Idaho State Statutes - Idaho Attorney Directory

PROPERTY EXEMPT FROM TAXATION -- PROPERTY USED FOR SCHOOL OR
EDUCATIONAL PURPOSES. (1) The following property is exempt from taxation: all
property used exclusively for nonprofit school or educational purposes,
property used for charter school purposes, and all property from which no
profit is derived and which is held or used exclusively for endowment,
building or maintenance purposes of schools or educational institutions.
(2) If property is used primarily for charter school purposes and for
business purposes from which a revenue is derived, which revenue is not
related to the educational purpose for which the charter school exists, the
assessor shall determine the value of the entire property, of the part used
for charter school purposes, and of the part used for such unrelated business
purposes. The portion of the building used for charter school purposes and for
business and administration of the charter school shall be exempt from
taxation.

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