Montana Code 7-8-2307. Tax liability of purchased tax-deed lands
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7-8-2307. Tax liability of purchased tax-deed lands. (1) On January 1 following the execution of a contract or deed, the land is subject to taxation in the name of the purchaser or the purchaser’s assignee.
Terms Used In Montana Code 7-8-2307
- Contract: A legal written agreement that becomes binding when signed.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Property: means real and personal property. See Montana Code 1-1-205
(2)If the taxes are not paid and become delinquent, the contract is subject to cancellation and all payments made must be regarded as rent for the property.