Montana legislation · 2025 Regular Session
Montana HB461: Provide exemption for certain owner-occupied residential property owned by persons 67 or older
Status: Failed, May 20, 2025
What the bill says
A bill for an act entitled: "an act providing for a property tax exemption for certain residential property occupied by the owner as a primary residence; requiring the property to be owned for 5 years or more; requiring the owner to be 67 years of age or older; providing definitions; and providing an applicability date.".
From the engrossed text:
A BILL FOR AN ACT ENTITLED: "AN ACT PROVIDING FOR A PROPERTY TAX EXEMPTION FOR CERTAIN RESIDENTIAL PROPERTY OCCUPIED BY THE OWNER AS A PRIMARY RESIDENCE; REQUIRING THE PROPERTY TO BE OWNED FOR 5 YEARS OR MORE; REQUIRING THE OWNER TO BE 67 YEARS OF AGE OR OLDER; PROVIDING DEFINITIONS; AND PROVIDING AN APPLICABILITY DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: NEW SECTION. Section 1. Exemption for residential property occupied by owner -- exception. (1) There is an exemption for class four residential property owned and occupied by a taxpayer who is 67 years of age or older as a primary residence for 5 years or more as provided in this section. (2) (a) Except as provided in subsection (2)(b), the exemption is equal to the amount by which the market value in the tax year exceeds the market value in the base year. (b) The exemption under this section terminates or (ii) there is new construction, remodeling, or reclassification of the property. For the purposes of this subsection (2)(b)(ii), remodeling includes increasing the finished area of a building or altering the structure or form of an existing space by more than 100 square feet. It does not include general maintenance and upkeep, such as painting or replacing flooring, windows, siding, roofing, fixtures, or appliances. …
Sponsors
- Oblander, Greg (R, 38) · primary sponsor
Latest actions
- : (H) Died in Process
- : (H) Missed Deadline for Revenue Bill Transmittal
- : (H) Fiscal Note Printed
- : (H) Fiscal Note Unsigned
- : (H) Fiscal Note Received
- : (H) Tabled in Committee
- : (H) Hearing
- : (H) 1st Reading
- : (H) Referred to Committee
- : (H) Fiscal Note Requested
Subjects: Local Finance, Taxation, Revenue, State, Senior Citizens, Education - School Finance, Taxation--Property
Common questions
- What is HB461?
- HB461 is a bill in the Montana Legislature (2025 Regular Session): Provide exemption for certain owner-occupied residential property owned by persons 67 or older.
- What does HB461 do?
- In its own words: A bill for an act entitled: "an act providing for a property tax exemption for certain residential property occupied by the owner as a primary residence; requiring the property to be owned for 5 years or more; requiring the owner to be 67 years of age or older; providing definitions; and providing an applicability date.".
- What is the status of HB461?
- Failed as of May 20, 2025. Latest action: (H) Died in Process (May 20, 2025).
- Who sponsored HB461?
- Oblander, Greg (R, 38).
- Where is the official record for HB461?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC0850
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.