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Rule Title: CITY AND TOWN LOTS AND IMPROVEMENTS
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Department: REVENUE
Chapter: REAL PROPERTY
Subchapter: Valuation of Real Property
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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42.20.101    CITY AND TOWN LOTS AND IMPROVEMENTS

(1) 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:

(a) the cost approach, where the department's Appraisal Guide and national cost service manuals, as indicated in ARM 42.18.122, are used;

(b) the sales comparison approach; and

(c) the income approach.

(2) Said appraisals shall be made in the same manner as provided in 15-7-101 through 15-7-103, MCA, and 15-8-112, MCA.

 

History: 15-1-201, MCA; IMP, 15-7-103, MCA; Eff. 12/31/72; AMD, 1979 MAR p. 985, Eff. 8/31/79; AMD, 1979 MAR p. 1304, Eff. 10/26/79; AMD, 2002 MAR p. 3723, Eff. 12/27/02; AMD, 2006 MAR p. 3103, Eff. 12/22/06; AMD, 2017 MAR p. 2090, Eff. 11/10/17.


 

 
MAR Notices Effective From Effective To History Notes
42-2-976 11/10/2017 Current History: 15-1-201, MCA; IMP, 15-7-103, MCA; Eff. 12/31/72; AMD, 1979 MAR p. 985, Eff. 8/31/79; AMD, 1979 MAR p. 1304, Eff. 10/26/79; AMD, 2002 MAR p. 3723, Eff. 12/27/02; AMD, 2006 MAR p. 3103, Eff. 12/22/06; AMD, 2017 MAR p. 2090, Eff. 11/10/17.
12/22/2006 11/10/2017 History: 15-1-201, MCA; IMP, 15-7-103, MCA; Eff. 12/31/72; AMD, 1979 MAR p. 985, Eff. 8/31/79; AMD, 1979 MAR p. 1304, Eff. 10/26/79; AMD, 2002 MAR p. 3723, Eff. 12/27/02; AMD, 2006 MAR p. 3103, Eff. 12/22/06.
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