Posted: 1/26/2026 11:18:51 AM EDT
|
Explainer video Looks like more changes to our property tax rates. You have until March 1st to apply for the Homestead exemption or your taxes could double. 
|
No one cared who I was until I put on the mask
Joined:
Jun 2020
Posts:
4743
EE: 0% (0)
USA
Rope,Tree,Tyrant, some assembly required
Joined:
Mar 2004
Posts:
29348
EE: 100% (19)
MT, USA
|
March 1st deadline has come and gone. I checked on this and my particular situation leaves me fucked in the ass. I am currently living in my Grandparents old home that my parents inherited when they passed. I live and work in Montana full time and pay Mt income taxes ,Mt drivers license ect. The home was placed in the Family trust that is addressed in Florida in my parents names. My part of the deal for living here is the property taxes,insurance and basic maintenance and upkeep,water heater furnace ect. any major expenses (roof ect.) are covered by the trust. They are both Montana born but moved out of state in the 60's and lived and worked out of state until thy retired and moved to Florida. They spend the winter months in Florida (end of October to the beginning of June) which is just long enough for them to claim Florida residency for taxes. They then come to Montana for the summer months but not long enough to claim residency here. Since the house is in the trust and not my name, or my parents primary residence it doesn't qualify for the homestead exemption. Same applies for our cabin in Neihart....so double whamy 
|
VCDL
Team Ranstad
Camp Patriot
Task Force Dagger Foundation
Tennessee Squire
A Prince whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.
Team Ranstad
Camp Patriot
Task Force Dagger Foundation
Tennessee Squire
A Prince whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.
|
Originally Posted By m1awolf: March 1st deadline has come and gone. I checked on this and my particular situation leaves me fucked in the ass. I am currently living in my Grandparents old home that my parents inherited when they passed. I live and work in Montana full time and pay Mt income taxes ,Mt drivers license ect. The home was placed in the Family trust that is addressed in Florida in my parents names. My part of the deal for living here is the property taxes,insurance and basic maintenance and upkeep,water heater furnace ect. any major expenses (roof ect.) are covered by the trust. They are both Montana born but moved out of state in the 60's and lived and worked out of state until thy retired and moved to Florida. They spend the winter months in Florida (end of October to the beginning of June) which is just long enough for them to claim Florida residency for taxes. They then come to Montana for the summer months but not long enough to claim residency here. Since the house is in the trust and not my name, or my parents primary residence it doesn't qualify for the homestead exemption. Same applies for our cabin in Neihart....so double whamy Maybe you could set up some sort of arrangement where you "rent" the house from the family trust for a token amount, so it can then qualify as a long-term rental? I read the bill text a while ago so I don't remember if the rental payment amount has to fall within some determined market value to qualify. I do remember a section of it stated you could file an appeal after the deadline (I think the following year) and you could still get it if you qualified at the time of the original deadline. |