IDAPA 35.01.03.314 — COUNTY VALUATION PROGRAM TO BE CARRIED ON BY ASSESSOR

Sections 63-314, 63-316, Idaho Code
01.
Definitions.
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a.
Continuing program of valuation means the program by which each assessor completes the
assessment of all taxable properties each year.
(7-1-24)
b.
The field inspection will include an observation of the physical attributes of all structures which
significantly contribute to the property value, the visible land amenities, and a notation of any other factors which
may influence the market value of any improvements.
(7-1-24)
c.
Index refers to any annual adjustment or trending factor applied to existing assessed values to
reflect current market value. Ratio studies or other market analyses can be used to develop indexes based on property
type, location, size, age or other characteristics.
(7-1-24)
d.
As used in Section 63-314, Idaho Code, prediction of market value means an estimate of market
value.
(7-1-24)
IDAHO ADMINISTRATIVE CODE
IDAPA 35.01.03
State Tax Commission
Property Tax Administrative Rules
Section 314
Page 24
e.
Category to be Assessed at Current Market Value. The level of assessment of each category is
considered current market value unless there is reasonable statistical certainty that the category is not equalized
pursuant to Section 63-109, Idaho Code, and Rule 131.
(7-1-24)
02.
Plan for Continuing Program of Valuation. The plan for continuing program of valuation will
include:
(7-1-24)
a.
A parcel count by category, the number of parcels to be appraised each year, maps that show each
of the market areas, an analysis of staff requirements, a budget analysis that provides adequate funding for labor
costs, capital and supply costs, travel and education costs and the method of program evaluation.
(7-1-24)
b.
A market data bank includes a collection, verification and analysis of sales, income and expense
data, building cost information, and application of this information to estimate market value. To mail assessment
notices by the first Monday in June as required by Section 63-308, Idaho Code, assessors should include income and
expense data submitted by property owners by the first Monday in April. Income and expense data for low-income
housing properties receiving tax credits under Section 42 of the Internal Revenue Code includes actual rents, the
monetary benefit of income tax credits, and expenses.
(7-1-24)
c.
Maps prepared in accordance with Section 63-209, Idaho Code, which identify characteristics of
each geographic area.
(7-1-24)
d.
A property record for each parcel, complete with the assigned secondary category and property
characteristics necessary for an estimate of the current market value. Such characteristics may include data elements
as described in the International Association of Assessing Officers (IAAO) Standard on Mass Appraisal of Real
Property and the IAAO Standard on Digital Cadastral Maps and Parcel Identifiers. Common elements identified in
these standards include:
(7-1-24)
i.
Date of most current physical review;
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ii.
Significant improvements, buildings and structures;
(7-1-24)
iii.
Photographs of significant improvements;
(7-1-24)
iv.
Sketches and/or blue prints of significant improvements;
(7-1-24)
v.
Location data, such as market area, neighborhood, site amenities and external nuisances;
(7-1-24)
vi.
Year built, effective age and/or condition of significant improvements and
(7-1-24)
vii.
Land size or diagram of all taxable parcels within the county.
(7-1-24)
e.
The plan must be submitted to the Tax Commission on or before the first Monday of February in
2017, and every fifth year thereafter.
(7-1-24)
f.
As provided in Section 63-314, Idaho Code, a county may request an extension to the current five
(5) year county valuation plan.
(7-1-24)
i.
Any request for an extension must include an amended plan incorporating an inventory of the
parcels to be appraised during the period of the approved extension. This inventory will constitute the schedule of
required appraisals for the initial year or years of the subsequent five (5) year valuation program. Parcels appraised
during the extension are considered appraised during both the current and subsequent five (5) year plan valuation
program periods, maintaining the same five (5) year cycle for all counties.
(7-1-24)
ii.
A county is notified of the Tax Commission's decision regarding the granting of an extension as
provided in Section 63-314, Idaho Code, within thirty (30) days of receipt of the written request for the extension
when accompanied by an amended plan.
(7-1-24)
IDAHO ADMINISTRATIVE CODE
IDAPA 35.01.03
State Tax Commission
Property Tax Administrative Rules
Section 315
Page 25
iii.
The Tax Commission's approval of any extension will specify timing and nature of progress
reports.
(7-1-24)
iv.
The Tax Commission can void an extension unilaterally.
(7-1-24)
03.
Field Inspections. The methods of observation of the physical attributes of property as described in
the International Association of Assessing Officers (IAAO) "Standard on Mass Appraisal of Real Property"
referenced in Rule 003 of these rules should be followed to the extent that resources are available. This includes the
use of aerial photographs and other digital imaging technology tools, which may be used to supplement, but not
replace physical inspections.
(7-1-24)
04.
Testing for Current Market Value. Assessed values are tested annually by the Tax Commission
as described in Section 63-109, Idaho Code, and Rule 131 of these rules to determine whether the level of assessment
reflects "current market value."
(7-1-24)