Idaho State Overview
Idaho utilizes a tax deed system to collect delinquent property taxes. If the property taxes have not been paid by the property owner for a period of three years the county tax collector will create a tax deed. Idaho uses a premium bidding system with the board of county commissioners reserving the right to reject any and all bids. The minimum bid is determined by the county commissioners, but is based on a recommendation given by the county treasurer. The minimum bid consists of all delinquent taxes, penalties, interests, pending issue fees, recording fees, and publication costs for notice of the sale.
Idaho has oral bids at all tax sales. The bidding process is a Premium Bid method. Bidding begins at the set starting or minimal bid. The minimum bid is determined by the county commissioners, but is based on a recommendation given by the county treasurer. The minimum bid consists of the delinquent taxes with penalty and interest certification and special assessments, pending issue fees, recording fees, and publication costs for notice of sale. The property is bid up in price until a high bid is established. The highest bidder receives the deed to the property. In Idaho, the tax collector or treasurer will sell tax deeds to the winning bidders at the delinquent property tax sale.
- Tax Sale Type: Tax Deed (Sec. 31-808).
- Contact: Tax collector (Sec. 31-2102).
- Interest Rate and/or Penalty Rate: Not applicable.
- Bid Procedure: Premium bid / highest bid (Sec. 31-808 (1)).
- Redemption Period: Not applicable.
- Law: Idaho Code, Title 31, Chapter 8, “Powers and Duties of Board of Commissioners,” and Title 63, Chapter 10, “Collection of Delinquency on Real, Personal, and Operating Property.”
- In Idaho most liens on the property are excused through the tax sale, except for any lien holders that were not noticed.
- The county commissioner determines the minimum bid, which is most often the amount owed ont he property and many more random fees associated with the sale and the property being delinquent.