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.
2025 Capitalization Rate Study
Sections
Comment Period Runs Until April 4, 2025
Sections
Comments
In accordance with 15-1-210, MCA, we reviewed all comments provided during the comment period and provided responses:
Comments Received
Department Responses
Sections
Comments
In accordance with 15-1-210, MCA, we reviewed all comments provided during the comment period and responded:
Sections
- Narrative & Appendix (PDF, 340 KB)
- Airlines – Freight (PDF, 566.3 KB)
- Airlines – Passenger (PDF, 597.2 KB)
- Pipelines – Gas (PDF, 580.1 KB)
- Pipelines – Incorporated (PDF, 563.2 KB)
- Pipelines – Liquid (PDF, 561.8 KB)
- Railroads (PDF, 528.3 KB)
- Electric Utilities (PDF, 651.8 KB)
- Telecommunications – Large (PDF, 526.5 KB)
- Telecommunications – Medium and Small (PDF, 558.6 KB)
Comments
In accordance with 15-1-210, MCA, we reviewed all comments provided during the comment period and responded:
Sections
- Narrative (PDF, 178 KB)
- Freight Airlines (PDF, 347 KB)
- Passenger Airlines (PDF, 351 KB)
- Pipelines Gas (PDF, 355 KB)
- Pipelines Incorporated (PDF, 349 KB)
- Pipelines Liquid (PDF, 354 KB)
- Railroads (PDF, 347 KB)
- Electric Utilities (PDF, 350 KB)
- Large Telecommunications (PDF, 344 KB)
- Small and Medium Telecommunications (PDF, 351 KB)
- Appendix (PDF, 407 KB)
Comments
In accordance with 15-1-210, MCA, we reviewed all comments provided during the comment period and responded: