STATEMENT OF PURPOSE
RS27832 / H0561
This legislation provides that if a property owner has an appraisal or an arm's length transaction on a property
within the previous 12 months, the appraisal or arm's length transaction shall be considered the market value
of that property for assessment purposes.
FISCAL NOTE
It could lower the new construction roll for some taxing districts. There is no fiscal impact to the General Fund
of Idaho.
Contact:
Representative Mike Moyle
(208) 332-1000
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note Bill SOP/FN INTRODUCED: 02/27/2020, 8:18 AM


Statutes affected:
Bill Text: 63-501A
Engrossment 1: 63-501A