Montana § 7-15-4261 - Exemption From Taxation For Certain Property
Full text of Montana Montana Code Annotated § 7-15-4261 — Exemption From Taxation For Certain Property, with citation guidance and answers to common questions.
§ 7-15-4261. Exemption From Taxation For Certain Property
Exemption from taxation for certain property. (1) The property of a municipality acquired or held for the purposes of this part is declared to be public property used for essential public and governmental purposes, and such property shall be exempt from all taxes of the municipality, the county, the state, or any political subdivision thereof. (2) Such tax exemption shall terminate when the municipality sells, leases, or otherwise disposes of such property in an urban renewal area to a purchaser or lessee which is not a public body or other organization normally entitled to tax exemption with respect to such property.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 7-15-4261
What does Montana Code Annotated § 7-15-4261 cover?
Section 7-15-4261 ("Exemption From Taxation For Certain Property") 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 § 7-15-4261?
A common citation format is "Montana Code Annotated § 7-15-4261" (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 § 7-15-4261 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.