Idaho H0551 amends the assessment of certain property, particularly new construction, by adjusting the taxable value inclusions and exclusions.

Idaho H0551 amends Section 63-301A of Idaho Code to revise the assessment of certain property, particularly new construction. The bill specifies that the taxable value of new construction should include 90% of the taxable market value increase from new structures, additions, alterations, and installations. It excludes certain exemptions and reductions in value. The bill also mandates that the new construction roll be certified to the county auditor by June 1st and forwarded to the state tax commission by July 4th.

Idaho H0551 amends the assessment of certain property, particularly new construction, by adjusting the taxable value inclusions and exclusions.

Idaho H0551 amends Section 63-301A of Idaho Code to revise the assessment of certain property, particularly new construction. The bill specifies that the taxable value of new construction should include 90% of the taxable market value increase from new structures, additions, alterations, and installations. It excludes certain exemptions and reductions in value. The bill also mandates that the new construction roll be certified to the county auditor by June 1st and forwarded to the state tax commission by July 4th.