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posted Apr 17, 2023 1:39:39 PM

Montana Residential Property Tax Credit for Elderly Qualification

I am trying to figure out if I can use this tax credit. I rent a piece of property (less than an acre) where I park my RV which is my home and live full-time. If I have receipts for the monthly rent would this qualify?  Thank you for the help!

 

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Expert Alumni
Apr 18, 2023 5:52:23 PM

You would not qualify for this credit. It is based on renting a home, not a large lot. 

 

The 1983 Legislature revised the elderly homeowner and renter credit by increasing the maximum credit, revising definitions related to income eligibility, and clarifying the treatment of property that is partially owned and partially rented. As part of the clarifications related to claimants who both own and rent property (for example, a mobile home on a rented lot), the Legislature also added language to clarify that rented land or dwellings not subject to ad valorem taxes are not eligible for the credit.