Therefore, the court held that the assessor did not apply a fundamentally wrong principle in assessing the condominiums as individual units and using the sales comparison approach to ensure that the taxable value
of each unit did not exceed its full cash value.
H2-Property owners with lower taxable value
are more likely to be delinquent due to lower enforcement for lower taxable values
If the accommodation has been taken on rent by the employer, the taxable value
is 15 per cent salary or the rent paid, whichever is lower.
BJ's Wholesale Club Distribution Center's recently won a settlement to reduce its taxable value
by $6 million, Ms.
Table 3 Montana's Property Tax Base (Taxable Values
) FY 1986 FY 2001 Million of Million of Dollars Percent Dollars Percent Resources $768 32 $14 1 Ag Land 142 6 133 8 Res/Comm 677 29 927 55 Utilities 365 15 378 22 All Other 418 18 228 14 Total $2,370 100% $1,680 100% Source: Montana Department of Revenue, Bennial Reports and unpublished data.
The property tax levy is calculated using taxable values
; any increase is generally limited to the lesser of 5% or the rate of inflation, excluding new construction.
Growth prospects for revenue appear positive, based on solid post-recession gains in both taxable values
and sales tax receipts as well as ongoing economic development.
3 The 1995 Montana legislature directed that taxable values
for business and agricultural equipment be gradually reduced from 9 percent to 6 percent of market value beginning in fiscal year 1997.
The A2 rating assignment reflects the District's increasing taxable values
and strong financial reserves.
Before we examine these internal differences in more detail, a few observations about the overall direction of Montana's taxable values
. Figure 1 shows the plunge when natural resources were removed from the taxable base in 1990.
Table 1 reports statewide taxable values
, mill rates, and taxes levied for each year from 1987 through 1994.
Increase in debt without corresponding growth in taxable values