Experts in Operational Real Estate

Montanans pay an estate tax of 6.9 percent on property in Montana, the highest in the country.

Montana has one of the highest property taxes in the nation, but property owners can also choose to pay an additional 4.5 percent tax if they have more than $1 million in annual taxable income. 

The average tax bill in Montana ranges from $2,400 to $5,000 a year.

Montana realtors have also been hit hard by the shortage of affordable housing in the state, and many are struggling to keep their businesses afloat.

According to a study by the Montana Economic Development Corp., an organization that helps realtORS navigate the complicated tax code, many property owners in Montana are losing money on their properties as a result of the shortage. 

“Realtors in Montana typically make between $100,000 and $250,000, and have annual income between $300,000 to $400,000,” said John Miller, executive director of the Montana Tax Foundation.

“They are the backbone of our economy.

It’s really difficult for them to pay their taxes and that’s where we’re seeing the biggest hit.”

The real estate tax law was passed in 2016 and requires that a majority of taxable income is from a single source.

That means that Montana realty taxpayers must also be eligible for a state income tax credit.

In 2017, the state saw its first state income income tax refund since 2008. 

But with the state’s economy slowly recovering, the Montana Real Estate Tax Foundation believes the real estate industry in the region has experienced an uptick in interest in property taxes.

“The realty industry has been a key driver in the economic growth of Montana,” Miller said.

“It’s a critical part of our region’s economy, and we’re hoping to see it continue to grow.”

The Montana Realty Tax Foundation also released a study last year that found that many of the properties in the Montanan market are now valued at $50 million or more.

While many of those properties are in Montanan, many are in other states. 

One property in the area, which is located on the outskirts of Helena, Montana, is valued at over $300 million. 

According to the report, property tax collections have also decreased in the past year as a direct result of Montana’s housing shortage.

The report found that sales tax collections fell by $8,000 in 2016, but are expected to rise by another $8 million this year. 

With a shortage of housing and a housing market that has not been strong for decades, realtORs say the realtoring industry will need to adjust their business models to accommodate these additional taxes. 

Some Montana realtor advocates say the situation has worsened since the realtor’s tax bill was first passed in 2018.

“There’s an issue with the realty process that has developed in Montana,” said David Jansen, executive vice president of the National Association of Realtors.

“The realtorship process, in particular, has not evolved as quickly as we thought it would.” 

“Montana realtor tax is not as simple as it might seem,” said Miller.

“For instance, there are multiple ways to calculate your tax, and the IRS is not very good at interpreting tax laws.

If the IRS had more guidance on how the realestate tax should be calculated, we might be able to find more ways to handle these issues.”

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