Utah Code 59-3-103. Value of tax equivalent property included as part of value of taxable property
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Terms Used In Utah Code 59-3-103
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- Tax equivalent property: means property on which any tax equivalent payment is made. See Utah Code 59-3-102
In determining the value of taxable property within any tax area for purposes of computing the limitation on indebtedness under Article XIV, Sec. 4, Utah Constitution, the value of all tax equivalent property shall be included as a part of the total value of taxable property.
Amended by Chapter 3, 1988 General Session