What personal property is tax exempt?

The following list includes some of the major categories exempt from taxation:

  • Business inventory 
  • Equipment used for education 
  • Facilities for water or air pollution control
  • Farm Equipment
  • First $100,000 of personal property value
  • Livestock 
  • Personal effects, household items and apparel (unless used in a business) 
  • Property owned by fraternal, benevolent, and religious organizations 
  • Vehicles and vessels properly registered in the state of Idaho

There are other exemptions are allowed by law. Contact your local county assessor for more information.

Show All Answers

1. What is transient personal property?
2. What personal property is assessed?
3. What personal property is tax exempt?
4. What is a lien date?
5. Who assesses personal property?
6. How does the county assessor know what to assess?
7. When must I report my personal property?
8. What if someone does not report personal property?
9. At What Value Is Personal Property Assessed?
10. What is market value?
11. How do I know what the assessed value of my personal property is?
12. What if I disagree with the assessed value of my personal property?
13. How are my personal property taxes determined?
14. When will I get my personal property tax bill?
15. What happens if my personal property taxes are not paid on time?
16. What happens if I close my business or sell it?