Administrative Rules of Montana
Department 42 - REVENUE
Chapter 42.22 - CENTRALLY ASSESSED PROPERTY
Subchapter 42.22.13 - Market Value of Industrial Property
Rule 42.22.1306 - VALUATION OF INDUSTRIAL PROPERTY OTHER THAN LAND
Universal Citation: MT Admin Rules 42.22.1306
Current through Register Vol. 6, March 22, 2024
(1) All property other than land or industrial improvements to land shall be valued by trending the original installed cost to a current replacement cost, then depreciating on an age/life basis to compensate for ordinary physical deterioration and/or functional obsolescence.
(2) If adequate market data exist, the department may apply the approaches to valuation described in ARM 42.22.1309.
15-1-201, MCA; IMP, 15-8-111, MCA;
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