LenaH
Employee Tax Expert

Deductions & credits

Per the State of Montana, if the one-acre farmstead or primary acre is not separately identified on the tax bill, you can use the one-acre land calculator to determine the amount of property tax paid on the land that is eligible for the credit.

 

I entered in 2.5 acres and $1,536 in property tax into the calculator and the result was $614.40. This amount gets entered on the Property Tax Rebate Claim Form. There are other factors that go into the credit calculation, such as your household income and your multiplier rate, which I do not have so I can't verify the $184 amount for you.

 

However, you would have had to enter the $614.40 into TurboTax, and not the $1,536 for the credit to have calculated correctly. 

 

 

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