Montana Administrative Code

42.2.904 DEPARTMENT OF REVENUE NOTIFICATION REQUIREMENTS The Department of Revenue shall submit adjusted taxable value information to the Superintendent of Public Instruction, for each school district electing to waive their protested taxes, as provided in 15-1-409, MCA, by the s…

42.2.905 ELECTION REQUIREMENT A school district electing to waive their protested taxes shall elect to waive all taxes in all funds under protest for the given tax year. Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-1-409, 20-9-369, MCA History: NEW, 2010 MAR …

42.20.101 CITY AND TOWN LOTS AND IMPROVEMENTS The assessment of city and town lots and the assessment of rural and urban improvements shall be at market value as determined by an appraisal using one or more of the three accepted approaches to determine value: the cost approach, w…

42.20.102 PROPERTY TAX EXEMPTION APPLICATION PROCESS AND REQUIREMENTS A property owner of record, their agent, or a federally recognized tribe who seeks a property tax exemption authorized under 15-6-201, 15-6-203, 15-6-209, 15-6-221, and 15-6-227, MCA, must submit a department p…

42.20.102A ADDITIONAL DOCUMENTATION REQUIREMENTS FOR PROPERTY TAX EXEMPTION APPLICATIONS In addition to the property tax exemption application requirements of ARM 42.20.102, a property owner of record, the property owner's agent, or a federally recognized tribe must submit with i…

42.20.103 TAX BENEFITS FOR THE REMODELING, RECONSTRUCTION, OR EXPANSION OF EXISTING BUILDINGS OR STRUCTURES The property owner of record or the property owner's agent must make application to the appropriate governing body in order to be eligible for tax benefits for remodeling, …

42.20.104 COMPARABLE PROPERTY (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-1-101, MCA History: NEW, 1985 MAR p. 2019, Eff. 12/27/85; REP, 2002 MAR p. 3723, Eff. 12/27/02.

42.20.105 VALUATION OF CONDOMINIUMS OR TOWNHOMES The department will apply an appraisal method for condominiums or townhomes, as defined in 70-23-102, MCA, in accordance with 15-8-111 and 15-8-511, MCA, which must provide for a separate assessment of each condominium or townhome …

42.20.106 DEFINITIONS The following definitions apply to this subchapter: "Abstraction" also referred to as extraction, means a method of estimating land value in which the depreciated cost of the improvements on the improved property is estimated and deducted from the total sale…

42.20.107 VALUATION METHODS FOR COMMERCIAL PROPERTIES When determining the market value of commercial properties, department appraisers will consider, if the necessary information is available, an income approach valuation. When the department uses an appraisal method that values…

42.20.108 INCOME APPROACH The income approach is based on the theory that the market value of income-producing property is related to the amount, duration, and certainty of its income-producing capacity. The formula used by the department to estimate the market value of income-pr…

42.20.109 CAPITALIZATION RATES When using the income approach, the department will develop overall capitalization rates which may be according to use type, location, and age of improvements. Rates will be determined by dividing the net income of each property in the group by its …

42.20.110 TAX EXEMPTION AND REDUCTION FOR THE REMODELING, RECONSTRUCTION, OR EXPANSION OF CERTAIN COMMERCIAL PROPERTY To be eligible for tax exemption and tax reduction for remodeling, reconstruction, or expansion of existing commercial buildings or structures which are available…

42.20.111 TIMBERLANDS EAST OF THE CONTINENTAL DIVIDE, INCLUDING DEER LODGE AND SILVER BOW COUNTIES (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-7-103, MCA History: Eff. 12/31/72; 1979 MAR p. 987, Eff. 8/31/79; 1979 MAR p. 1304, Eff. 10/26/79; REP, …

42.20.112 VALUATION SCHEDULE FOR EASTERN TIMBERLANDS (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-7-103, MCA History: Eff. 12/31/72; AMD, 1979 MAR p. 987, Eff. 8/31/79; AMD, 1979 MAR p. 1304, Eff. 10/26/79; REP, 1983 MAR p. 500, Eff. 5/13/83.

42.20.113 TIMBERLAND CLASSIFICATION - GENERAL PRINCIPLES (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-6-133, 15-7-201, 15-8-111, MCA History: NEW, 1983 MAR p. 500, Eff. 5/13/83; AMD, 1985 MAR p. 2023, Eff. 1/1/86; AMD, 1986 MAR p. 558, Eff. 4/11/86…

42.20.114 TIMBERLAND VALUATION - GENERAL PRINCIPLES (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-7-103 15-8-111, MCA History: NEW, 1983 MAR p. 500, Eff. 5/13/83; AMD, 1985 MAR p. 2023, Eff. 12/27/85; REP, 1996 MAR p. 1172, Eff. 4/26/96.

42.20.115 TIMBERLANDS -- STUMPAGE VALUATION (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-8-111, MCA History: NEW, 1983 MAR p. 500, Eff. 5/13/83; REP, 1996 MAR p. 1172, Eff. 4/26/96.

42.20.116 TIMBERLANDS - DISCOUNT MULTIPLIERS (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-8-111, MCA History: NEW, 1983 MAR p. 500, Eff. 5/13/83; REP, 1996 MAR p. 1172, Eff. 4/26/96.

42.20.117 CLASSIFICATION CHANGE FOR MANUFACTURED HOME OR MOBILE HOME To change the status of the tax classification of a manufactured home, as required by 15-1-116.htm" target="MCA" style="text-decoration:none">15-1-116 and 15-1-118.htm" target="MCA" style="text-decoration:none">…

42.20.118 TRIBAL GOVERNMENT APPLICATION FOR A TEMPORARY PROPERTY TAX EXEMPTION A federally recognized tribe in Montana is eligible for a temporary property tax exemption of tribal fee land as provided in 15-6-230, MCA. A federally recognizedtribe in Montana mustapply for a tempor…

42.20.119 AMMUNITION COMPONENTS MANUFACTURING - PROPERTY TAX EXEMPTION APPLICATIONS The property owner of record or the property owner's agent must file an application, on a form provided by the department, for a property tax exemption for the manufacture of ammunition components…

42.20.120 GOLF COURSE VALUATION The department will determine the market value of golf courses using one of the following three valuation methods: income approach to value, sales comparison approach to value, and cost approach to value. The method used will be dependent upon whet…

42.20.121 TIMBERLANDS WEST OF THE CONTINENTAL DIVIDE (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-7-103, MCA History: Eff. 12/31/72; AMD, 1979 MAR p. 986, Eff. 8/31/79; AMD, 1979 MAR p. 1304, Eff. 10/26/79; REP, 1983 MAR p. 500, Eff. 5/13/83.

42.20.122 VALUATION SCHEDULE FOR FLATHEAD COUNTY (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-7-103, MCA History: Eff. 12/31/72; AMD, 1979 MAR p. 986, Eff. 8/31/79; AMD, 1979 MAR p. 1304, Eff. 10/26/79; REP, 1983 MAR p. 500, Eff. 5/13/83.

42.20.123 VALUATION SCHEDULE FOR GRANITE COUNTY (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-7-103, MCA History: Eff. 12/31/72; AMD, 1979 MAR p. 986, Eff. 8/31/79; AMD, 1979 MAR p. 1304, Eff. 10/26/79; REP, 1983 MAR p. 500, Eff. 5/13/83.

42.20.124 VALUATION SCHEDULE FOR EASTERN LAKE COUNTY (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-7-103, MCA History: Eff. 12/31/72; AMD, 1979 MAR p. 986, Eff. 8/31/79; AMD, 1979 MAR p. 1304, Eff. 10/26/79; REP, 1983 MAR p. 500, Eff. 5/13/83.

42.20.125 VALUATION SCHEDULE FOR WESTERN LAKE COUNTY (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-7-103, MCA History: Eff. 12/31/72; AMD, 1979 MAR p. 986, Eff. 8/31/79; AMD, 1979 MAR p. 1304, Eff. 10/26/79; REP, 1983 MAR p. 500, Eff. 5/13/83.

42.20.126 VALUATION SCHEDULE FOR WESTERN LEWIS AND CLARK COUNTY (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-7-103, MCA History: Eff. 12/31/72; AMD, 1979 MAR p. 986, Eff. 8/31/79; AMD, 1979 MAR p. 1304, Eff. 10/26/79; REP, 1983 MAR p. 500, Eff. 5/1…

42.20.127 VALUATION SCHEDULE FOR LINCOLN COUNTY (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-7-103, MCA History: Eff. 12/31/72; AMD, 1979 MAR p. 986, Eff. 8/31/79; AMD, 1979 MAR p. 1304, Eff. 10/26/79; REP, 1983 MAR p. 500, Eff. 5/13/83.

42.20.128 VALUATION SCHEDULE FOR MINERAL COUNTY (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-7-103, MCA History: Eff. 12/31/72; AMD, 1979 MAR p. 986, Eff. 8/31/79; AMD, 1979 MAR p. 1304, Eff. 10/26/79; REP, 1983 MAR p. 500, Eff. 5/13/83.

42.20.129 VALUATION SCHEDULE FOR MISSOULA COUNTY (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-7-103, MCA History: Eff. 12/31/72; AMD, 1979 MAR p. 986, Eff. 8/31/79; AMD, 1979 MAR p. 1304, Eff. 10/26/79; REP, 1983 MAR p. 500, Eff. 5/13/83.

42.20.130 VALUATION SCHEDULE FOR POWELL COUNTY (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-7-103, MCA History: Eff. 12/31/72; AMD, 1979 MAR p. 986, Eff. 8/31/79; AMD, 1979 MAR p. 1304, Eff. 10/26/79; REP, 1983 MAR p. 500, Eff. 5/13/83.

42.20.131 VALUATION SCHEDULE FOR RAVALLI COUNTY (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-7-103, MCA History: Eff. 12/31/72; AMD, 1979 MAR p. 986, Eff. 8/31/79; AMD, 1979 MAR p. 1304, Eff. 10/26/79; REP, 1983 MAR p. 500, Eff. 5/13/83.

42.20.132 VALUATION SCHEDULE FOR SANDERS COUNTY (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-7-103, MCA History: Eff. 12/31/72; AMD, 1979 MAR p. 986, Eff. 8/31/79; AMD, 1979 MAR p. 1304, Eff. 10/26/79; REP, 1983 MAR p. 500, Eff. 5/13/83.

42.20.133 QUALIFICATION FOR CLASSIFICATION AS AGRICULTURAL OR FOREST LAND (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-7-201, 15-8-111, 15-7-103, MCA History: NEW, 1985 MAR p. 2025, Eff. 12/27/85; AMD, 1993 MAR p. 3048, Eff. 12/24/93; REP, 1996 MAR…

42.20.135 PROCEDURE FOR REMOVING ONE ACRE BENEATH IMPROVEMENTS ON NONQUALIFIED AGRICULTURAL LAND AND IMPROVEMENTS ON FOREST LAND FROM PROPERTY LAND CLASSIFICATION (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-6-133, 15-6-134, 15-6-143, 15-7-103, 15-…

42.20.136 RESIDENCE DEFINED (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-8-111, MCA History: NEW, 1985 MAR p. 2025, Eff. 12/27/85; REP, 2002 MAR p. 3723, Eff. 12/27/02.

42.20.137 ELIGIBILITY FOR CLASS 14 TAX TREATMENT (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-6-144, 15-7-202, MCA History: NEW, 1985 MAR p. 2025, Eff. 12/27/85; REP, 1993 MAR p. 3048, Eff. 12/24/93.

42.20.138 AGRICULTURAL IMPROVEMENTS AND IMPROVEMENTS ON TIMBERLAND LOCATED ON DISPARATE LAND OWNERSHIPS (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-6-144, 15-7-202, MCA History: NEW, 1985 MAR p. 2025, Eff. 12/27/85; REP, 1993 MAR p. 3048, Eff. 12/…

42.20.140 DEFINITION OF TERMS FOR PARCELS LESS THAN 20 ACRES (REPEALED) Authorizing statute(s): 15-1-201, MCA Implementing statute(s): 15-7-201, 15-7-202, 15-7-203, 15-7-206, 15-7-207, 15-7-208, 15-7-209, 15-7-210, 15-7-212, MCA History: NEW, 1985 MAR p. 2025, Eff. 1/1/86; AMD, 1…