Montana Code 15-8-701. Property tax record — definition — listing property in
15-8-701. Property tax record — definition — listing property in. (1) Unless the context clearly indicates otherwise, the term “property tax record” means the record that is kept in each county by the department and that contains the information described in subsection (2). The term includes records referred to as an “assessment book” or “assessment roll” and, in a county in which the property tax record is kept on a computer system, the information on the system analogous to the information described in subsection (2).
Terms Used In Montana Code 15-8-701
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
- Personal property: All property that is not real property.
- Personal property: means money, goods, chattels, things in action, and evidences of debt. See Montana Code 1-1-205
- Property: means real and personal property. See Montana Code 1-1-205
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
(2)The department shall prepare a property tax record with appropriate headings, in which must be listed all property within the state and in which must be specified, by an appropriate heading:
(a)the name of the person to whom the property is assessed;
(b)land by description sufficient to identify it, the locality, and the improvements on the land;
(c)all taxable personal property, showing the number, kind, amount, and quality; but a failure to enumerate in detail the personal property does not invalidate the assessment;
(d)the assessed value of real estate;
(e)the assessed value of improvements on land, except that land and improvements must be separately listed when required under 15-8-111;
(f)the assessed value of improvements on real estate assessed to persons other than the owners of the real estate. Taxable improvements owned by a person, located upon land exempt from taxation, must, as to the manner of assessment, be assessed as other real estate. A value may not be assessed against the exempt land, and the land may not be charged with and is not responsible for the assessment made against any taxable improvements located on the land.
(g)the assessed value of all taxable personal property;
(h)the school, road, and other revenue districts in which each piece of property assessed is situated;
(i)the total assessed value of all property;
(j)the taxable value of all property;
(k)the taxes and fees assessed against the property; and
(l)the total of each type of tax, levy, and fee.