What if someone does not report personal property?

The county assessor is required to assess property that is not declared. The assessment is estimated based on the best information available. Idaho law provides that county officials must double the assessed value of any personal property they discover was willfully concealed in order to avoid paying tax. The assessment is doubled for each year the property escaped assessment.

County officials may sell personal property immediately after taxes become delinquent and pay off the tax lien from the proceeds of the sale.

Show All Answers

1. What personal property is assessed?
2. What personal property is tax exempt?
3. What is a lien date?
4. Who assesses personal property?
5. How does the county assessor know what to assess?
6. When must I report my personal property?
7. What if someone does not report personal property?
8. At What Value Is Personal Property Assessed?
9. What is market value?
10. How do I know what the assessed value of my personal property is?
11. What if I disagree with the assessed value of my personal property?
12. How are my personal property taxes determined?
13. When will I get my personal property tax bill?
14. What happens if my personal property taxes are not paid on time?
15. What happens if I close my business or sell it?