Montana’s property tax refund is coming just in time for some Great Falls residents. Democratic lawmakers held a news conference with some local families on Tuesday to help celebrate the bill that allowed the refund.
Residents are being reminded that they need to apply for the money and numbers show over 21,000 residents in Cascade County are eligible to receive the money. Residents like Chass Perkins say the money would come in handy for back to school shopping and other expenses.
“$400 dollars for some people doesn’t seem like a lot of money, for a fire fighter in Great Falls, with fuel prices going up and stuff like that, it’s helped me out tremendously.”
Nearly $100 million dollars will go back to Montana’s property owners and in addition another $130 rebate will soon be available for property owners who file their 2007 Montana tax return.
Before you use that refund to buy a flat screen TV financial advisors like Jolene Bach the Consumer credit Counseling Market Director recommend you look at put the cash away for the long term.
“Rather than just utilize the short term benefits, it’s excellent if you can make that money really work for you.”
The folks with Consumer Credit Counseling Services recommend putting the money into emergency savings, a Certificate of Deposit account or a Money Market Account, so that money can begin earning interest.