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7 LONG TITLE
8 General Description:
9 This bill modifies provisions related to the Multicounty Appraisal Trust (trust).
10 Highlighted Provisions:
11 This bill:
12 ▸ defines terms;
13 ▸ increases the tax rate of the multicounty assessing and collecting levy imposed by
14 counties;
15 ▸ authorizes the use of trust funds to pay for property valuation services within
16 counties;
17 ▸ addresses the appointment and duties of the trustee of the trust;
18 ▸ requires each county to adopt the statewide property tax system by a certain date;
19 ▸ exempts certain counties from the requirement to adopt the statewide property tax
20 system;
21 ▸ provides for assistance to counties adopting the statewide property tax system; and
22 ▸ makes technical corrections.
23 Money Appropriated in this Bill:
24 None
25 Other Special Clauses:
26 This bill provides retrospective operation.
27 Utah Code Sections Affected:
28 AMENDS:
29 59-2-1601, as last amended by Laws of Utah 2022, Chapter 451
30 59-2-1602, as last amended by Laws of Utah 2022, Chapters 239, 451
31 59-2-1606, as last amended by Laws of Utah 2020, Chapter 447
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33 Be it enacted by the Legislature of the state of Utah:
34 Section 1. Section 59-2-1601 is amended to read:
35 59-2-1601. Definitions.
36 As used in this part:
37 (1) "County additional property tax" means the property tax levy described in
38 Subsection 59-2-1602(4).
39 (2) "Fund" means the Property Tax Valuation Fund created in Section 59-2-1602.
40 (3) "Multicounty Appraisal Trust" means the Multicounty Appraisal Trust created by
41 an agreement:
42 (a) entered into by all of the counties in the state; and
43 (b) authorized by Title 11, Chapter 13, Interlocal Cooperation Act.
44 (4) "Multicounty assessing and collecting levy" means a property tax levied in
45 accordance with Subsection 59-2-1602(2).
46 (5) (a) "Property valuation service" means any service or technology that promotes
47 uniform assessment levels for the valuation of personal property and real property in
48 accordance with Part 3, County Assessment.
49 (b) "Property valuation service" includes statewide aerial imagery, change detection,
50 sketch validation, exception analysis, commercial valuation modeling, residential valuation
51 modeling, automated valuation modeling, and equity analysis.
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53 appraisal, equalization, collection, distribution, and administration related to property tax,
54 created by the Multicounty Appraisal Trust in accordance with Section 59-2-1606.
55 Section 2. Section 59-2-1602 is amended to read:
56 59-2-1602. Property Tax Valuation Fund -- Statewide levy -- Additional county
57 levy.
58 (1) (a) There is created a custodial fund known as the "Property Tax Valuation Fund."
59 (b) The fund consists of:
60 (i) deposits made and penalties received under Subsection (3); and
61 (ii) interest on money deposited into the fund.
62 (c) Deposits, penalties, and interest described in Subsection (1)(b) shall be disbursed
63 and used as provided in Section 59-2-1603.
64 (2) (a) Each county shall annually impose a multicounty assessing and collecting levy
65 as provided in this Subsection (2).
66 (b) The tax rate of the multicounty assessing and collecting levy is:
67 (i) for a calendar year beginning on or after January 1, [
68 1, 2025,[
69 (ii) for a calendar year beginning on or after January 1, 2025, and before January 1,
70 2026, .000034; and
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72 revenue levy rounded up to the sixth decimal place.
73 (c) The state treasurer shall allocate revenue collected from the multicounty assessing
74 and collecting levy as follows:
75 (i) 18% of the revenue collected shall be deposited into the Property Tax Valuation
76 Fund, up to $500,000 annually; and
77 (ii) after the deposit described in Subsection (2)(c)(i), all remaining revenue collected
78 from the multicounty assessing and collecting levy shall be deposited into the Multicounty
79 Appraisal Trust.
80 (3) (a) The multicounty assessing and collecting levy imposed under Subsection (2)
81 shall be separately stated on the tax notice as a multicounty assessing and collecting levy.
82 (b) The multicounty assessing and collecting levy is:
83 (i) exempt from Sections 17C-1-403 through 17C-1-406;
84 (ii) in addition to and exempt from the maximum levies allowable under Section
85 59-2-908; and
86 (iii) exempt from the notice and public hearing requirements of Section 59-2-919.
87 (c) (i) Each county shall transmit quarterly to the state treasurer the revenue collected
88 from the multicounty assessing and collecting levy.
89 (ii) The revenue transmitted under Subsection (3)(c)(i) shall be transmitted no later
90 than the tenth day of the month following the end of the quarter in which the revenue is
91 collected.
92 (iii) If revenue transmitted under Subsection (3)(c)(i) is transmitted after the tenth day
93 of the month following the end of the quarter in which the revenue is collected, the county shall
94 pay an interest penalty at the rate of 10% each year until the revenue is transmitted.
95 (d) The state treasurer shall allocate the penalties received under this Subsection (3) in
96 the same manner as revenue is allocated under Subsection (2)(c).
97 (4) (a) A county may levy a county additional property tax in accordance with this
98 Subsection (4).
99 (b) The county additional property tax:
100 (i) shall be separately stated on the tax notice as a county assessing and collecting levy;
101 (ii) may not be incorporated into the rate of any other levy;
102 (iii) is exempt from Sections 17C-1-403 through 17C-1-406; and
103 (iv) is in addition to and exempt from the maximum levies allowable under Section
104 59-2-908.
105 (c) Revenue collected from the county additional property tax shall be used to:
106 (i) promote the accurate valuation and uniform assessment levels of property as
107 required by Section 59-2-103;
108 (ii) promote the efficient administration of the property tax system, including the costs
109 of assessment, collection, and distribution of property taxes;
110 (iii) fund state mandated actions to meet legislative mandates or judicial or
111 administrative orders that relate to promoting:
112 (A) the accurate valuation of property; and
113 (B) the establishment and maintenance of uniform assessment levels within and among
114 counties; and
115 (iv) establish reappraisal programs that:
116 (A) are adopted by a resolution or ordinance of the county legislative body; and
117 (B) conform to rules the commission makes in accordance with Title 63G, Chapter 3,
118 Utah Administrative Rulemaking Act.
119 Section 3. Section 59-2-1606 is amended to read:
120 59-2-1606. Statewide property tax system funding for counties -- Disbursements
121 to the Multicounty Appraisal Trust -- Use of funds deposited into the Multicounty
122 Appraisal Trust -- Appointment and duties of trustee -- County adoption of statewide
123 property tax system.
124 (1) The funds deposited into the Multicounty Appraisal Trust in accordance with
125 Section 59-2-1602 shall be used to provide funding for:
126 (a) a statewide property tax system that will promote:
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129 counties within the state;
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131 assessment, collection, and distribution of property taxes; and
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133 Section 59-2-306, including implementation of a statewide electronic filing system[
134 (b) property valuation services within counties.
135 (2) (a) An association representing at least two-thirds of the counties in the state shall
136 appoint a trustee of the Multicounty Appraisal Trust.
137 (b) The trustee of the Multicounty Appraisal Trust shall:
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139 counties; and
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141 requirements of Subsection (1)(a).
142 (3) (a) Except as provided in Subsection (3)(b), each county shall adopt the statewide
143 property tax system on or before January 1, 2026.
144 (b) A county is exempt from the requirement in Subsection (3)(a) if:
145 (i) the county utilizes a computer assisted property tax system for mass appraisal other
146 than the statewide property tax system;
147 (ii) the county demonstrates to the trustee of the Multicounty Appraisal Trust and to the
148 commission that the property tax system described in Subsection (3)(b)(i) is interoperable with
149 the statewide property tax system; and
150 (iii) the trustee of the Multicounty Appraisal Trust and the commission approve the
151 county's exemption from the requirement in Subsection (3)(a).
152 (c) The commission and an association that represents at least two-thirds of the
153 counties in the state shall assist any county adopting the statewide property tax system under
154 Subsection (3)(a).
155 Section 4. Effective date.
156 This bill takes effect on May 1, 2024.
157 Section 5. Retrospective operation.
158 Section 59-2-1602 has retrospective operation for a taxable year beginning on or after
159 January 1, 2024.