MT 43 News Articles View a Published Article

Landlords Who Don't File for Tax Relief Could Cause Steep Rent Increases

Author: Victor Sample, MT43 News Vic Sample: MT43 News Treasurer

Landlords Who Don't File for Tax Relief Could Cause Steep Rent Increases

Victor Sample

MT43 News

Tenants could see rent increases if landlords fail to apply by next week’s deadline.

With a March 1 deadline looming, data from the Montana Department of Revenue indicates that landlords for as many as three-quarters of the state’s rental housing units haven’t applied for an exemption that would shield their properties from hefty tax increases as the state’s new second-home tax is fully implemented on this fall’s tax bills.

Unless tens of thousands of landlords successfully apply in the coming days, long-term rental properties across the state could be hit with a double-digit increase on tax bills — an expense that could translate to steep rent hikes for tenants.

This article is excerpted from a Montana Free Press Article by Eric Dietrich, Deputy Editor - Montana Free Press.

To read the full article, visit the MT43News website at

https://mt43news.com