- Home
- Government
- Departments A - K
- Assessor
- Personal Property
Personal Property
If you operate a business, you may have some questions about the way your personal property is assessed. The assessed value of your personal property helps determine how much tax you pay. All assessments should be accurate so that all taxpayers pay their fair share of the total personal property tax.
House Bill 315, effective January 1, 2013, amended Idaho Code Section 63-602KK to exempt personal property up to $100,000 for each taxpayer per county. Businesses with locations in more than one county in Idaho can exempt up to $100,000 of the personal property value in each county in which the property is located.
Taxable Personal Property
Taxable personal property consists of items used in a business, such as:
- Art
- Coin collections
- Equipment
- Furniture
- Libraries
- Machinery
- Signs
- Tools
- Unregistered vehicles
- Watercraft
Items Used Commercially
Taxable personal property also includes items used commercially for convenience, decoration, service, or storage. Examples are:
- Chairs
- Computers
- Desks
- Display racks
- File cabinets
- Medical/scientific instruments
- Office machines
- Store counters
- Typewriters
More Information.
Transient Personal Property Declaration
Please email declarations to Ali Lierman.
This list is not all-inclusive; for more information, contact your local county assessor or the Idaho State Tax Commission at 208-334-7733.
- What is transient personal property?
- What personal property is assessed?
- What personal property is tax exempt?
- What is a lien date?
- Who assesses personal property?
- How does the county assessor know what to assess?
- When must I report my personal property?
- What if someone does not report personal property?
- At What Value Is Personal Property Assessed?
- What is market value?
- How do I know what the assessed value of my personal property is?
- What if I disagree with the assessed value of my personal property?
- How are my personal property taxes determined?
- When will I get my personal property tax bill?
- What happens if my personal property taxes are not paid on time?
- What happens if I close my business or sell it?