Idaho § 63-716 - Deferral - Interest - Lien - Priority
Full text of Idaho Idaho Statutes § 63-716 — Deferral - Interest - Lien - Priority, with citation guidance and answers to common questions.
§ 63-716. Deferral - Interest - Lien - Priority
(1) Upon approval by the state tax commission, payment of any amount of property tax due for the year to which the election relates, after application of the property tax relief available under sections 63-701 through 63-710 , Idaho Code, and subject to the limitation in section 63-717 (2), Idaho Code, in regard to the qualified property subject to the election, shall be deferred until the deferral is terminated under section 63-718 , Idaho Code.
(2) During the period of deferral, interest shall accrue on the amount deferred at the annual rate of interest provided in section 63-3045 , Idaho Code.
(3) The lien imposed by section 63-206 , Idaho Code, shall continue to be a lien on the property in the amount of deferred taxes and interest thereon. The state tax commission shall file with the county recorder of the county in which the property is located a notice of lien for deferred property taxes. Notwithstanding the provisions of section 63-206 , Idaho Code, the lien for deferred taxes and interest shall not be a first and prior lien but shall take its priority from the date and time of filing of the notice of lien.
[63-716, added 2006, ch. 234, sec. 1, p. 695; am. 2011, ch. 85, sec. 5, p. 181; am. 2021, ch. 238, sec. 2, p. 729.]
Frequently Asked Questions About Idaho § 63-716
What does Idaho Statutes § 63-716 cover?
Section 63-716 ("Deferral - Interest - Lien - Priority") is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 63-716?
A common citation format is "Idaho Statutes § 63-716" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 63-716 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.