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 .


Page 1 of 1
LRGC AOakes AOakes