59-2-1302 - Assessor or treasurer's duties -- Collection of uniform fees and taxes on personal property -- Unpaid tax or unpaid uniform fee is a lien -- Delinquency interest -- Rate. - Utah Statutes

59-2-1302. Assessor or treasurer's duties -- Collection of uniform fees and taxes onpersonal property -- Unpaid tax or unpaid uniform fee is a lien -- Delinquency interest --Rate.
(1) After the assessor assesses taxes or uniform fees on personal property, the assessoror, if this duty has been reassigned in an ordinance under Section 17-16-5.5, the treasurer shall:
(a) list the personal property tax or uniform fee as provided in Subsection (3) with thereal property of the owner in the manner required by law if the assessor or treasurer, as the casemay be, determines that the real property is sufficient to secure the payment of the personalproperty taxes or uniform fees;
(b) immediately collect the taxes or uniform fees due on the personal property; or
(c) on or before the day on which the tax or uniform fee on personal property is due,obtain from the taxpayer a bond that is:
(i) payable to the county in an amount equal to the amount of the tax or uniform fee due,plus 20% of the amount of the tax or uniform fee due; and
(ii) conditioned for the payment of the tax or uniform fee on or before November 30.
(2) (a) An unpaid tax as defined in Section 59-1-705, or unpaid uniform fee uponpersonal property listed with the real property is a lien upon the owner's real property as of 12o'clock noon of January 1 of each year.
(b) An unpaid tax as defined in Section 59-1-705, or unpaid uniform fee upon personalproperty not listed with the real property is a lien upon the owner's personal property as of 12o'clock noon of January 1 of each year.
(3) The assessor or treasurer, as the case may be, shall make the listing under thissection:
(a) on the record of assessment of the real property; or
(b) by entering a reference showing the record of the assessment of the personal propertyon the record of assessment of the real property.
(4) (a) The amount of tax or uniform fee assessed upon personal property is delinquent ifthe tax or uniform fee is not paid on the day on which the tax notice or the combined signedstatement and tax notice under Section 59-2-306 is due.
(b) Delinquent taxes or uniform fees under Subsection (4)(a) shall bear interest from thedate of delinquency until the day on which the delinquent tax or uniform fee is paid at an interestrate equal to the sum of:
(i) 6%; and
(ii) the federal funds rate target:
(A) established by the Federal Open Markets Committee; and
(B) that exists on the January 1 immediately preceding the date of delinquency.
(5) A county assessor or treasurer shall deposit all collections of public funds from apersonal property tax or personal property uniform fee no later than once every seven bankingdays with:
(a) the state treasurer; or
(b) a qualified depository for the credit of the county.

Amended by Chapter 61, 2008 General Session