Fewer Montana Landlords Claiming Property Tax Exemption than Expected, State Says

Fewer Montana landlords claiming property tax exemption than expected, state says

Tax bills for qualifying long-term rentals are projected to drop significantly, but if the landlords don’t apply, bills could rise instead.

Many Montana landlords haven’t filed to avoid second-home tax

With a March 1 deadline looming, data from the Montana Department of Revenue indicates that landlords for as many as three-quarters of the state’s rental housing units haven’t applied for an exemption that would shield their properties from hefty tax increases as the state’s new second-home tax is fully implemented on this fall’s tax bills. Unless tens of thousands of landlords successfully apply in the coming days, long-term rental properties a…