Missoula, MT – According to the state officials, a key component of his Budget for Montana Families, Gov. Gianforte proposed and secured reforms to the state’s Property Tax Assistance Program, providing greater relief to Montanans with low or fixed incomes, as well as disabled veterans or their unmarried surviving spouses.
Rep. George Nikolakakos, R-Great Falls, sponsored the bill and joined the governor at the event.
House Bill 189, carried by Rep. Nikolakakos, strengthened PTAP by increasing the home market value limit.
Before the governor’s reforms, only the first $200,000 of a home’s market value qualified for relief through the program. Now, Montana homeowners are eligible for PTAP relief for the first $350,000 of their home’s market value.
The bill also reformed the program to automatically adjust income requirements for inflation after each reappraisal cycle.
This spring, the governor also delivered Montanans $120 million in permanent, long-term property tax relief and secured up to $1,350 in property tax rebates for Montana homeowners over the next two years.
