Idaho Admin. Code r. 16.03.04.308
Current through September 2, 2024
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.
Idaho Admin. Code r. 16.03.04.308