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ID H0170
Bill
Status
3/22/2013
Primary Sponsor
Transportation and Defense Committee
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AI Summary
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Amends Section 54-4105, Idaho Code to exempt employees or agents of local highway jurisdictions from mandatory real estate appraiser licensure or certification requirements when estimating property market value for eminent domain or surplus property declarations.
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Allows local highway jurisdictions to perform value estimates for properties subject to eminent domain or declared surplus where the estimated market value is $10,000 or less and a noncomplex appraisal would normally be ordered.
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Requires that value estimates by local highway jurisdictions be reviewed and approved by an Idaho state certified general real estate appraiser.
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Exempts Idaho state certified general real estate appraisers estimating or reviewing market value under this section from the requirements of uniform standards of professional appraisal practice.
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Requires that property owners receive a value estimate and be informed of their right to request and receive a professional appraisal of their property.
Legislative Description
Amends existing law to provide that local highway jurisdictions may perform value estimates in the same manner as the Idaho Transportation Department.
REAL ESTATE APPRAISERS
Last Action
Reported Signed by Governor on March 22, 2013 Session Law Chapter 137 Effective: 07/01/13
3/22/2013