Montana § 15-7-403 - Rollback Tax -- Computation
Full text of Montana Montana Code Annotated § 15-7-403 — Rollback Tax -- Computation, with citation guidance and answers to common questions.
§ 15-7-403. Rollback Tax -- Computation
Rollback tax -- computation. (1) (a) Subject to 15-10-420 , if land and improvements appraised as residential as a result of an application filed under 15-7-402 are changed to industrial or commercial use, the property is subject to a rollback tax in addition to the property tax levied on the property. The rollback tax is a lien on the property and is due and payable by the owner of the property at the time of the change in use. (b) As used in this section, "rollback" means the period preceding the change in use, not to exceed 5 years, during which the property was appraised as residential. (2) The department shall determine the amount of rollback tax due on the property by: (a) determining the taxable value of the property as industrial or commercial property; (b) multiplying this value by the sum of the annual mill levies applied in the taxing jurisdiction in which the land is located during the rollback period; and (c) subtracting from this figure the actual property tax paid on the property during this period.
Frequently Asked Questions About Montana § 15-7-403
What does Montana Code Annotated § 15-7-403 cover?
Section 15-7-403 ("Rollback Tax -- Computation") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 15-7-403?
A common citation format is "Montana Code Annotated § 15-7-403" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 15-7-403 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.