US Laws, Codes, Statutes & Cases

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 7
                             PROPERTY TAX RELIEF
    63-716.  DEFERRAL -- INTEREST -- LIEN -- PRIORITY. (1) Upon approval by
both the county board of equalization and the state tax commission, payment of
any amount of property tax due for the year to which the election relates,
after application of the property tax relief available under sections 63-701
through 63-710, Idaho Code, and subject to the limitation in section
63-717(2), Idaho Code, in regard to the qualified property subject to the
election, shall be deferred until the deferral is terminated under section
63-718, Idaho Code.
    (2)  During the period of deferral, interest shall accrue on the amount
deferred at the annual rate of six percent (6%) annually.
    (3)  The lien imposed by section 63-206, Idaho Code, shall continue to be
a lien on the property in the amount of deferred taxes and interest thereon.
The state tax commission shall file with the county recorder of the county in
which the property is located a notice of lien for deferred property taxes.
Notwithstanding the provisions of section 63-206, Idaho Code, the lien for
deferred taxes and interest shall not be a first and prior lien, but shall
take its priority from the date and time of filing of the notice of lien.