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Terms Used In Utah Code 11-70-402

  • Fairpark district: means the Utah Fairpark Area Investment and Restoration District, created in Section 11-70-201. See Utah Code 11-70-101
  • Host municipality: means the municipality whose boundary includes the land within the fairpark district boundary. See Utah Code 11-70-101
  • Property: includes both real and personal property. See Utah Code 68-3-12.5
  • Property tax: includes each levy on an ad valorem basis on tangible or intangible personal or real property. See Utah Code 11-70-101

     A county that collects property tax on property within the county in which the fairpark district is located shall, in the manner and at the time provided in Section 59-2-1365, pay and distribute to the fairpark district and the host municipality the amount of enhanced property tax revenue that the fairpark district and the host municipality, respectively, is entitled to collect under this chapter.