Montana Taxes

Montana Tax Guide

Montana is the fourth biggest state of the United State and also the biggest landlocked state. Montana levies state taxes from 1% to 6.9%. Following are the Montana tax guide which is separated into four sections.

Montana Sales Taxes

There is no provision of sales tax in Montana neither at state nor at regional levels. It does allow for local option and resort tax which is a source of funds for some communities. The primary concept behind resort taxes is to enable places with high volume of visitors, but very few residents, to regional infrastructure expenses without troubling local citizens. The maximum rate of this tax is 3% and minimum 5% of the revenue must comprise of property taxes.

Montana Tax Guide - Personal and Real Property Taxes

The Property Assessment Division of the Montana Revenue Department is accountable for monitoring administering Montana's property tax policies, which includes the evaluation and estimation of real and personal property all through the state for the purpose of property tax.

In Montana, household items don’t fall under the ambit of property taxes, it is exempted. Nonetheless, property taxes are levied on heavy equipment, farm machinery, automobiles, business tools, and trucks.  On livestock also per capita fee is levied.

The property tax is assessed solely by the property's value and then the value of the property is multiplied by the tax rate, which has been established by the Montana Legislature, to ascertain its taxable amount. This amount is then multiplied by the established mill levy by several taxing jurisdictions – county and city government, school district etc.

A wide section of property is exonerated from taxation. Lime Montana property owners can get deduction in their property tax if they fulfill certain qualifications.

Montana Tax Guide - Inheritance and Estate Taxes

Montana's inheritance tax was reversed on Dec. 31, 2000. Due to changes in federal tax-law, it has abolished the state credit for demises witnessed in 2005. No Montana estate tax is levied and no Montana estate tax filling is needed for deaths reported after January, 1, 2005.

Other Montana Tax Facts

Montana enables its citizens several ways to contribute to nonprofit communities with tax in the form of check offs. Montanan Tax department allows free filing of state forms to some Montana residents at Montana Free File. Montana does not evaluate tax on unsubstantial personal property.

 

Where to Mail FEDERAL IRS Tax Forms Within Montana:

IRS Form If You ARE NOT Enclosing a Payment, Use This Address: If You ARE Enclosing Payment, Use This Address:
1040: Department of the Treasury
Internal Revenue Service
Fresno, CA  93888-0002
Internal Revenue Service
P.O. Box 802501
Cincinnati, OH 45280-2501
1040A: Department of the Treasury
Internal Revenue Service
Fresno, CA  93888-0015
Internal Revenue Service
P.O. Box 802501
Cincinnati, OH 45280-2501
1040EZ: Department of the Treasury
Internal Revenue Service
Fresno, CA  93888-0014
Internal Revenue Service
P.O. Box 802501
Cincinnati, OH 45280-2501