15-7-110. Purpose -- reappraisal cycle. It is in the best interest of the state of Montana to mitigate the fluctuations in market value for class three and class four properties that occur during a 6-year reappraisal cycle. The amendment of 15-7-111 in section 16, Chapter 361, Laws of 2015, mitigates the market's fluctuations in value by implementing a 2-year reappraisal cycle. The intent of the amendments in sections 6 and 7, Chapter 361, Laws of 2015, is for the statewide taxable value for all residential, commercial, industrial, and agricultural property for the reappraisal cycle beginning January 1, 2015, to remain the same as in the reappraisal cycle beginning January 1, 2009, and to adjust the tax rates as needed to accomplish this intent.
History: En. Sec. 1, Ch. 361, L. 2015.
Structure Montana Code Annotated
15-7-101. Classification and appraisal -- duties of department of revenue
15-7-102. Notice of classification, market value, and taxable value to owners -- appeals
15-7-103. Classification and appraisal -- general and uniform methods
15-7-106. Courses of instruction, examination, and certification -- additional courses
15-7-107. Certification required
15-7-110. Purpose -- reappraisal cycle
15-7-111. Periodic reappraisal of certain taxable property
15-7-112. Equalization of valuations
15-7-115. through 15-7-120 reserved
15-7-123. through 15-7-130 reserved
15-7-135. through 15-7-137 reserved
15-7-138. Notice of classification and appraisal to single address for owners of undivided interest