Administrative Rules of Montana
Department 42 - REVENUE
Chapter 42.19 - GENERAL PROPERTY TAX PROVISIONS
Subchapter 42.19.4 - Property Tax Assistance Programs
Rule 42.19.402 - INFLATION ADJUSTMENT FOR PROPERTY TAX ASSISTANCE PROGRAM (PTAP) AND FOR MONTANA DISABLED VETERAN (MDV) PROPERTY TAX ASSISTANCE PROGRAM
Current through Register Vol. 6, March 22, 2024
(1) Sections 15-6-301, 15-6-302, 15-6-305, 15-6-311, and 15-6-312, MCA, provide property tax relief to fixed or limited income homeowners, qualified disabled veterans, and qualified veterans' spouses.
(2) The department annually adjusts the PTAP and MDV programs base year qualifying income levels provided in 15-6-305 and 15-6-311, MCA, respectively, for the effects of inflation.
(3) The department shall adjust the market value limit for residential real property for inflation after each two-year reappraisal cycle in accordance with 15-6-305, MCA. The department will finalize the market value limit by rounding it to the nearest $1,000.
(4) The department will publish PTAP and MDV qualifying income levels and market value limit annually on the department's website at http://www.mtrevenue.gov.
AUTH: 15-1-201, MCA; IMP: 15-6-191, 15-6-301, 15-6-302, 15-6-305, 15-6-311, 15-6-312, MCA