Idaho Tax Appeals Board Modifies Valuation of Taxpayer’s Commercial Properties

The Idaho Board of Tax Appeals modified the decisions of the Twin Falls County Board of Equalization concerning the valuations of three adjacent commercial properties owned by the taxpayer for the 2025 tax year. The appeals involved three parcels with a combined assessed value of $2,303,187, where the taxpayer argued the properties should be valued as a single economic unit at $1,730,000. The Board found the properties were no longer integrated and should be valued separately, but agreed the value of Parcel 21A should be modestly reduced due to the cost of removing an obsolete printing press, resulting in a ...