Idaho Property Bond: Personal Property is a type of surety bond that is required by the Idaho Department of Finance before a business can obtain certain licenses or permits. This type of bond is also referred to as a Personal Property Tax Bond. The bond guarantees that the business will pay personal property taxes and other related fees to the state of Idaho on time. There are two types of Idaho Property Bond: Personal Property: Commercial Property Bond and Residential Property Bond. The Commercial Property Bond is required for businesses that will own or lease commercial property in Idaho and the Residential Property Bond is required for businesses that will own or lease residential property in Idaho. The bond amount for each type of bond is determined by the state of Idaho and must be purchased from a licensed surety bond provider.




