This bill amends Section 43-706 of the Idaho Code to clarify and revise the provisions regarding assessment liens. It establishes that all assessments will be liens against the assessed property starting from the first Monday in March of any year. The bill introduces new legal language that states assessment liens will be a first lien on the property, superior to any mortgage or deed of trust, regardless of their timing. Additionally, it specifies that the lien for bonds of any series will be a preferred lien over subsequent series, and that liens cannot be removed until assessments are paid, the property is sold for payment, or assessments are canceled under specific sections of the Idaho Code.

The bill also emphasizes that any mortgage or other lien on the assessed property will be subject to the assessment lien, and upon the sale of the property, the purchaser will take it subject to any unpaid annual assessments. An emergency is declared, making the act effective on July 1, 2025.

Statutes affected:
Bill Text: 43-706