US Laws, Codes, Statutes & Cases

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 2
                      DEFINITIONS -- GENERAL PROVISIONS
    63-208.  RULES PERTAINING TO MARKET VALUE -- DUTY OF ASSESSORS. (1) It
shall be the duty of the state tax commission to prepare and distribute to
each county assessor and the county commissioners within the state of Idaho,
rules prescribing and directing the manner in which market value for
assessment purposes is to be determined for the purpose of taxation. The rules
promulgated by the state tax commission shall require each assessor to find
market value for assessment purposes of all property, except that expressly
exempt under chapter 6, title 63, Idaho Code, within his county according to
recognized appraisal methods and techniques as set forth by the state tax
commission; provided, that the actual and functional use shall be a major
consideration when determining market value for assessment purposes.
    (2)  To maximize uniformity and equity in assessment of different
categories of property, such rules shall, to the extent practical, require the
use of reproduction or replacement cost less depreciation as opposed to
historic cost less depreciation whenever cost is considered as a single or one
(1) of several factors in establishing the market value of depreciable
property. The state tax commission shall also prepare and distribute
amendments and changes to the rules as shall be necessary in order to carry
out the intent and purposes of this title. The rules shall be in the form as
the commission shall direct, and shall be made available upon request to other
public officers and the general public in reasonable quantities without
charge. In ascertaining the market value for assessment purposes of any item
of property, the assessor of each county shall, and is required to, abide by,
adhere to and conform with rules promulgated by the state tax commission.