Business Personal Property
Taxscribe for Idaho Business Owners & CPAs
Modern personal property tax filing for Idaho — prepare your return in minutes, import fixed assets, and e-file to participating jurisdictions or email a print-ready PDF to your local assessor.
What is Business Personal Property tax?
Idaho law defines personal property as everything that's the subject of ownership and that isn't included within the term real property. Examples are tools, unattached store counters and display racks, desks, chairs, file cabinets, computers, office machines, and medical instruments.
Who should file Business Personal Property?
Any business that owns personal property must report all of its taxable personal property to your county assessor using a personal property declaration form available from the assessor.
- Filing deadline
- March 15
- Late penalty
- If you don't pay your personal property tax on time, penalty and interest will apply to overdue taxes.
When you should file:
You must return your personal property declaration to the county assessor by March 15.
Exemptions:
- Any stand-alone asset purchased after January 1, 2013, with a total acquisition cost of $3000.00 or less, does not need to be reported and will not be taxed.
- The first $250,000.00 of depreciated value is exempt from taxation. This exemption requires an application.
Important Notes About Business Personal Property:
- If you don't report personal property, the county assessor must estimate the value of taxable personal property that isn't declared. The assessment is based on the best information available. If you don't pay your personal property tax on time, penalty and interest will apply to overdue taxes. Overdue taxes, accrued interest, and penalty are also a lien against your property.
- Contact your local assessor for more information.
Coverage
How Taxscribe works in Idaho
Taxscribe supports Business Personal Property filing across Idaho. Where your jurisdiction participates in Taxscribe's e-file program, you can submit directly; elsewhere, generate a print-ready PDF and email or mail it to your local assessor. Contact us to see if your jurisdiction participates.