Section 35.01.03.509 - ABSTRACTS OF VALUESections 63-105A, 63-509, 50-2903, Idaho Code
01.Definitions. a. Primary category means the categories established and described by Subsections 130.01.b. Secondary Category. Secondary category means the categories established and described by Rules 510, 511, and 512 of these rules.c. Secondary Category 81. To list exempt land, improvements, or personal property use category 81.d. Abstract. A document summarizing net taxable value and market value for assessment purposes (full market value) by secondary category of property. Abstracts are submitted as required in Rule 115 of these rules.02.Additional Information to be Included. The abstract must also report and subtract the value of exemptions required to be reported under Section 63-509, Idaho Code, increment value as defined in Section 50- 2903, Idaho Code, and the value of any exemption provided under Sections 63-602W(4), 63-602GG, 63-602HH, 63- 602II, 63-602NN, 63-4502, 63-606A, and 63-3029B, Idaho Code.03.Verification of Abstracts. The abstract of the property rolls prepared by the county auditor will be considered duly verified provided that the auditor signs a document indicating: a. That the required summary information is based on the most current available information received from the assessor following the conclusion of the county board of equalization.b. That the assessor certifies to the auditor that all changes, corrections, additions, and exemptions entered onto the rolls as a result of county board of equalization action have been duly entered.04.Nature of Verification Document. The abstract verification document is certified by the assessor to the auditor and includes the signatures of the county assessor and auditor or duly appointed representatives.05.Submittal of Corrections to Erroneous Abstracts or Related Documents. When completing the procedures set forth in Section 63-810, Idaho Code, corrections to the net taxable values submitted on the abstracts or related documents are to be submitted with corrected levies.06.Cross Reference. See Rules 115, 130, 510, 511, and 512 of these rules and Sections 63-810 and 50-2903, Idaho Code.Idaho Admin. Code r. 35.01.03.509