IDAPA 35.01.03.509 — ABSTRACTS OF VALUE

Sections 63-105A, 63-509, 50-2903, Idaho Code
01.
Definitions.
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a.
Primary category means the categories established and described by Subsections 130.01.
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b.
Secondary Category. Secondary category means the categories established and described by Rules
510, 511, and 512 of these rules.
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c.
Secondary Category 81. To list exempt land, improvements, or personal property use category 81.
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d.
Abstract. A document summarizing net taxable value and market value for assessment purposes
(full market value) by secondary category of property. Abstracts are submitted as required in Rule115 of these rules.
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02.
Additional Information to be Included. The abstract must also report and subtract the value of
exemptions required to be reported under Section 63-509, Idaho Code, increment value as defined in Section 50-
2903, Idaho Code, and the value of any exemption provided under Sections 63-602W(4), 63-602GG, 63-602HH, 63-
602II, 63-602NN, 63-4502, 63-606A, and 63-3029B, Idaho Code.
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03.
Verification of Abstracts. The abstract of the property rolls prepared by the county auditor will be
considered duly verified provided that the auditor signs a document indicating:
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a.
That the required summary information is based on the most current available information received
from the assessor following the conclusion of the county board of equalization.
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b.
That the assessor certifies to the auditor that all changes, corrections, additions, and exemptions
entered onto the rolls as a result of county board of equalization action have been duly entered.
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IDAHO ADMINISTRATIVE CODE
IDAPA 35.01.03
State Tax Commission
Property Tax Administrative Rules
Section 510
Page 36
04.
Nature of Verification Document. The abstract verification document is certified by the assessor
to the auditor and includes the signatures of the county assessor and auditor or duly appointed representatives.
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05.
Submittal of Corrections to Erroneous Abstracts or Related Documents. When completing the
procedures set forth in Section 63-810, Idaho Code, corrections to the net taxable values submitted on the abstracts or
related documents are to be submitted with corrected levies.
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06.
Cross Reference. See Rules 115, 130, 510, 511, and 512 of these rules and Sections 63-810 and
50-2903, Idaho Code.
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