Administrative Rules of Montana
Department 42 - REVENUE
Chapter 42.22 - CENTRALLY ASSESSED PROPERTY
Subchapter 42.22.13 - Market Value of Industrial Property
Rule 42.22.1309 - VALUATION METHODS FOR INDUSTRIAL PROPERTIES
Universal Citation: MT Admin Rules 42.22.1309
Current through Register Vol. 6, March 22, 2024
(1) When determining the market value of industrial properties, department appraisers may consider, based on generally accepted appraisal principles, the cost approach, the income approach, and the market approach to value, if the necessary information is available.
(2) Extraordinary functional and/or economic obsolescence is treated on a case-by-case basis.
(3) Through the appraisal process, the department shall arrive at a valuation that most accurately estimates market value.
15-1-201, MCA; IMP, 15-8-111, MCA;
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