Classes of Property
The property classification system is as follows (Tax Year 2008 taxable value percentages are in parenthesis):
Class 1
Net proceeds of mines and mining claims, except bentonite, coal and
metal mines (100%)
Class 2
Gross proceeds of metal mines (3%)
Class 3
Agricultural land (3.01%)
Nonproductive patented mining
claims (3.01%)
Nonagricultural land 20 acres or more but under 160 acres
(21.07%)
Class 3 property
Class 4
Residential, commercial, and industrial land and
improvements (3.01%)
Golf courses (1.51%)
Mobile homes/Manufactured homes (3.01%)
Class 4 property
Class 5
Air and water pollution control equipment (3%)
Rural
electric and telephone cooperatives (3%)
Real and personal property of "new
industry" (3%)
Machinery and equipment used in electrolytic reduction
facilities (3%)
Real and personal property of research and development firms
(3%)
Real and personal property used to produce gasohol (3%)
Class 6
Repealed. Secs. 27,31, Chapter 285, L.1999 (Now Exempt)
Class 7
Qualifying rural electric associations (8%)
For more
information on Class 7 property, click
here.
Class 8
Business personal property (3%)
Class 8
property
Class 9
Real & personal property of pipelines and the
non-electric generating properties of electric utilities (12%)
Class 9 property
Class 10
Forest land (0.35%)
Class 10
property
Class 11
Repealed. Sec. 9, Chapter 267, L. 1993
Class 12
Real and personal property of railroads, railroad car
companies, and airlines recalculated each year (3.44% for tax year 2008, ) MCA
15-6-145
Class 12 property
Class 13
Real & personal property of telecommunication utilities
and the electric generating property of electric utilities (6%)
Class 13 property
Class 14
Qualifying wind generation facilities; biodiesel production facilities constructed after June 1, 2007; biogas production facilities constructed after June 1, 2007; biomass gasification facilities; coal gasification facilities, ethanol production facilities constructed after June 1, 2007; geothermal facilities; integrated gasification combined cycle facility that sequesters carbon dioxide; renewable energy manufacturing facilities constructed after June 1,
2007; natural gas combined cycle facilities; equipment used to capture and prepare for transport carbon dioxide that will be sequestered or injected for enhancing the recovery
of oil and gas constructed after December 31, 2007; qualifying high-voltage transmission lines constructed after June 1, 2007; qualifying alternating current transmission lines and equipment constructed after June 1, 2007. (3%)
Class 15
DEQ certified carbon dioxide pipelines used for transportation of carbon dioxide for the purpose of sequestration or use in closed-loop enhanced oil recovery operations; DEQ qualified liquid pipelines; equipment used in closed-loop enhanced oil recovery operations; qualifying pipelines and equipment carrying products other than carbon dioxide that originate at a qualifying wind generation facility and terminate at an existing pipeline or facility. (3%)
Class 16
Qualifying high voltage direct-current converter stations constructed in a location that the converter station can direct power to two different regional power grids. (2.25%)
