Transfer Of TitleTaxesMEDIUM
Montana residential property assessment:
Correct Answer
B) Based on taxable value at reduced percentage
Montana uses taxable value at reduced percentage.
Answer Options
A
100% of market valueB
Based on taxable value at reduced percentageC
50%D
25%Audio Lesson3 min
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Related Topics & Key Terms
Related Topics:
property-tax-calculationmarket-value-vs-assessed-valuestate-specific-assessment-methods
Key Terms:
property tax assessmenttaxable valueMontana Code Annotatedassessment ratioresidential property tax
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