Business Personal Property

Business Personal Property Assessment

All businesses are subject to a Personal Property valuation on assets such as: road construction equipment, business furniture, equipment, fixtures, unlicensed vehicles or recreational vehicles, among other items if the total value is over $250,000. Personal Property is reassessed each year by the Assessor’s Office. A Declaration to list all current personal property assets is sent to all business owners owning assets with a value greater than $250,000 each year in early January. 

Business must declare all assets to the Assessor under Idaho code 63-302 before March 15th each year or the business may be subject to an estimated assessment by the Assessor. 

Review the Personal Property page from the state of Idaho for more information.