IDAPA 35.01.01.490 — PROPERTY FACTOR: AVERAGING PROPERTY VALUES (RULE 490)

Section 63-3027(16)(c), Idaho Code
01.
In General. The average value of property owned by a taxpayer is to be determined by averaging
the values at the beginning and end of the taxable year.
(4-6-23)
02.
Monthly Averaging. The Tax Commission may require or allow averaging by monthly values if
that method of averaging is required to properly reflect the average value of the taxpayer's property for the taxable
year. Averaging by monthly values generally applies if there are substantial fluctuations in the property values during
the taxable year or if property is acquired or disposed of during the taxable year.
(4-6-23)
03.
Rented Property. Rented property is averaged automatically by determining the net annual rental
rate of the property as set forth in Rule 485 of these rules.
(4-6-23)