Land Use & Zoning
Montana's 'agricultural exemption' from subdivision review does NOT apply when:
AThe divided parcels will be used for crops
BThe parcels are being divided for residential development or non-agricultural use✓ Correct
CThe farm is in a rural county
DThe total parcel is over 20 acres
Explanation
The Montana agricultural exemption from subdivision review is lost when divided parcels are intended for residential development or non-agricultural uses. The exemption is intended to facilitate continued agricultural operations, not to evade subdivision requirements for development.
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Key Terms to Know
Adjustable-Rate Mortgage (ARM)
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Capitalization Rate (Cap Rate)A rate used to estimate the value of income-producing property, calculated as Net Operating Income divided by property value.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
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