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7 LONG TITLE
8 General Description:
9 This bill makes changes to property tax assessment requirements.
10 Highlighted Provisions:
11 This bill:
12 . requires county assessors, after certain dates, to use the mass appraisal system
13 selected by the Multicounty Appraisal Trust in conducting property tax assessments.
14 Money Appropriated in this Bill:
16 Other Special Clauses:
18 Utah Code Sections Affected:
20 59-2-303.1, as last amended by Laws of Utah 2010, Chapter 131
22 Be it enacted by the Legislature of the state of Utah:
23 Section 1. Section 59-2-303.1 is amended to read:
24 59-2-303.1. Mandatory cyclical appraisals.
25 (1) For purposes of this section:
26 (a) "Corrective action" includes:
27 (i) factoring pursuant to Section 59-2-704 ;
28 (ii) notifying the state auditor that the county failed to comply with the requirements of
29 this section; or
30 (iii) filing a petition for a court order requiring a county to take action.
31 (b) "Mass appraisal system" means a computer assisted mass appraisal system that:
32 (i) a county assessor uses to value real property; and
33 (ii) includes at least the following system features:
34 (A) has the ability to update all parcels of real property located within the county each
36 (B) can be programmed with specialized criteria;
37 (C) provides uniform and equal treatment of parcels within the same class of real
38 property throughout the county; and
39 (D) annually updates all parcels of residential real property within the county using
40 accepted valuation methodologies as determined by rule.
41 (c) "Property review date" means the date a county assessor completes a detailed
42 review of the property characteristics of a parcel of real property in accordance with Subsection
44 (2) (a) The county assessor shall annually update property values of property as
45 provided in Section 59-2-301 based on a systematic review of current market data.
46 (b) The county assessor shall conduct the annual update described in Subsection (2)(a)
47 by using a mass appraisal system selected by the Multicounty Appraisal Trust on or before the
49 (i) for a county of the first class, January 1, 2009;
50 (ii) for a county of the second class, January 1, 2011;
51 (iii) for a county of the third class, January 1, 2014; and
52 (iv) for a county of the fourth, fifth, or sixth class, January 1, 2015.
53 (c) The county assessor and the commission shall jointly certify that the county's mass
54 appraisal system meets the requirements:
55 (i) described in Subsection (1)(b); and
56 (ii) of the commission.
57 (3) (a) In addition to the requirements in Subsection (2), the county assessor shall
58 complete a detailed review of property characteristics for each property at least once every five
60 (b) The county assessor shall maintain on the county's computer system, a record of the
61 last property review date for each parcel of real property located within the county assessor's
63 (4) (a) The commission shall take corrective action if the commission determines that:
64 (i) a county assessor has not satisfactorily followed the current mass appraisal
65 standards, as provided by law;
66 (ii) the sales-assessment ratio, coefficients of dispersion, or other statistical measures
67 of appraisal performance related to the studies required by Section 59-2-704 are not within the
68 standards provided by law; or
69 (iii) the county assessor has failed to comply with the requirements of this section.
70 (b) If a county assessor fails to comply with the requirements of this section for one
71 year, the commission shall assist the county assessor in fulfilling the requirements of
72 Subsections (2) and (3).
73 (c) If a county assessor fails to comply with the requirements of this section for two
74 consecutive years, the county will lose the county's allocation of the revenue generated
75 statewide from the imposition of the multicounty assessing and collecting levy authorized in
77 (d) If a county loses its allocation of the revenue generated statewide from the
78 imposition of the multicounty assessing and collecting levy described in Subsection (4)(c), the
79 revenue the county would have received shall be distributed to the Multicounty Appraisal Trust
80 created by interlocal agreement by all counties in the state.
81 (5) (a) On or before July 1, 2008, the county assessor shall prepare a five-year plan to
82 comply with the requirements of Subsections (2) and (3).
83 (b) The plan shall be available in the county assessor's office for review by the public
84 upon request.
85 (c) The plan shall be annually reviewed and revised as necessary.
86 (6) (a) A county assessor shall create, maintain, and regularly update a database
87 containing the following information that the county assessor may use to enhance the county's
88 ability to accurately appraise and assess property on an annual basis:
89 (i) fee and other appraisals;
90 (ii) property characteristics and features;
91 (iii) property surveys;
92 (iv) sales data; and
93 (v) any other data or information on sales, studies, transfers, changes to property, or
94 property characteristics.
95 (b) A county assessor shall submit a report to the commission on or before September
96 1 stating the progress of the county assessor to meet the requirements of Subsection (6)(a).
97 (c) The commission shall report to the Revenue and Taxation Interim Committee on or
98 before the October interim meeting concerning the information received from the county
99 assessors pursuant to Subsection (6)(b).
Legislative Review Note
as of 2-3-11 6:04 PM