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Montana Code Annotated — Title 15 (Taxation)

Mont. Code Ann. § 15-7-403

Rollback Tax -- Computation

Official textleg.mt.gov

15-7-403 . Rollback tax -- computation. (1) (a) Subject to 15-10-420 , if land and improvements appraised as residential as a result of an application filed under 15-7-402 are changed to industrial or commercial use, the property is subject to a rollback tax in addition to the property tax levied on the property. The rollback tax is a lien on the property and is due and payable by the owner of the property at the time of the change in use.

(b) As used in this section, "rollback" means the period preceding the change in use, not to exceed 5 years, during which the property was appraised as residential.

(2) The department shall determine the amount of rollback tax due on the property by:

# (a)

determining the taxable value of the property as industrial or commercial property;

# (b)

multiplying this value by the sum of the annual mill levies applied in the taxing jurisdiction in which the land is located during the rollback period; and

# (c)

subtracting from this figure the actual property tax paid on the property during this period.

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In this chapter (40 sections)
  1. 15-7-134 · Repealed
  2. 15-7-135 · And 15-7-136 Reserved
  3. 15-7-137 · Department Of Revenue Notification Of New Construction By…
  4. 15-7-138 · Notice Of Classification And Appraisal To Single Address For…
  5. 15-7-139 · Requirements For Entry On Property By Property Valuation…
  6. 15-7-140 · Notice Appraisal And Audit -- Statement Of Rights
  7. 15-7-141 · County Notification Of Proposed Valuation Decrease -- Meeting
  8. 15-7-201 · Legislative Intent -- Value Of Agricultural Property
  9. 15-7-202 · Eligibility Of Land For Valuation As Agricultural
  10. 15-7-203 · Agricultural Uses Only Considered In Valuation
  11. 15-7-204 · Repealed
  12. 15-7-205 · Repealed
  13. 15-7-206 · Improvements On Agricultural Land
  14. 15-7-207 · Continuance Of Valuation As Agricultural Land
  15. 15-7-208 · Reclassification By Department
  16. 15-7-209 · Reclassification By Owner -- Lien
  17. 15-7-210 · Tax On Change Of Use Of Part Of Tract
  18. 15-7-211 · Repealed
  19. 15-7-212 · Tract Crossing County Line -- Whole
  20. 15-7-213 · Repealed
  21. 15-7-214 · Repealed
  22. 15-7-215 · Repealed
  23. 15-7-216 · Repealed
  24. 15-7-217 · Through 15-7-220 Reserved
  25. 15-7-221 · Repealed
  26. 15-7-222 · Terminated
  27. 15-7-301 · Short Title
  28. 15-7-302 · Purpose
  29. 15-7-303 · Definitions
  30. 15-7-304 · Report Of Transfers -- Change Of Ownership Records
  31. 15-7-305 · Realty Transfer Certificate Required
  32. 15-7-306 · Rules
  33. 15-7-307 · Certificate -- Exceptions
  34. 15-7-308 · Disclosure Of Information Restricted -- Exceptions
  35. 15-7-309 · Classification Or Assessment Methods
  36. 15-7-310 · Penalty
  37. 15-7-311 · Costs
  38. 15-7-401 · Purpose
  39. 15-7-402 · Application For Residential Appraisal Of Certain Land And…
  40. 15-7-403 · Rollback Tax -- Computation
Full table of contents →