Terms Used In Idaho Code 31-4508

  • Contract: A legal written agreement that becomes binding when signed.
  • Property: includes both real and personal property. See Idaho Code 73-114
To the extent permitted by the constitution the property acquired by any county pursuant to this act is exempt from taxation except that during any period that such property is leased by or title thereto is retained under an installment purchase contract by such county taxes shall be payable to the same extent as if it were owned by such lessee and such installment purchaser and such taxes shall be paid by such lessee or installment purchaser.