Business/ag. (property tax) at Idaho Tax

Tax Commission launches new website geared to mobile devices, easier searching

Thu, 02 May 2013 12:07:04 MST

BOISE, IDAHO — May 2, 2013 — The Idaho State Tax Commission launched its redesigned website (tax.idaho.gov) this week. The new site is adaptable for use with mobile devices like smartphones and tablets, and offers improved organization and navigation. (Read more)

New Idaho law allows property tax exemption for $100,000 in personal property value for businesses

Wed, 17 Apr 2013 09:58:57 MST

BOISE, IDAHO — April 17, 2013 — Due to a new tax law (House Bill 315) that takes effect immediately, businesses can exempt the first $100,000 of their personal property value under one ownership in any county. Businesses with locations in more than one county in Idaho can exempt up to $100,000 of the personal property value in each county in which the property is located. (Read more)

Idaho’s first comprehensive personal property tax report just released

Tue, 18 Dec 2012 04:56:31 MST

BOISE, IDAHO — Dec. 18, 2012 — The Idaho State Tax Commission has released its first comprehensive study of business personal property, in preparation for the 2013 Legislative session. In Idaho, property tax usually applies to real property (land and buildings), business personal property (furniture and equipment), and operating property (public utilities and railroads). (Read more)

You're cordially invited to attend our monthly Open Meetings

Thu, 26 Jan 2012 04:33:41 MST

We’ve added a new button at the top of our home page for details about our Open Meetings--including schedules, agendas, dates, times, and protocol. You're invited to attend these meetings and comment in person or submit comments in writing if you prefer. Click on the “Open Meetings” button to visit the new page.

Latest Tax Update newsletter now available

Mon, 27 Jun 2011 05:09:22 MST

Tax Update for June 2011 is now on our website. This edition features new tax laws passed by the 2011 Idaho Legislature.

Property Tax Rules Committee Meeting

Fri, 05 Nov 2010 01:38:15 MST

Property Tax Rules Committee will be meeting Tuesday, November 9, 2010, at 9:00 a.m. in the 5th floor conference room, 5CR3.

History of Property Tax in Idaho

Wed, 16 Sep 2009 03:10:48 MST

The History of Property Tax in Idaho reflects the history through present, 2009, and is now available.

Interest Rate for Agricultural Lands as Required by Idaho Code 63-602K for the 2010 Assessment Year

Wed, 09 Sep 2009 03:11:52 MST

The statutory interest rate under Idaho Code section 63-602K is 7.43% for assessment of qualifying land on the 2010 assessment roll.

In determining the speculative portion of value of agricultural land, Idaho Code section 63-602K requires the assessor to set a value “established by capitalization of economic rent or long-term average crop rental at a capitalization rate which shall be the rate of interest charged by the Spokane offices of the Farm Credit Service system averaged over the past five (5) years plus a component for the local tax rate.”

The Farm Credit Service System in Spokane currently provides the State Tax Commission with a five year history of their 20 year long term fixed loan rates. The current five year average of the 20 year fixed loan rates is 7.43%.

To get the 2010 capitalization rate for agricultural lands, add the 7.43% rate to the current tax rate selected for the code area where appraisals are made.

2010 Crop Prices

Wed, 09 Sep 2009 03:09:31 MST

Crop prices