Personal Property

If you operate a business, you may have some questions about the way your personal property is assessed. The assessed value of your personal property helps determine how much tax you pay. All assessments should be accurate so that all taxpayers pay their fair share of the total personal property tax.

House Bill 315, effective January 1, 2013, amended Idaho Code Section 63-602KK to exempt personal property up to $100,000 for each taxpayer per county. Businesses with locations in more than one county in Idaho can exempt up to $100,000 of the personal property value in each county in which the property is located.

Taxable Personal Property

Taxable personal property consists of items used in a business, such as:

  • Art
  • Coin collections
  • Equipment
  • Furniture
  • Libraries
  • Machinery
  • Signs
  • Tools
  • Unregistered vehicles
  • Watercraft

Items Used Commercially

Taxable personal property also includes items used commercially for convenience, decoration, service, or storage. Examples are:

  • Chairs
  • Computers
  • Desks
  • Display racks
  • File cabinets
  • Medical/scientific instruments
  • Office machines
  • Store counters
  • Typewriters

More Information.

Blank Personal Property Declaration

Instructions for the Personal Property Declaration

Blank Transient Personal Property Declaration

Instructions for the Transient Personal Property Declaration

Please email declarations to Ali Lierman.

This list is not all-inclusive; for more information, contact your local county assessor or the Idaho State Tax Commission at 208-334-7733.