Q: When are property taxes due for FY 2025-2026?
A: Property taxes are due in two installments: April 15, 2026, and October 15, 2026. Payments received after these dates are subject to penalty and interest charges.
Q: What tax credits are available and how do I apply?
A: Montana offers several tax credits including the Homestead Credit for primary residences, Disabled Veteran Credit, and Elderly/Low Income Credit. All credits require annual application by April 15. Contact the Petroleum County Assessor at (406) 429-5311 for application forms and eligibility requirements.
Q: How does the Homestead Credit work?
A: The Homestead Credit provides up to $7,200 in taxable value reduction for primary residences. It also caps annual assessment increases at 10% for qualifying properties. You must file an initial application and requalify annually. This is a credit that reduces your tax bill, not an exemption that reduces assessed value.
Q: How often are properties reassessed in Petroleum County?
A: Montana law requires properties to be reappraised every six years, with annual reviews for market changes. The next county-wide reappraisal is scheduled for 2027. Property owners receive assessment notices by June 15 each year.
Q: How do I appeal my property assessment?
A: Assessment appeals must be filed with the Petroleum County Tax Appeal Board by August 15. You can request an informal review with the Assessor first, or proceed directly to formal appeal. Contact the Assessor's office for appeal forms and procedures.
Q: What are the penalties for late tax payments?
A: Late payments incur a penalty of 2% per month plus interest. After November 1, delinquent taxes are subject to additional penalties and potential tax lien proceedings. The total penalty cannot exceed 10% per year.
Q: Can I pay my taxes online?
A: Yes, Petroleum County offers online payment options through the County Treasurer's website. You can pay by electronic check or credit card, though credit card payments may include processing fees. Visit the county website or call (406) 429-5311 for payment portal access.
Q: How do special district taxes affect my bill?
A: Special districts such as school districts, fire districts, and road districts add additional mills to your tax rate. These vary by location within the county and can significantly impact your total tax bill. Your annual tax statement will show the breakdown of all applicable district taxes for your specific property location.
