Millions of people living in Montana who have service-related disability can have the benefits of Montana Disabled Veteran Property Tax Relief in which the individuals can get tax relief if they have any kind of service-related disability. In this same context, individuals who have service-connected disability can have these benefits by providing valid proof for documentation. This benefit is started to provide monetary relief to the veterans.
Montana Disabled Veteran Property Tax Relief
The Montana Disabled Veteran Property Tax Relief (MDV) helps reduce the tax rate of property for 100% disabled veterans as well as unmarried suffering spouses of deceased 100% disabled veterans. This program also helps qualifying veterans decrease their property taxes by reducing the taxable value of their house. The reduction can be 100%, 80%, 70%, and 50% of the normal tax rate which mainly depends on the applicant’s marital status as well as income.
Montana Disabled Veteran Property Tax Relief: Overview
Department | Montana Department of Revenue |
Article on | Montana Disabled Veteran Property Tax Relief |
Country | USA |
Province | Montana |
Eligibility | Veterans with 100% Disability |
Amount | As per eligibility |
Category | Government Aid |
Official Website | Â https://mtrevenue.gov/ |
Montana Disabled Veteran Property Tax Relief Details
Montana offers fascinating advantages for veterans, active duty members as well as their families such as property tax exemptions, In addition to this, the Montana National Guard Tuition Waiver Program, education as well as tuition assistance, Veteran preference in hiring for public as well as private workers, vehicle license plates along with hunting as well as fishing license privileges. The individuals who are living in Montana and are basically retired veterans as well as service members might qualify for an exemption part of the property.
In addition, veterans who were dead had service-connected disability at the time of death their spouse in Montana can have the tax exemption on their primary property. Veterans in the same context can have the benefits of tax exemption if they qualify for the tax exemption requirements. This program is mainly for disabled veterans and their unmarried spouses who are surviving by reducing the property tax rate on their homes. The veterans must have 100% disability from an injury or illness that is service-related. The MDV reduction is mainly based on the income as well as the marriage status.
Qualification criteria for Montana Disabled Veteran Property Tax Relief
- Individuals who want to take the benefits of the property tax exemption can have the benefits if they qualify for the below requirements:
- Individuals who have their own house or are currently in a contract to purchase a home are qualifying individuals to have the Veteran Property Tax Relief for disabled individuals living in Montana.
- Individuals who live in the house as their primary home for a minimum of 7 calendar months of the year.
- Individuals who have a VA disability rating that is 100% for a service-related disability.
- Individuals who have a 2023 Federal Adjusted Gross Income (FAGI) excluding the capital and income losses, less than $61,071 for single, $70,467 for married or head of the household, unmarried surviving spouses earning less than$53,242 are eligible.
- An unmarried spouse must also have a letter from the VA which must show their deceased spouse who died on active duty or died from any kind of service-related disability or individuals who were rated at 100% disability at the time of their death.
- In case individuals are a new resident of Montana, such as a copy of their 2023 federal income tax return with their completed application can be assisting.
- In case individuals who are married must include their spouse’s income to increase the chances of getting the approval in 2023 FAGI regardless of whether they are co-owners of the home.
- In case individuals income is from social security, veterans benefits or any other non taxable sources they must include a copy of their social security statement as well as other income documentation with their completed application.
Benefits of Montana Disabled Veteran Property Tax Relief
Individuals who want to have the benefits of veteran property tax relief in Montana may use this tale to find out which level or reduction they will receive in case they qualify for this program for the tax year 2025.
Single | Married or Head of Household | Unmarried Surviving Spouse | Reduction |
$0-$46,977 | $0-$56,372 | $0-$39,148 | 100% |
$46,9780-$51,676 | $56,373-$61,071 | $39,149-$43,846 | 80% |
$51,677-56,372 | $61,071-$65,768 | $43,847-$48,544 | 70% |
$56,373-$61,071 | $65,769–$70,467 | $48,545-$53,242 | 50% |
How Individuals Can Apply for Montana Disabled Veteran Property Tax Relief
- Individuals who want to apply for the forms must have to complete the Montana Disabled Veteran Property Tax Relief Application (Form MDV) as well as return it to their field office.
- Individuals have to apply by 15 April, if in case they miss the deadline they will not be able to file the tax exemption.
- Individuals have to provide supporting documents such as income proof, valid SSN, and other required documents.
- Individuals have to check the status of their claim or they can visit or contact the Montana Department of Revenue Office.
Latest Update on Montana Disabled Veteran Property Tax Relief
The Montana Disabled Veteran Assistance Program assists disabled veterans or unmarried suffering spouses by decreasing the property tax on their houses. This initiative was started for disabled veterans who are suffering from 100% disability and the dependents of deceased veterans.
This initiative’s main objective is to provide monetary relief to the veterans as well as their families. In order to apply for the benefits individuals must have to complete the MDV Property Tax Relief Application (Form MDV) as well as submit it to their field office.
FAQs
Who is eligible for Montana Disabled Veteran Property Tax Relief?
Individuals who have a 100% disability rating must be service-related, individuals who have a 100% rating of disability during the death of their dependents are eligible.
Do disabled veterans pay property tax in Montana?
It depends on the condition of the veteran how severe it is and MDV helps them reduce property tax rate on homes.
What is property tax in Montana?
The property tax rate in Montana is 0.79% which is lower than the national average of 0.90%.
James is a financial journalist with 6 years of experience, specializing in government aid, finance, and the latest economic news. He simplifies complex financial topics to make them easy for readers to understand, covering everything from government programs to market trends. With a background in both finance and journalism, James provides clear, accurate, and timely insights, helping readers stay informed about financial matters that impact their daily lives.