Montana property taxes
Varies
Are Property Taxes Deductible in Montana?
Short answer: Yes on your federal return if you itemize, within the $40,400 SALT cap. Montana adds its own break: Elderly Homeowner/Renter Credit: refundable, up to $1,150, for age 62+ with household income under $45,000.
Also: A one-time $400 rebate covered 2024 property taxes on primary homes; it was claimed in 2025 and is not repeating. Homestead: Lower homestead tax rate for owner-occupied primary residences under HB 231 (2025). Montana's HB 231 replaced one-time rebates with a permanently lower tax rate for primary homes.
Records to keep: Keep receipts, statements, and a note of what each cost was for. Compare itemizing to the 2026 standard deduction ($16,100 single / $32,200 joint) before you claim.
Montana property taxes
Varies
Individuals / Personal Taxes
Yes on your federal return if you itemize, within the $40,400 SALT cap. Montana adds its own break: Elderly Homeowner/Renter Credit: refundable, up to $1,150, for age 62+ with household income under $45,000.
Business justification
Yes on your federal return if you itemize, within the $40,400 SALT cap. Montana adds its own break: Elderly Homeowner/Renter Credit: refundable, up to $1,150, for age 62+ with household income under $45,000. Also: A one-time $400 rebate covered 2024 property taxes on primary homes; it was claimed in 2025 and is not repeating. Homestead: Lower homestead tax rate for owner-occupied primary residences under HB 231 (2025). Montana's HB 231 replaced one-time rebates with a permanently lower tax rate for primary homes.
Category
- Personal Tax Deductions