Idaho Admin. Code r. 16.03.04.308 - EQUITY VALUE OF RESOURCES
Equity value is the current market value of a resource, minus any encumbrance. The current market value is the price the resource is expected to sell for, on the open market, in the geographic area involved. An encumbrance is a legally binding debt against property. The encumbrance on the property does not prevent the property owner from selling to a third party. (3-17-22)
Notes
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