Terms Used In Utah Code > Title 59 > Chapter 2 > Part 16 - Multicounty Assessing and Collecting Levy

• Appraisal: A determination of property value.
• Certified revenue levy: means a property tax levy that provides an amount of ad valorem property tax revenue equal to the sum of:

  (i)	the amount of ad valorem property tax revenue to be generated statewide in the previous year from imposing a multicounty assessing and collecting levy, as specified in Section 59-2-1602; and

  (ii)

  the product of: (A)  eligible new growth, as defined in Section 59-2-924; and (B)  the multicounty assessing and collecting levy certified by the commission for the previous year. See Utah Code 59-2-102 County additional property tax: means the property tax levy described in Subsection 59-2-1602(4). See Utah Code 59-2-1601 County legislative body: means :Utah Code 68-3-12.5 Fund: means the Property Tax Valuation Fund created in Section 59-2-1602. See Utah Code 59-2-1601 Month: means a calendar month, unless otherwise expressed. See Utah Code 68-3-12.5 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 Multicounty assessing and collecting levy: means a property tax levied in accordance with Subsection 59-2-1602(2). 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.