(HELENA) – Governor Greg Gianforte and the Montana Department of Revenue (DOR) announced on Monday, that nearly 260,000 primary homes and nearly 36,000 long-term rentals are enrolled in either the Homestead or Long-Term Rental Reduced Rates.
Last year, Gov. Gianforte signed into law House Bill 231, sponsored by Rep. Llew Jones, R-Conrad, which established the Homestead Rate. The bill indicated a March 1 deadline for applications. Responding to extenuating circumstances created by intermittent technical issues with the department’s online application portal caused by a high volume of last-minute filings, DOR extended the application deadline to March 20.
Following the extension, DOR saw a nearly 20 percent increase in applications from long-term rental owners. The reduced property tax rate claimed for nearly 36,000 long-term rental properties covers nearly 70,000 living units across Montana.
