Presentation - Property Tax Rules Committee - Idaho Association Of County Assessors 105th Annual Conference Page 7
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322015 Temporary (Emergency)Rules
Four temporary property tax rules were approved by
the Commission in 2015.
– 1) Rule 626T – Personal property exemption – made Rule
626 conform to the provisions of HB29a
Recovered tax is to be paid to the state and the future
replacement amount is to be reduced if the tax was included
in the original replacement funds calculation
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.
Most importantly provides that the exempt amount be
subtracted from the Idaho allocated value before the value is
apportioned to the various taxing districts.
For apportionment purposes, the size of railcar companies is
determined after the exemption is applied.
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