Presentation - Property Tax Rules Committee - Idaho Association Of County Assessors 105th Annual Conference Page 13
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32RULE 626(NR)(T) - PROPERTY EXEMPT FROM
TAXATION – CERTAIN PERSONAL PROPERTY
(63-602KK)
▪ Makes the four temporary provisions in Rule 626T
(listed on slide 7) permanent
▪ In addition to slide 7 provisions a time frame for
reporting pp assessed locally but owned by an
operating property company is set-
Exempt operating PP set at $100,000 per county not to
exceed the amount reported; and then reduced by any
exemption granted by the assessor
– Assessor must notify the Commission of the value of the
exemption granted by the third Monday in July
– Then the Commission must then notify the operating
property company of the reduced amount of the
exemption by the fourth Monday in July
13
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial