We rely on property owners to volunteer the income and expense information we need to determine the appropriate rent, expense, and capitalization rates use for property valuation.
We do not use information provided to value individual properties.
We combine information from property owners of similar property types to build a model we can use across the state.
Reporting your income and expense information is voluntary.
However, if you do not provide this information, it may impact your ability to appeal property values used for property taxation in the future. We will also request you provide this information if you Request an Informal Classification and Appraisal Review. If you refuse to provide this information during a review, we will make our determination based on the information we have available and you may be charged a penalty. (15-1-303, MCA)
We do not share the information you give us. We will keep everything you report confidential.
We have two online forms available through My Revenue:
Please complete the appropriate report for each property you own for the tax years 2016 and 2017.
Income and Expense Reporting Forms are due on April 15.
When reporting income, please do not include income associated with a business occupying the property.
If you occupy the property, provide only the operating expenses.