Montana § 15-24-1201 State And Other Exempt Property Held Under Contract -- When Taxable

Montana Statutes

§ 15-24-1201 — State And Other Exempt Property Held Under Contract -- When Taxable

Montana § 15-24-1201

Title 15TAXATION

Ch. 24SPECIAL PROPERTY TAX APPLICATIONS

Part 12State and Other Exempt Property

This text of Montana § 15-24-1201 (State And Other Exempt Property Held Under Contract -- When Taxable) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 15-24-1201 (2026).

Text

15-24-1201 . State and other exempt property held under contract -- when taxable. Property of the state of Montana or any department, agency, or subdivision of the state or any other property not subject to ad valorem tax to the owner of the property by reason of the legal status of the owner, held under contract of sale or lease with option to purchase with lease money applicable to the purchase price by any person for the person's exclusive use, is subject to assessment to the purchaser or lessee for ad valorem property taxation.

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15-24-1201 . State and other exempt property held under contract -- when taxable. Property of the state of Montana or any department, agency, or subdivision of the state or any other property not subject to ad valorem tax to the owner of the property by reason of the legal status of the owner, held under contract of sale or lease with option to purchase with lease money applicable to the purchase price by any person for the person's exclusive use, is subject to assessment to the purchaser or lessee for ad valorem property taxation.