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Montana Code Annotated — Title 15 (Taxation)

Mont. Code Ann. § 15-8-512

Common Elements Serving Residential Or Commercial Development

Official textleg.mt.gov

15-8-512 . Common elements serving residential or commercial development.

# (1)

Each lot in a residential or commercial development, regardless of whether improved or unimproved, is considered a parcel of real property subject to separate assessment and taxation. The value of common elements must be allocated to each lot owner pursuant to 15-8-111 .

# (2)

The assessment provisions of subsection (1) are not negated by the existence or formation of a contract between the developer and lot purchasers or an agreement among lot purchasers that would attempt to obligate the developer or an association of lot owners to pay taxes on the common elements.

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In this chapter (40 sections)
  1. 15-8-203 · Repealed
  2. 15-8-204 · Supplemental Assessment
  3. 15-8-205 · Initial Assessment Of Class Four Trailer, Manufactured Home,…
  4. 15-8-301 · Statement -- What To Contain
  5. 15-8-302 · Repealed
  6. 15-8-303 · Statement To Be Completed And Returned To Department
  7. 15-8-304 · Enforcement Powers Of Department
  8. 15-8-305 · Repealed
  9. 15-8-306 · Property Concealed Or Misrepresented
  10. 15-8-307 · Land Assessment
  11. 15-8-308 · Assessment Not Illegal For Informality Or Delay
  12. 15-8-309 · Violation And Penalty
  13. 15-8-401 · Consigned Property
  14. 15-8-402 · Property Of Person
  15. 15-8-403 · Repealed
  16. 15-8-404 · Property Of Particular Types Of Firms
  17. 15-8-405 · Street Railroads, Bridges, And Ferries
  18. 15-8-406 · Assessment Of Public Utilities In One County
  19. 15-8-407 · Railroads
  20. 15-8-408 · Personal Property
  21. 15-8-409 · Property Not Otherwise Specified
  22. 15-8-501 · Assessment Of Unknown Or Absent Owners
  23. 15-8-502 · Representative Status To Be Designated
  24. 15-8-503 · Undistributed Property Of Deceased Persons
  25. 15-8-504 · Property And Money In Litigation
  26. 15-8-505 · Through 15-8-510 Reserved
  27. 15-8-511 · Undivided Interest In Common Elements Of Condominium Project…
  28. 15-8-512 · Common Elements Serving Residential Or Commercial Development
  29. 15-8-601 · Assessment Revision -- Conference For Review
  30. 15-8-701 · Property Tax Record -- Definition -- Listing Property In
  31. 15-8-702 · Persons Desiring To Be Listed
  32. 15-8-703 · Repealed
  33. 15-8-704 · Map Book
  34. 15-8-705 · Repealed
  35. 15-8-706 · Repealed
  36. 15-8-707 · Correction Of Defects In Property Tax Record
  37. 15-8-708 · Omissions In Delinquent Lists -- Correction By Publication
  38. 15-8-709 · Statement Of Changes To Be Sent To County Clerk And Recorder
  39. 15-8-710 · Property Tax Record Prima Facie Evidence
  40. 15-8-711 · List Of Owners Of Multiple, Undivided Interests In Parcel Of…
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