Property Tax Alert: Idaho

July 2006

An Idaho property tax assessment was upheld because the taxing unit correctly used the market data approach to determine the property's assessed value. The methodology used by the taxing unit was not flawed or based on erroneous information, but the result of a trend based on the best information available. Multi-dwelling properties, like the one in this case, were selling for more than the value supported by the income stream and the assessed value was supported by other sales. Furthermore, the taxpayer failed to prove by a preponderance of the evidence that the assessment was incorrect.

Please contact Rash & Associates for more information.