Classes of Property
The property classification system is as follows (Tax Year 2004 taxable value percentages are in parenthesis):
Class 1
Net proceeds of mines and mining claims, except coal and
metal mines (100%)
Class 2
Gross proceeds of metal mines (3%)
Class 3
Agricultural land (3.30%)
Nonproductive patented mining
claims (3.30%)
Nonagricultural land 20 acres or more but under 160 acres
(23.10%)
For more information on Class 3 property, click here.
Class 4
Residential, commercial, and industrial land and
improvements (3.30%)
Golf courses (1.65%)
Mobile homes/Manufactured homes (3.30%)
For more
information on Class 4 property, click
here.
Class 5
Air and water pollution control equipment (3%)
Rural
electric and telephone cooperatives (3%)
Real and personal property of "new
industry" (3%)
Machinery and equipment used in electrolytic reduction
facilities (3%)
Real and personal property of research and development firms
(3%)
Real and personal property used to produce gasohol (3%)
Class 6
Repealed. Secs. 27,31, Chapter 285, L.1999 (Now Exempt)
Class 7
Qualifying rural electric associations (8%)
For more
information on Class 7 property, click
here.
Class 8
Business personal property (3%, possible phase-down
beginning in 2004, MCA 15-6-138)
For more information on Class 8
property, click here.
Class 9
Real & personal property of pipelines and the
non-electric generating properties of electric utilities (12%)
For more
information on Class 9 property, click here.
Class 10
Forest land (0.35%)
For more information on Class 10
property, click here.
Class 11
Repealed. Sec. 9, Chapter 267, L. 1993
Class 12
Real and personal property of railroads, railroad car
companies, and airlines recalculated each year (3.88% for tax year 2003, ) MCA
15-6-145
For more information on Class 12 property, click
here.
Class 13
Real & personal property of telecommunication utilities
and the electric generating property of electric utilities (6%)
For more
information on Class 13 property, click
here.
