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Personal property

Personal property includes all movable and tangible things that are not real property—such as money, goods, furniture, motor vehicles, animals, stocks, bonds, patents, copyrights, merchandise, and personal annuities.

In Montana, personal property is defined as property that is not permanently attached to or part of real estate. This includes movable and tangible items such as money, goods, furniture, motor vehicles, animals, and other items that can be owned and transferred. Additionally, personal property encompasses intangible assets like stocks, bonds, patents, copyrights, and personal annuities. The state of Montana requires the reporting of personal property for tax purposes, and individuals or businesses must annually report their taxable personal property to the Department of Revenue. The taxation of personal property is governed by Title 15 of the Montana Code Annotated (MCA), which outlines the assessment, valuation, and taxation procedures for personal property in the state.

Legal Articles

State Statutes

consumer goods

express warranties in leases of goods express warranties in sales of goods

implied warranties in leases of goods implied warranty in repairs

repossession of property

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Personal property

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Montana State Code

Montana State Code

Personal property

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