Capitalization Rate Studies

We use the capitalization rate for each industry to determine the Centrally Assessed property values for companies in that industry.

Each year, we complete a Capitalization Rate Study to develop the capitalization rate of each industry. The Department will accept comments on the current year capitalization rates for 20 days after posting. We will post a response to each written comment we receive within 20 days of the close of the comment period.

2023 Capitalization Rate Study

Sections

  1. Narrative & Appendix
  2. Airlines – Freight
  3. Airlines – Passenger
  4. Pipelines – Gas
  5. Pipelines – Incorporated
  6. Pipelines – Liquid
  7. Railroads
  8. Electric Utilities
  9. Telecommunications – Large
  10. Telecommunications – Medium and Small
Comment Period runs until April 13, 2023

In accordance with 15-1-210, MCA, the department will accept comments on the 2023 Capitalization rate study until 5 p.m. on April 13, 2023. The department considers all the comments received prior to issuing the current year assessment notices and will post a response to each written comment received within 20 days of the close of the comment period. A change was made to the timing of the stock price used in certain calculations of a previously published version of this study, due to this change the comment period has been extended from April 6th to April 13th.

Comments can be emailed to DORUtilityForms@mt.gov.