Montana’s New State Tax Relief Program: What Homeowners & Investors Need to Know for 2026

Montana has once again opened enrollment for the State Property Tax Relief Program that may significantly reduce property tax burdens for homeowners and long-term rental property owners in 2026. If you own a home in Montana that is classified as your primary residence, or "homestead", or a long-term rental, this program is absolutely worth reviewing.

Many Montanans will qualify, but it’s important to understand the rules—and to enroll if required—to make sure you receive the benefits.

What Is the State Tax Relief Program?

The newly launched program offers reduced property tax rates for two types of qualifying properties:

• Homesteads (your principal residence)
  
  
• Long-term rental properties
  
  

This initiative is designed to increase affordability for Montana residents and support long-term housing availability statewide.

Already Claimed the 2025 Property Tax Rebate?

If you claimed the 2025 Montana property tax rebate, you are automatically enrolled for the 2026 homestead reduced tax rate. However, you must still meet both of the following requirements:

• You must still own the property
  
  
• You must still live in it as your principal residence
  
  

If both apply, you do not need to take further action, but it is still wise to verify that your information is up to date.

All Other Eligible Property Owners Must Enroll

If you did not claim the 2025 rebate, or if you are enrolling a long-term rental property, you must actively sign up to receive the reduced 2026 tax rate.

Property owners can review eligibility and enroll here:
https://revenue.mt.gov/property/property-tax-changes/homesteads-and-long-term-rentals

Enrollment only takes a few minutes and may result in significant tax savings for 2026.

Why This Matters for Montana Property Owners

Confirming eligibility and enrolling in the program can support your financial goals in several ways:

• Reducing the annual cost of homeownership
  
  
• Improving cash flow for long-term rental properties
  
  
• Enhancing long-term affordability and stability
  
  

Even small tax reductions can have meaningful long-term benefits.

How This May Affect Your Real Estate Plans for 2026

Changes in property taxation often influence local real estate market trends. The new tax structure may impact:

• Buyer affordability
  
  
• Seller equity
  
  
• Investor cash flow
  
  
• Pricing and demand in your neighborhood
  
  

If you’re considering buying, selling, or investing in 2026, understanding how this program interacts with your property goals is essential.

Our team is always available to provide a personalized market analysis, review your property’s value, or help you plan strategically for the year ahead - just visit www.jasonbakerteam.com to connect with us directly!  We are here as your trusted resource for all things Montana real estate.