Idaho State Tax Commission

Idaho State Tax Commission

This article is over 12 months old and may be out of date. Please check elsewhere on our website or contact us if you need more information.

Tax Commission News Release

Land developers have until May 1 to claim new property tax exemption for site improvements

BOISE, IDAHO — April 16, 2012 — Residential and commercial land developers have until May 1 to apply for a new property tax exemption for site improvements, according to the Idaho State Tax Commission.

House Bill (HB) 519 amended Idaho law to exclude improvements such as roads and utilities from being taxed, as long as the land they’re on is owned by the same developer responsible for putting them in.  If construction of other improvements, such as buildings, begins on the property or the land changes ownership, then the site improvements become taxable.

To be eligible for the exemption for 2012, developers must file an exemption application with both the assessor and commissioners of the county in which their property lies.  For more information, developers should contact their county assessor.  
 

Posted 04-16-2012

The information on this site is for general guidance only. Tax laws are complex and change regularly. We can't cover every circumstance in our website guides. This guidance may not apply to your situation. Please contact us with any questions. We work to provide current and accurate information on our website. But some information could have technical inaccuracies or typographical errors. If there's a conflict between current tax law and the information on our website, current tax law will govern.