Tax & Accounting Blog

Montana—Class 8 Personal Property

Blog, ONESOURCE, ONESOURCE Property Tax May 9, 2013

Montana has enacted new legislation for class 8 personal property. Effective for tax years beginning after 12/31/13, the first $100,000 of taxable market value of class 8 personal property is exempt from tax. This legislation also provides a tax rate of 1.5% on the first $6 million of class 8 personal property taxable market value in addition to the exempt amount.