Can an Idaho personal representative hire an appraiser for the estate inventory?
Yes. Idaho Code § 15-3-707 lets the personal representative employ a qualified and disinterested appraiser to establish the fair market value, as of the date of death, of any asset whose value may be subject to reasonable doubt, and different appraisers may be used for different kinds of assets.
Do businesses below the Idaho exemption still have to file?
Generally not every year. Under § 63-602KK a taxpayer who received the exemption the prior year, whose exemption exceeds the value of its taxable personal property, and who has not made purchases that would push it over the maximum, does not need to reapply. Crossing $250,000 in a county brings the annual March 15 declaration back.
Does Idaho license personal property appraisers?
No. Idaho credentials appraisers of real property only. There is no state license, exam, or education requirement for appraising equipment, firearms, art, or vehicles, so the standard that applies is USPAP, which our appraisers follow on every report.