2nd Sub.
H.B.
54
PROPERTY TAX ASSESSMENT REVISIONS
senate committee
Amendments
Amendment 2 February 18, 2008 2:55 pm
Senator Wayne L. Niederhauser
proposes the following amendments:
1. Page
12, Lines 343 through 352
:
343
(ii) includes at least the following system features:
344
(A) has the ability to update all parcels of real property located within the county each
345
year;
346
(B) can be programmed with specialized criteria;
347
(C) provides uniform and equal treatment of parcels within the same class of real
348
property throughout the county; and
349
(D) annually updates all parcels of residential real property within the county
using accepted
valuation methodologies as determined by rule
.
350
(c) "Property review date" means the date a county assessor completes a detailed
351
review of the property characteristics of a parcel of real property in accordance with Subsection
352
(3)(a).
2. Page
12, Lines 356 through 361
:
356
(b) The county assessor of a county of the first, second, or third class shall conduct the
357
annual update described in Subsection (2)(a) by using a mass appraisal system on or before the
358
following:
359
(i) for a county of the first class, January 1, 2009;
360
(ii) for a county of the second class, January 1,
{
2010
}
2011
; and
361
(iii) for a county of the third class, January 1,
{
2011
}
2013
.
3. Page
13, Lines 393 through 397
:
393
(d) If a county loses its allocation of the revenue generated statewide from the
394
imposition of the multicounty assessing and collecting levy described in Subsection (4)(c), the
395
revenue the county would have received shall:
396
(i) be retained in the Property Tax Valuation Agency Fund for that calendar year; and
397
(ii)
be
distributed the following calendar year in accordance with Section
59-2-906.2
.
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