H.B. 84

1

PROPERTY TAX ASSESSMENTS - EFFECT
2 OF CONSERVATION EASEMENT
3 2002 GENERAL SESSION
4 STATE OF UTAH
5 Sponsor: Ralph Becker
6 This act amends the Property Tax Act to require a county assessor to include as part of a
7 property tax assessment any effects a conservation easement may have on the fair market
8 value of the property. This act takes effect on January 1, 2003.
9 This act affects sections of Utah Code Annotated 1953 as follows:
10 ENACTS:
11 59-2-301.1, Utah Code Annotated 1953
12 Be it enacted by the Legislature of the state of Utah:
13 Section 1. Section 59-2-301.1 is enacted to read:
14 59-2-301.1. Assessment of property subject to a conservation easement.
15 In assessing the fair market value of property subject to a conservation easement under
16 Title 57, Chapter 18, Land Conservation Easement Act, a county assessor shall include as part of
17 the assessment any effects the conservation easement may have on the fair market value of the
18 property.
19 Section 2. Effective date.
20 This act takes effect on January 1, 2003.




Legislative Review Note
as of 12-21-01 10:46 AM

A limited legal review of this legislation raises no obvious constitutional or statutory concerns.

Office of Legislative Research and General Counsel

*HB0084*