Idaho Tax Commission Lowers Bonner County Property Valuation

The Idaho State Tax Commission modified the assessment of a residential property in Bonner County. The dispute centered around the market value of an improved 1.23-acre residential parcel located in the Spires Crystal subdivision on Schweitzer Mountain, with ski-in/ski-out access to the resort’s ski trails. The taxpayer argued that the land value was excessive due to easement encumbrances and provided sales data for vacant lots and other properties to support a lower value. The Board found issues with the taxpayer’s analysis, but also had concerns with the county’s aggressive time adjustments and adjustments lacking sufficient support. Ultimately, the Board determined ...