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Rule Title: VALUATION METHODS FOR INDUSTRIAL PROPERTIES
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Department: REVENUE, DEPARTMENT OF
Chapter: CENTRALLY ASSESSED PROPERTY
Subchapter: Market Value of Industrial Property
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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42.22.1309    VALUATION METHODS FOR INDUSTRIAL PROPERTIES

(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.

History: 15-1-201, MCA; IMP, 15-8-111, MCA; NEW, 1982 MAR p. 1270, Eff. 7/1/82; AMD, 2005 MAR p. 667, Eff. 4/29/05.


 

 
MAR Notices Effective From Effective To History Notes
4/29/2005 Current History: 15-1-201, MCA; IMP, 15-8-111, MCA; NEW, 1982 MAR p. 1270, Eff. 7/1/82; AMD, 2005 MAR p. 667, Eff. 4/29/05.
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