sibling
- A sibling's child
With your application, you must submit documents showing the ownership history for the land on which your home is located.
These documents may include copies of:
- Property deeds,
- Property tax records, or
- Bills of sale
Forms
If you qualify, mail your Land Value Property Tax Assistance for Residential Property Application and supporting documents to the local field office servicing the county where your property is located.
For Tax Year 2024, the application deadline is March 1, 2024.
We will review your application and send you a letter to let you know if you qualify.
Qualifying applicants are required to reapply for the assistance program each property valuation cycle. Supporting documentation may be required with reapplications.
For the next valuation cycle, tax years 2025-2026, an application must be submitted within 30 days from the date on your property's 2025 classification and appraisal notice to be considered for both years of the two-year valuation cycle. Typically, the department mails real property classification and appraisal notices in June.
Related Laws
- 15-6-240, MCA
- Intangible land value property exemption – application procedure.
- ARM 42.19.407
- Intangible Land Value Property Tax Assistance program for Residential Property.