Utah Code 59-2-1606. Statewide property tax system funding for counties — Disbursements to the Multicounty Appraisal Trust — Use of funds
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(1) The funds deposited into the Multicounty Appraisal Trust in accordance with Section 59-2-1602 shall be used to provide funding for:
Terms Used In Utah Code 59-2-1606
- 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
- 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 Section
59-2-1606 . See Utah Code 59-2-1601- Trustee: A person or institution holding and administering property in trust.
(1)(a) a statewide property tax system that will promote:(1)(a)(i) the accurate valuation of property;(1)(a)(ii) the establishment and maintenance of uniform assessment levels among counties within the state;(1)(a)(iii) efficient administration of the property tax system, including the costs of assessment, collection, and distribution of property taxes; and(1)(a)(iv) the uniform filing of a signed statement a county assessor requests under Section59-2-306 , including implementation of a statewide electronic filing system; and(1)(b) property valuation services within the counties.
(2)
(2)(a) An association representing at least two-thirds of the counties in the state shall appoint a trustee.
(2)(b) The trustee of the Multicounty Appraisal Trust shall:
(2)(b)(i) determine which projects to fund, including property valuation services within counties; and
(2)(b)(ii) oversee the administration of a statewide property tax system that meets the requirements of Subsection (1)(a).
(3)
(3)(a) Subject to Subsection (3)(b), the trustee of the Multicounty Appraisal Trust may, in order to promote the objectives described in Subsection (1), use funds deposited into the Multicounty Appraisal Trust to hire one or more professional appraisers to provide property valuation services within a county of the third, fourth, fifth, or sixth class.
(3)(b) A professional appraiser hired to provide property valuation services under this Subsection (3) shall:
(3)(b)(i) hold an appraiser’s certificate or license from the Division of Real Estate in accordance with Title 61, Chapter 2g, Real Estate Appraiser Licensing and Certification Act; and
(3)(b)(ii) be approved by:
(3)(b)(ii)(A) the commission; and
(3)(b)(ii)(B) an association representing two or more counties in the state.
(4)
(4)(a) Except as provided in Subsection (4)(b), each county shall adopt the statewide property tax system on or before January 1, 2026.
(4)(b) A county is exempt from the requirement in Subsection (4)(a) if:
(4)(b)(i) the county utilizes a computer assisted property tax system for mass appraisal other than the statewide property tax system;
(4)(b)(ii) the county demonstrates to the trustee of the Multicounty Appraisal Trust and to the commission that the property tax system described in Subsection (4)(b)(i) is interoperable with the statewide property tax system; and
(4)(b)(iii) the trustee of the Multicounty Appraisal Trust and the commission approve the county’s exemption from the requirement in Subsection (4)(a).
(4)(c) The commission and an association that represents at least two-thirds of the counties in the state shall assist any county adopting the statewide property tax system.