Escrow & Title
In Montana, property taxes are paid in:
AOne annual payment due December 31
BTwo installments, with the first half due November 30 and the second half due May 31✓ Correct
CFour quarterly installments
DMonthly installments through the mortgage servicer only
Explanation
Montana property taxes are typically paid in two installments: the first half is due November 30 and the second half is due May 31 of the following year. Proration of taxes at closing is based on the annual tax divided by days.
Related Montana Escrow & Title Questions
- In Montana, 'joint escrow instructions' are signed by both buyer and seller to:
- In Montana, a homestead declaration protects a portion of a primary residence's equity from:
- In Montana, a satisfaction of mortgage (or deed of reconveyance for a deed of trust) should be recorded after loan payoff to:
- In Montana, a 'subordination agreement' in real estate means that:
- In Montana, 'title by adverse possession' differs from title obtained by deed in that the adverse possessor:
- In Montana, a 'closing protection letter' (CPL) from a title company provides assurance to:
- In Montana, a 'title plant' search versus a 'county records' search for title insurance purposes differs in that:
- In Montana, a buyer's lender typically requires title insurance for which primary reason?
Practice More Montana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Montana Quiz →