Historic Property Tax Abatement
Historic property may be eligible for a property tax abatement on the increased value from restorations and construction.
Eligibility
The historic property must meet the design review criteria in 15-24-1605, MCA and is:
- Located in a national historic district and contribute to the district;
- A new building in a national historic district built to match the design of the district; or
- Listed individually in the National Register of Historic Places
Property
Restored, rehabilitated, expanded, or newly constructed property that meets the requirements.
Application Process
Apply to the local governing body.
Benefit
A 100% abatement on the taxable value increase caused by the rehabilitation, restoration, expansion, or new construction for up to five years.