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7 LONG TITLE
8 General Description:
9 This bill amends the Property Tax Act to address requirements for a person who
10 performs an appraisal of property.
11 Highlighted Provisions:
12 This bill:
13 . repeals a 36-month time limit for an uncertified or unlicensed appraiser trainee to
14 perform an appraisal under the direction of a holder of an appraiser's certificate or
15 license issued by the Division of Real Estate under Title 61, Chapter 2g, Real Estate
16 Appraiser Licensing and Certification Act; and
17 . makes technical and conforming changes.
18 Money Appropriated in this Bill:
20 Other Special Clauses:
22 Utah Code Sections Affected:
24 59-2-701, as last amended by Laws of Utah 2011, Chapter 289
26 Be it enacted by the Legislature of the state of Utah:
27 Section 1. Section 59-2-701 is amended to read:
28 59-2-701. Appraisal by certified or licensed appraisers -- Appraiser trainees --
29 Certification of elected county assessors -- Commission may prescribe additional
30 requirements for appraisers -- Rulemaking authority -- County assessor to ensure
32 (1) [
33 appraisal for purposes of establishing fair market value of real estate or real property for the
34 assessment roll shall be the holder of an appraiser's certificate or license issued by the Division
35 of Real Estate under Title 61, Chapter 2g, Real Estate Appraiser Licensing and Certification
37 (b) Notwithstanding Section 61-2g-301 , an uncertified or unlicensed appraiser
40 holder of an appraiser's certificate or license issued by the [
41 under Title 61, Chapter 2g, Real Estate Appraiser Licensing and Certification Act.
42 (2) The limitations on appraisal authority under Subsections 61-2g-311 (1) and (2) and
43 Section 61-2g-312 do not apply to a person performing an appraisal for purposes of
44 establishing fair market value for the assessment roll.
45 (3) The commission may prescribe additional requirements for any person performing
46 an appraisal for purposes of establishing fair market value for the assessment roll.
47 (4) [
48 Act, the commission may[
49 appraisers exempt from licensure under Title 61, Chapter 2g, Real Estate Appraiser Licensing
50 and Certification Act.
51 (5) [
53 this section and any additional rules or requirements for property appraisers established by the
Legislative Review Note
as of 2-6-12 11:15 AM