Utah § 59-2-704 Assessment studies -- Sharing of data -- Factoring assessment rates -- Rulemaking.

Utah Statutes

§ 59-2-704 — Assessment studies -- Sharing of data -- Factoring assessment rates -- Rulemaking.

Utah·Title 59 Revenue and Taxation·Ch. 59-2 Property Tax Act·Part 59-2-7 Appraisers and Appraisals

(1)(1)(a) Each year, to assist in the evaluation of appraisal performance of taxable real property, the commission shall conduct and publish studies to determine the relationship between the market value shown on the assessment roll and the market value of real property in each county.

(1)(b) The studies conducted under this Subsection (1) shall include measurements of uniformity within counties and use statistical methods established by the commission.

(1)(c) County assessors may provide sales information to the commission for purposes of the studies conducted under this Subsection (1).

(1)(d) The commission shall make the sales and appraisal information related to the studies conducted under this Subsection (1) available to the assessors upon request.

(2)(2)(a) The commission shall, ea

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(1) (1)(a) Each year, to assist in the evaluation of appraisal performance of taxable real property, the commission shall conduct and publish studies to determine the relationship between the market value shown on the assessment roll and the market value of real property in each county.
(1)(b) The studies conducted under this Subsection (1) shall include measurements of uniformity within counties and use statistical methods established by the commission.
(1)(c) County assessors may provide sales information to the commission for purposes of the studies conducted under this Subsection (1).
(1)(d) The commission shall make the sales and appraisal information related to the studies conducted under this Subsection (1) available to the assessors upon request.
(2) (2)(a) The commission shall, each year, order each county to adjust or factor its assessment rates using the most current studies so that the assessment rate in each county is in accordance with that prescribed in Section 59-2-103.
(2)(b) The adjustment or factoring ordered under this Subsection (2) may include an entire county, geographical areas within a county, and separate classes of properties.
(3) If the commission determines that sales data in any county is insufficient to perform the studies required under Subsection (1), the commission may conduct appraisals of property within that county.
(4) If a county fails to implement factoring ordered under Subsection (2), the commission shall:
(4)(a) implement the factoring; and
(4)(b) charge an amount equal to the reasonable implementation costs of the factoring to that county.
(5) If a county disputes the factoring ordered under Subsection (2), the matter may be mediated by the Multicounty Appraisal Trust as defined in Section 59-2-1601.
(6) (6)(a) The commission may change the factor for any county which, after a hearing before the commission, establishes that the factor should properly be set at a different level for that county.
(6)(b) The commission shall establish the method, procedure, and timetable for the hearings authorized under this section, including access to information to ensure a fair hearing.
(7) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the commission may establish rules to implement this section.

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