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Tax
Structure
Montana law enables local governments to establish Tax Increment
Financing Industrial Districts (TIFID) and to use a portion of
tax revenue for development and redevelopment activities within
these districts.
Those tax dollars are earmarked for special funds, which are
dedicated to the development of infrastructure to support businesses
in those districts and in some cases, to provide loans.
Two Tax Increment Financing Industrial Districts (TIFID) have
been designated in Anaconda-Deer Lodge County. New tax dollars
which accrue from new development within the boundaries of these
TIFIDs assist further development within the district. These
new tax dollars or tax increments are determined by measuring
increased taxable valuation against a base taxable value.
More Information on Anaconda Taxes:
|
Valuation
of County |
$10,083,670.00 |
Property
Tax Rate (per $1000 of assessed value) by allocation:
|
Year: |
2003 |
|
City: |
112.64 |
|
County: |
155.64 |
|
School: |
367.41 |
|
Other: |
102.29 |
Assessment
Ratio (percent of market value):
|
City: |
15.26% |
|
County: |
21.09% |
|
School: |
49.78% |
|
Other: |
13.86% |
Bond
Indebtedness:
|
General
Obligation: |
5.00 |
|
Revenue: |
0.00 |
|
Total: |
737.98 |
|
Tax
Rate (Year): |
2001 |
|
Tax
Rate: |
3.46% |
For additional information regarding Anaconda's tax structure,
contact the Anaconda Local Development Corporation:
Anaconda Local Development Corp.
James H. Davison
118 East Seventh St.
Anaconda, MT 59711
Phone: (406) 563-5538
Fax: (406) 563-3275
Email: jdavison@montana.com
Available
Incentives for Prospective Investors
Corporate
Income Tax Incentive
New manufacturing operations in Montana receive a corporate income
tax credit equal to 1% of the wages paid during each of the first
three years of operation. If a company qualifies as a research
and development firm, that company could receive an exemption
from corporate income taxes during its first five taxable years
of activity in Montana.
Corporate
Property Tax Incentive for Research and Development
Business equipment belonging to a qualified research and development
company may be taxed at approximately 1% of market value in perpetuity.
Property
Tax Incentive Detail
There are several programs, both at the local and state level,
that are currently in place that can significantly reduce property
tax liability. These programs either reduce the taxable value
of property or apply a reduced tax rate to the property's assessed
value.
New
or Expanding Industries Property Tax Incentive
A new or expanding industries option is available at the local
government level. If approved by the local governing body (Deer
Lodge County), property used by certain new or expanding industries
is eligible for a reduced taxable valuation (up to 50% of its
taxable valuation for the first five years) during the first
nine years after construction or expansion. This local tax break
cannot be used in conjunction with a State-approved tax break.
This tax break is not available in the TIFID areas.
For additional information regarding the latest tax incentives
for investment in Anaconda, contact the Anaconda Local Development
Corporation:
Anaconda Local Development Corp.
James H. Davison
118 East Seventh St.
Anaconda, MT 59711
Phone: (406) 563-5538
Fax: (406) 563-3275
Email: jdavison@montana.com
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