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Timber Valuation
The Department will be using a weighted mean versus the mid point of a grade for the timber valuations. The following spreadsheet shows the comparison between the two methods.
The Joint Select Committee on Reappraisal will be meeting every Tuesday and Friday in Room 335. Following are the handouts the committee has received (in addition to the other handouts listed below on this page).
Vaulation State - 15-7-201, MCA
Commodity prices used for the 2009 ag valuation
Ag Reappraisal Information Jan. 19, 2009
Non-resident Ag/Forest Land Ownership
Tuesday, February 3
Taxation of Forest Land in Montana
Forest Land Reappraisal Information
Forest Land Changes in Value
January 8, 2008 - Joint Committee on Reappraisal - The Department of Revenue distributed additional information regarding ag and forest reappraisal.
Updated spreadsheets with preliminary data for agricultural and forest lands.
Change in value by county
Taxation of Ag Land in Montana.
Letter to Ag Forest Owners.
History of Ag Appraisal
History of Timber Appraisal.
December 8, 2008 - Revenue and Trasnportation Interim Committee
December 11, 2008 - Ag Advisory Committee
December 16, 2008 - Reappraisal Subcommittee of the Revenue and Transportation Interim Committee
The Department of Revenue is completing the first comprehensive agricultural revaluation in over 30 years. Although production values had been updated, classification and the productivity of the various land classes by county had remained constant. The department has produced a wealth of information for agricultural and timber land owners. An agricultural advisory committee met during the interim to provide suggestions and guidance to the Department. They produced a final report that was released on December 9 .
A press release on December 10 explaining the process of how the department would begin notifying landowners
On December 11 the department began mailing maps and FAQs to the approximate 25,000 landowners. They expect the process to continue for the next 12 weeks.
Landowners are encouraged to take the time and reveiw the information and contact the department if they have questions.
Irrigated ag land owners are highly encouraged to complete the questionnaire they will be receiving along with the maps. Irrigated ag land valuations are affected by energy, labor and water availability. The department utilizes producer information to make adjustments to the final value.
Be sure to check out the following files to obtain more information on the reappraisal.
Understanding the Proposed Agricultural and Forest Land Reappraisal Project
Frequently Asked Questions for the Agricultrual/Forest Land Reappraisal
They have also produced spreadsheets with preliminary data for agricultural and forest lands.
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