Utah Code 59-2-1601. Definitions
Current as of: 2024 | Check for updates
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As used in this part:
(1) “County additional property tax” means the property tax levy described in Subsection 59-2-1602 (4).
Terms Used In Utah Code 59-2-1601
- Appraisal: A determination of property value.
- Fund: means the Property Tax Valuation Fund created in Section
59-2-1602 . See Utah Code 59-2-1601 - Multicounty Appraisal Trust: means the Multicounty Appraisal Trust created by an agreement:(3)(a) entered into by all of the counties in the state; and(3)(b) authorized by Title 11, Chapter 13, Interlocal Cooperation Act. See Utah Code 59-2-1601
- Property: means property that is subject to assessment and taxation according to its value. See Utah Code 59-2-102
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(2) “Fund” means the Property Tax Valuation Fund created in Section59-2-1602 .(3) “Multicounty Appraisal Trust” means the Multicounty Appraisal Trust created by an agreement:(3)(a) entered into by all of the counties in the state; and(3)(b) authorized by Title 11, Chapter 13, Interlocal Cooperation Act.(4) “Multicounty assessing and collecting levy” means a property tax levied in accordance with Subsection59-2-1602 (2).(5)(5)(a) “Property valuation service” means any service or technology that promotes uniform assessment levels for the valuation of personal property and real property in accordance with Part 3, County Assessment.(5)(b) “Property valuation service” includes statewide aerial imagery, change detection, sketch validation, exception analysis, commercial valuation modeling, residential valuation modeling, automated valuation modeling, and equity analysis.(6) “Statewide property tax system” means a computer assisted system for mass appraisal, equalization, collection, distribution, and administration related to property tax, created by the Multicounty Appraisal Trust in accordance with Section59-2-1606 .