Montana Code 7-8-2520. Appraisal required for certain purchases of real property or conservation easements
7-8-2520. Appraisal required for certain purchases of real property or conservation easements. (1) Unless otherwise provided by law, a county may not purchase real property in an amount in excess of $20,000 or a conservation easement using public funds in an amount in excess of $80,000 unless the value of the property or conservation easement has been previously estimated by:
Terms Used In Montana Code 7-8-2520
- Property: means real and personal property. See Montana Code 1-1-205
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Real property: means lands, tenements, hereditaments, and possessory title to public lands. See Montana Code 1-1-205
(a)a disinterested certified general real estate appraiser selected by the county commission, county attorney, and landowner; or
(b)three disinterested citizens of the county appointed by the district judge.
(2)A county may not pay more than the appraised value for the real property or conservation easement.