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ID S1301
Bill
Status
Enrolled
3/21/2022
Primary Sponsor
Local Government and Taxation Committee
Click for details
AI Summary
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Amends Section 63-208, Idaho Code to establish valuation rules for self-service storage facilities as defined in Section 55-2301, Idaho Code.
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Allows assessors to use one or more market valuation methods when establishing real property market value for self-service storage facilities.
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Caps market value assessments at reproduction or replacement cost of improvements, less depreciation, plus land value.
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Effective July 1, 2022, with an emergency declaration.
Legislative Description
Amends existing law to provide for methods to assess self-service storage facility properties.
SELF-SERVICE STORAGE FACILITIES
Last Action
Recommitted to Local Government & Taxation
3/26/2022
Committee Referrals
Revenue and Taxation3/14/2022
Local Government and Taxation2/14/2022
Judiciary and Rules2/11/2022
Full Bill Text
No bill text available