§ 15-6-201 Governmental, charitable, and educational categories — exempt property
§ 15-6-202 Freeport merchandise and business inventories exemption — definitions
§ 15-6-203 Veterans’ exemptions — clubhouse — land — incompetent veterans’ trusts
§ 15-6-204 Money and credits exemption
§ 15-6-205 State water conservation projects exempt
§ 15-6-206 Irrigation and drainage facilities — when exempt
§ 15-6-207 Agricultural producer exemptions — products — unused beet equipment — low-value buildings, implements, and machinery
§ 15-6-208 Mineral exemptions — small coal or metal mines producer — travertine — bentonite
§ 15-6-209 Community services buildings exempt
§ 15-6-210 Repealed
§ 15-6-211 Repealed
§ 15-6-212 Repealed
§ 15-6-213 Down-hole equipment in oil and gas wells exempt
§ 15-6-214 Terminated
§ 15-6-215 Exemption for motion picture and television commercial property
§ 15-6-216 Exemption of improvements made to commercial buildings to remove barriers to persons with disabilities
§ 15-6-217 Exemption for vehicle of certain health care professionals
§ 15-6-218 Intangible personal property exemption
§ 15-6-219 Personal and other property exemptions
§ 15-6-220 Agricultural processing facilities exemption
§ 15-6-221 Exemption for rental housing providing affordable housing to lower-income tenants
§ 15-6-222 Repealed
§ 15-6-223 Timber exemption
§ 15-6-224 Nonfossil energy generation
§ 15-6-225 Small electrical generation equipment exemption
§ 15-6-226 Terminated
§ 15-6-227 Property on railroad land leased by nonprofit organizations
§ 15-6-228 Property subject to registration fee
§ 15-6-229 Exemption for land adjacent to transmission line right-of-way easement — application — limitations
§ 15-6-230 Temporary exemption for certain tribal property — rulemaking
§ 15-6-231 Terminated
§ 15-6-232 Terminated
§ 15-6-233 Terminated
§ 15-6-234 Duty to report change in use
§ 15-6-235 New property tax exemptions — department notification to local governments
§ 15-6-240 Intangible land value property exemption — application procedure
§ 15-6-241 Mobile home exemption
§ 15-6-242 Exemption — abandoned housetrailer, manufactured home, or mobile home
§ 15-6-243 Fiber optic or coaxial cable abatement — review and comment by local taxing jurisdictions

Terms Used In Montana Code > Title 15 > Chapter 6 > Part 2 - Tax-Exempt Property

  • Appraisal: A determination of property value.
  • Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Devise: To gift property by will.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • Personal property: All property that is not real property.
  • Personal property: means money, goods, chattels, things in action, and evidences of debt. See Montana Code 1-1-205
  • Process: means a writ or summons issued in the course of judicial proceedings. See Montana Code 1-1-202
  • Property: means real and personal property. See Montana Code 1-1-205
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
  • United States: includes the District of Columbia and the territories. See Montana Code 1-1-201
  • Usage: means a reasonable and lawful public custom concerning transactions of the same nature as those which are to be affected thereby, existing at the place where the obligation is to be performed, and either known to the parties or so well established, general, and uniform that the parties must be presumed to have acted with reference thereto. See Montana Code 1-1-206