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

The bill also includes provisions stating that any mortgage or other lien on the assessed property will be subject to the assessment lien, and that any purchaser of the property will take it subject to any unpaid annual assessments at the time of sale. An emergency clause is included, declaring that the act will take effect on July 1, 2025.

Statutes affected:
Bill Text: 43-706