Centrally Assessed properties are appraised and taxed at the state level instead of the county level and include:
- Railroad
- Rail car
- Microwave Transmitters
- Telecommunications
- Telephone cooperatives
- Gas utilities
- Electric utilities
- Electric cooperatives
- Ditch
- Canal
- Flume
- Natural Gas Pipeline
- Oil pipeline
- Airlines
Centrally Assessed Requirements
To be centrally assessed, the property must be either:
- Physically Connected Property
- The company has property that crosses a county or state line.
- Unity of Operation
- The company has property that works as a single entity across a county or state line, even if it isn’t physically connected.
(15-23-101, MCA and ARM 42.22.102)
Centrally Assessed Property Appraisal
We value Centrally Assessed property using the Unit method and may include a:
- Cost indicator
- Capitalized income indicator
- Market indicator
We use an industry capitalization rate to estimate values when relying on the capitalized income indicator.
We perform an annual capitalization rate study for each industry to set the capitalization rates.
You can learn more about the study on our Capitalization Rate Studies page. (ARM 42.22.111)
Reports and Resources
Centrally Assessed Property Company Values
Class 12 Tax Rate Computations
Car Lines Mill Levy
Railroad and Rail Car Resources
Other Reports and Memos
Quick Information
Important Dates
- Assessment Date
- January 1
- Reporting Deadline
- March 31
Related Forms and Links
- New and Expanding Industry Classification Application (Form CAB-1)
- Air or Water Pollution Control and Carbon Capture Equipment Certification Application (Form CAB-2)
- Value-added Manufacturing Machinery Certification Application (Form CAB-4)
- Request for Informal Review for Centrally Assessed Companies (Form CAB-8)
- Notice of Referral to the Office of Dispute Resolution for Centrally Assessed Companies (Form CAB-9)
- Railroad Car Company Annual Reporting Form (Form RCC-1, RCC-2, and RCC-3)
- Railroad Car Reporting Codes
- Railroad Car Company Time/Speed Studies
- Montana Industrial Sites Map
- Montana Levy District Map