Table of Contents TITLE 61. MOTOR VEHICLES CHAPTER 3. CERTIFICATES OF TITLE, REGISTRATION, AND TAXATION OF MOTOR VEHICLES Part 5. Taxes, Fees, and Fees in Lieu of Taxes
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61-3-501 61-3-503 61-3-506 61-3-507 61-3-509 61-3-520 61-3-529 61-3-535 61-3-537 61-3-550 61-3-562 61-3-570

Mont. Code Ann. § 61-3-503

(2007)

Assessment -- definition

(1) (a) Except as provided in 61-3-520, light vehicles subject to a local option motor vehicle tax under 61-3-537 must be assessed the tax as of the first day of the registration period, using the depreciated value of the manufacturer's suggested retail price as determined in subsection (2).

(b) If the depreciated value is less than $500, the department shall value the motor vehicle at $500.

(2) (a) Except as provided in subsections (2)(c) and (2)(d), the depreciated value for the taxation of light vehicles is computed by multiplying the manufacturer's suggested retail price by a percentage multiplier based on the type and age of the light vehicle determined from the following table:

Age of Vehicle Type of Vehicle
(in years)AutomobileTruckVanSport Utility
-1100%100%100%100%
090969398
180918694
269867890
358806984
449736076
541665267
633574557
726493848
821433239
917372733
1014312229
1112261825
1210221522
1309181321
1409151119
1509130917
1609120915

(b) The age for the light vehicle is determined under 61-3-501.

(c) If the value of the light vehicle determined under subsection (2)(a) is $500 or less, the value of the light vehicle is $500 and the value must remain at that amount as long as the light vehicle is registered.

(d) The depreciated value of a light vehicle that is 17 years old or older is computed by depreciating the value obtained for the vehicle at 16 years old, as determined under subsection (2)(a), by 10% a year until a minimum value of $500 is attained. The value must remain at that amount as long as the light vehicle is registered.

(3) (a) For the purposes of this section, "manufacturer's suggested retail price" means the price suggested by the manufacturer for each given type, style, or model of light vehicle produced and first made available for retail sale by the manufacturer.

(b) The manufacturer's suggested retail price is based on standard equipment of a light vehicle and does not contain price additions or deductions for optional accessories.

(c) When a manufacturer's suggested retail price is unavailable for a motor vehicle, the department shall determine an alternative valuation for the motor vehicle.

Official Annotations archive.org, 2007 edition
History:
Ap. p. Sec. 5, Ch. 75, L. 1917
Amd. Sec. 1, Ch. 207, L. 1919
Re-en. Sec. 1759, R.C.M. 1921
Amd. Sec. 22, Ch. 113, L. 1925
Amd. Sec. 2, Ch. 181, L. 1929
Amd. Sec. 1, Ch. 158, L. 1931
Amd. Sec. 1, Ch. 158, L. 1933
Re-en. Sec. 1759, R.C.M. 1935
Amd. Sec. 1, Ch. 72, L. 1937
Amd. Sec. 1, Ch. 195, L. 1953
Amd. Sec. 1, Ch. 256, L. 1955
Amd. Sec. 1, Ch. 223, L. 1957
Amd. Sec. 1, Ch. 245, L. 1963
Amd. Sec. 1, Ch. 290, L. 1967
Amd. Sec. 9, Ch. 296, L. 1967
Amd. Sec. 3, Ch. 214, L. 1971
Amd. Sec. 12, Ch. 74, L. 1975
Amd. Sec. 1, Ch. 55, L. 1977
Amd. Sec. 1, Ch. 521, L. 1977
Amd. Sec. 43, Ch. 566, L. 1977
Sec. 53-114, R.C.M. 1947
Ap. p. Sec. 9, Ch. 74, L. 1975
Sec. 53-162, R.C.M. 1947
R.C.M. 1947, 53-114(2), (5), 53-162
Amd. Sec. 39, Ch. 421, L. 1979
Amd. Sec. 14, Ch. 712, L. 1979
Amd. Sec. 2, Ch. 262, L. 1981
Amd. Sec. 31, Ch. 614, L. 1981
Amd. Sec. 23, Ch. 516, L. 1985
Amd. Sec. 26, Ch. 611, L. 1987
Amd. Sec. 1, Ch. 349, L. 1989
Amd. Sec. 5, Ch. 525, L. 1989
Amd. Sec. 1, Ch. 8, Sp. L. June 1989
Amd. Sec. 7, Ch. 604, L. 1991
Amd. Sec. 133, Ch. 27, Sp. L. November 1993
Amd. Sec. 9, Ch. 580, L. 1995
Amd. Sec. 23, Ch. 200, L. 1997
Amd. Sec. 23, Ch. 496, L. 1997
Amd. Sec. 32, Ch. 515, L. 1999 (HB 540 - Grinde, Larry (R) HD 94)
Amd. Sec. 112, Ch. 542, L. 2005 (SB 285 - Story, Bob (R) SD 30)
Amd. Sec. 90, Ch. 596, L. 2005 (HB 671 - Musgrove, John (D) HD 34)
Amd. Sec. 32, Ch. 329, L. 2007 (HB 737 - Hilbert, Edward (R) HD 38)
Source text on leg.mt.gov