H.B. 84 Enrolled

PROPERTY TAX ASSESSMENTS - EFFECT
OF CONSERVATION EASEMENT
2002 GENERAL SESSION
STATE OF UTAH
Sponsor: Ralph Becker
This act amends the Property Tax Act to require a county assessor to include as part of a
property tax assessment any effects a conservation easement may have on the fair market
value of the property. This act takes effect on January 1, 2003.
This act affects sections of Utah Code Annotated 1953 as follows:
ENACTS:
59-2-301.1, Utah Code Annotated 1953
Be it enacted by the Legislature of the state of Utah:
Section 1. Section 59-2-301.1 is enacted to read:
59-2-301.1. Assessment of property subject to a conservation easement.
In assessing the fair market value of property subject to a conservation easement under
Title 57, Chapter 18, Land Conservation Easement Act, a county assessor shall include as part of
the assessment any effects the conservation easement may have on the fair market value of the
property.
Section 2. Effective date.
This act takes effect on January 1, 2003.