IDAPA 35.01.03.317 — OCCUPANCY TAX ON NEWLY CONSTRUCTED IMPROVEMENTS ON REAL PROPERTY

Section 63-317, Idaho Code
01.
Prorated Market Value. The market value for occupancy tax purposes shall be the full market
value on January 1 and shall be prorated at least monthly from the occupancy date to the end of the year.
(7-1-24)
02.
Notice of Appraisal. When notifying each owner of the appraisal, the county assessor shall include
at a minimum the full market value before any exemptions and before any prorating of the value, the length of time
subject to the occupancy tax, and the prorated value.
(7-1-24)
03.
Example. See example for prorated market value exceeding maximum amount of the homestead
exemption for improvements subject to the occupancy tax at https://tax.idaho.gov.
(7-1-24)
04.
Market Value. The market value for occupancy tax purposes is entered on an occupancy tax
valuation roll. Occupancy tax valuation is not included in the assessed value of any taxing district, but occupancy tax
is included in the certified budget.
(7-1-24)
05.
Allocation to Urban Renewal Agencies. Occupancy tax revenue shall be distributed to urban
renewal agencies in the same manner as property taxes, except as provided in Paragraphs 317.06.a. and 06.b. of this
rule.
(7-1-24)
a.
The portion of the occupancy tax raised for funds specified in Section 50-2908, Idaho Code, and
Rule 804 of these rules must be distributed to the taxing districts levying property taxes for those funds and, therefore,
must not be distributed to the urban renewal agency.
(7-1-24)
b.
For parcels within a newly formed revenue allocation area or within an area newly annexed to an
existing revenue allocation area, occupancy tax for the tax year during which the formation or annexation took effect
is not distributed to the urban renewal agency.
(7-1-24)