US Laws, Codes, Statutes & Cases

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 3
                   ASSESSMENT OF REAL AND PERSONAL PROPERTY
    63-301A.  NEW CONSTRUCTION ROLL. (1) The county assessor shall prepare a
new construction roll, which shall be in addition to the property roll, which
new construction roll shall show:
    (a)  The name of the taxpayer;
    (b)  The description of the new construction, suitably detailed to meet
    the requirements of the individual county;
    (c)  A description of the land and its change in use, suitably detailed to
    meet the needs of the individual county;
    (d)  The amount of taxable market value added to the property on the
    current year's property roll that is directly the result of new
    construction or a change in use of the land or both.
    (2)  As soon as possible, but in any event by no later than the first
Monday in June, the new construction roll shall be certified to the county
auditor and a listing showing the amount of value on the new construction roll
in each taxing district or unit be forwarded to the state tax commission on or
before the fourth Monday in July. Provided however, the value shown in
subsection (3)(f) of this section shall be reported to the appropriate county
auditor by the state tax commission by the third Monday in July and the value
sent by the county auditor to each taxing district. The value established
pursuant to subsection (3)(f) of this section is subject to correction by the
state tax commission until the first Monday in September and any such
corrections shall be sent to the appropriate county auditor, who shall notify
any affected taxing districts.
    (3)  The value shown on the new construction roll may include the value
increase from:
    (a)  Construction of any new structure that previously did not exist; or
    (b)  Additions or alterations to existing nonresidential structures; or
    (c)  Installation of new or used manufactured housing that did not
    previously exist within the county; or
    (d)  Change of land use classification; or
    (e)  Property newly taxable as a result of loss of the exemption provided
    by section 63-602W, Idaho Code; or
    (f)  The construction of any improvement or installation of any equipment
    used for or in conjunction with the generation of electricity and the
    addition of any improvement or equipment intended to be so used, except
    property that has a value allocated  or apportioned pursuant to section
    63-405, Idaho Code, or that is owned by a cooperative or municipality, as
    those terms are defined in section 61-332A, Idaho Code, or that is owned
    by a public utility, as that term is defined in section 61-332A, Idaho
    Code, owning any other property that is allocated or apportioned. No
    replacement equipment or improvements may be included; or
    (g)  Increases in value over the base value of property on the base
    assessment roll within an urban renewal revenue allocation area that has
    been terminated pursuant to section 50-2909(4), Idaho Code, to the extent
    that this increment has not been previously included on any new
    construction rolls, provided however, the increased value during the
    existence of the revenue allocation area is due to changes identified in
    subsections (a) through (e) of this subsection.
    (4)  The amount of taxable market value of new construction shall be the
change in net taxable market value that is attributable directly to new
construction or a change in use of the land or loss of the exemption provided
by section 63-602W(3), Idaho Code. It shall not include any change in value of
existing property that is due to external market forces such as general or
localized inflation.