The 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 each 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, the bill outlines that the lien for bonds of any series will be a preferred lien over subsequent series, and it cannot be removed until the assessments are paid, the property is sold for payment, or the assessments are canceled under specific sections of the Idaho Code.

Furthermore, the bill emphasizes that any mortgage or other lien on the assessed property will be subordinate to the assessment lien. It also states that upon the sale of the property, the purchaser will take it subject to any unpaid annual assessments of the district at the time of sale. The bill declares an emergency, making it effective on July 1, 2025.

Statutes affected:
Bill Text: 43-706