US Laws, Codes, Statutes & Cases

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 3
                   ASSESSMENT OF REAL AND PERSONAL PROPERTY
    63-309.  IMPROVEMENTS ON EXEMPT AND RAILROAD RIGHTS-OF-WAY LANDS -- EQUITY
IN STATE PROPERTY. (1) All taxable improvements on government, Indian, state,
county, municipal or other lands exempt from taxation, and all improvements on
all railroad rights-of-way owned separately from the ownership of the
rights-of-way upon which the same stands, or in which nonexempt persons have
possessory interests, shall be assessed and taxed as personal property.
    (2)  Property of the state of Idaho or any department, agency or
subdivision thereof, or any other property not subject to property taxation to
the owner thereof by reason of the legal status of the owner, held under
contract of sale or lease with option to purchase, with lease moneys
applicable to the purchase price, by any person, corporation or other
association for his or its exclusive use, shall be subject to the purchaser or
lessee for property taxation. When such property is held under a contract of
sale or other agreement whereby on certain payment or payments the legal title
is or may be acquired by such person, firm, corporation or association, such
property shall be assessed to such person, firm, corporation or association
and taxed without deduction on account of the whole or any part of the
purchase price or other sum due on such property remaining unpaid. The lien
for any such property tax shall neither attach to, impair or be enforced
against any interest of the state of Idaho or any department, agency or
subdivision thereof.
    (3)  Refusal to pay the property tax levied upon any equity in state
property by the owner upon demand by the tax collector shall operate as
forfeiture of such equity.