Terms Used In Utah Code 59-2-1801

• Abatement: means a tax abatement described in Section 59-2-1803. See Utah Code 59-2-1801
• Deferral: means a postponement of a tax due date or a tax notice charge granted in accordance with Section 59-2-1802, Utah Code 59-2-1801
• Equal: means , with respect to biological sex, of the same value. See Utah Code 68-3-12.5
• Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
• Fair market value: means the amount at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of the relevant facts. See Utah Code 59-2-102
• Grantor: The person who establishes a trust and places property into it.
• Household: means the same as that term is defined in Section 59-2-1202. See Utah Code 59-2-1801
• Household income: means the same as that term is defined in Section 59-2-1202. See Utah Code 59-2-1801
• Household liquid resources: means the following resources that are not included in an individual's household income and held by one or more members of the individual's household:
       (6)(a) cash on hand;
       (6)(b) money in a checking or savings account;
       (6)(c) savings certificates; and
       (6)(d) stocks or bonds. See Utah Code 59-2-1801
• Improvement: includes :
            (18)(b)(i) an accessory to an item described in Subsection (18)(a) if the accessory is:

                 (18)(b)(i)(A) essential to the operation of the item described in Subsection (18)(a); and

                 (18)(b)(i)(B) installed solely to serve the operation of the item described in Subsection (18)(a); and
            (18)(b)(ii) an item described in Subsection (18)(a) that is temporarily detached from the land for repairs and remains located on the land. See Utah Code 59-2-102
• Indigent individual: means a poor individual as described in Utah Constitution, Article XIII, Section 3, Subsection (4), who:
       (7)(a)

            (7)(a)(i) is at least 65 years old; or

            (7)(a)(ii) is less than 65 years old and:

                 (7)(a)(ii)(A) the county finds that extreme hardship would prevail on the individual if the county does not defer or abate the individual's taxes; or

                 (7)(a)(ii)(B) the individual has a disability;
       (7)(b) has a total household income, as defined in Section 59-2-1202, of less than the maximum household income certified to a homeowner's credit described in Section 59-2-1208;
       (7)(c) resides for at least 10 months of the year in the residence that would be subject to the requested abatement or deferral; and
       (7)(d) cannot pay the tax assessed on the individual's residence when the tax becomes due. See Utah Code 59-2-1801
• Property: means property that is subject to assessment and taxation according to its value. See Utah Code 59-2-102
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• real property: includes :
       (32)(a) the possession of, claim to, ownership of, or right to the possession of land;
       (32)(b) all mines, minerals, and quarries in and under the land, all timber belonging to individuals or corporations growing or being on the lands of this state or the United States, and all rights and privileges appertaining to these; and
       (32)(c) improvements. See Utah Code 59-2-102
• Residence: means real property where an individual resides, including:
       (12)(a) a mobile home, as defined in Section 41-1a-102; or
       (12)(b) a manufactured home, as defined in Section 41-1a-102. See Utah Code 59-2-1801
• Tax notice charge: means the same as that term is defined in Section Utah Code 59-2-1801