A. Compliance With Statute: The procedure for filing an application for Property Tax exemption shall be as stated in Idaho Code section 63-602, as amended from time to time. (Ord. 320, 3-2-2015, eff. 3-9-2015)
1. Minimum Investment Amount:
a. Per Idaho Code, the minimum investment amount for plant investment at project sites within Latah County, Idaho is set at a minimum threshold of five hundred thousand dollars ($500,000.00); and
b. Those seeking a Property Tax exemption under Idaho Code must still meet the other requirements of said Code in order to be granted the Property Tax exemption. (Ord. 350, 11-6-2017)
B. Application Forms: For Property Tax exemptions that require application:
1. If a parcel has not previously been granted an exemption from taxation or if a parcel has changed ownership, the application for Property Tax exemption shall be on the form entitled, "Latah County Application for Property Tax Exemption".
2. If a parcel has previously been granted an exemption from taxation, the application for Property Tax exemption may be on either the "Latah County Application for Property Tax Exemption" form or the "Latah County Application for Renewal of Property Tax Exemption" form.
C. County Board Decisions: The Board of Latah County Commissioners shall decide all Property Tax exemption applications at duly noticed open public meetings. No public hearings regarding Property Tax exemption applications shall be held by the Board of Latah County Commissioners. (Ord. 320, 3-2-2015, eff. 3-9-2015)