Montana § 15-8-512 Common Elements Serving Residential Or Commercial Development

Montana Statutes

§ 15-8-512 — Common Elements Serving Residential Or Commercial Development

Montana § 15-8-512

Title 15TAXATION

Ch. 8ASSESSMENT PROCEDURE

Part 5To Whom Property Is Assessed

This text of Montana § 15-8-512 (Common Elements Serving Residential Or Commercial Development) 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. § 15-8-512 (2026).

Text

15-8-512 . Common elements serving residential or commercial development.

(1)Each lot in a residential or commercial development, regardless of whether improved or unimproved, is considered a parcel of real property subject to separate assessment and taxation. The value of common elements must be allocated to each lot owner pursuant to 15-8-111 .

(2)The assessment provisions of subsection (1) are not negated by the existence or formation of a contract between the developer and lot purchasers or an agreement among lot purchasers that would attempt to obligate the developer or an association of lot owners to pay taxes on the common elements.

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15-8-512 . Common elements serving residential or commercial development. (1) Each lot in a residential or commercial development, regardless of whether improved or unimproved, is considered a parcel of real property subject to separate assessment and taxation. The value of common elements must be allocated to each lot owner pursuant to 15-8-111 .
(2) The assessment provisions of subsection (1) are not negated by the existence or formation of a contract between the developer and lot purchasers or an agreement among lot purchasers that would attempt to obligate the developer or an association of lot owners to pay taxes on the common elements.