| (1) |
The funds deposited into the Multicounty Appraisal Trust in accordance with Section 59-2-1602 shall be used to provide funding for a statewide property tax system that will promote:
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:
| (a) | entered into by all of the counties in the state; and |
| (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 in accordance with Section 59-2-1606. See Utah Code 59-2-1601
- Trustee: A person or institution holding and administering property in trust.
|
| (a) |
the accurate valuation of property; |
| (b) |
the establishment and maintenance of uniform assessment levels among counties within the state; |
| (c) |
efficient administration of the property tax system, including the costs of assessment, collection, and distribution of property taxes; and |
| (d) |
the uniform filing of a signed statement a county assessor requests under Section 59-2-306, including implementation of a statewide electronic filing system. |
| (2) |
The trustee of the Multicounty Appraisal Trust shall:
| (a) |
determine which projects to fund; and |
| (b) |
oversee the administration of a statewide property tax system. |
|
Amended by Chapter 447, 2020 General Session
|
