Montana Code 15-23-803. Valuation — gross proceeds
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15-23-803. Valuation — gross proceeds. On or before July 1 each year, the department shall determine the merchantable value of all metal production from the previous calendar year. The department shall record the merchantable value in the property tax record after subtracting the portion of the proceeds exempt from property taxation.
Terms Used In Montana Code 15-23-803
- Merchantable value: means the receipts of all salable metals produced or extracted in a county over a 12-month period. See Montana Code 15-23-801
- Property: means real and personal property. See Montana Code 1-1-205