If it took effect, Montana would offer the listed property tax reductions to qualifying veterans rated 60% to 90% disabled beginning with tax years after 2025.
Veterans rated 60% to 90% disabled could receive reduced property tax rates on an income-qualified primary residence they own and occupy.
Income-based tax multipliers for eligible 60% to 90% disabled veterans and surviving spouses would range from 50% to 70%, with annual inflation adjustments.
The property tax assistance program would allow qualifying veterans rated 60% to 90% disabled to receive a reduced property tax rate. The veteran must have an honorable discharge, a service-connected disability rating of at least 60%, and a qualifying primary residence that the veteran owns and occupies. The veteran's qualifying income must fall within the program's income limits. The U.S. Department of Veterans Affairs must verify the disability rating or payment rate. The property must be occupied as the veteran's primary residence for at least seven months of the tax year. The provisions would take effect when approved and would apply to property tax years beginning after December 31, 2025.
The program would apply tax-rate multipliers of 50%, 60%, 65%, or 70% to qualifying property owned by a veteran rated 60% to 90% disabled, depending on income. The multipliers would cover single people, married couples, heads of household, and qualifying surviving spouses within the listed income ranges. The tax benefit would remain available only while income limits are met and the property remains the required primary residence. A surviving spouse must own and occupy the home, remain unmarried, and have Veterans Affairs documentation about the veteran's qualifying disability or service-connected death. Income limits would be adjusted each year for inflation and could not decrease because of that adjustment. These rules would apply to property tax years beginning after December 31, 2025, if the measure takes effect.
No hearings or votes scheduled.