59-3-104 - Tax equivalent property list -- Assessment of tax equivalent property. - Utah Statutes

59-3-104. Tax equivalent property list -- Assessment of tax equivalent property.
The county assessor shall keep a separate list of the tax equivalent property in each taxarea in the county, showing the value of all tax equivalent property in each area. The value of taxequivalent property established on the tax equivalent property list is subject to the same process ofreview and equalization as the value of taxable property shown in the assessment roll. Theassessment roll delivered to the county treasurer under Section 59-2-326 shall include the taxequivalent property list as equalized. All tax equivalent property shall be assessed at its fairmarket value, as defined under Section 59-2-102.

Amended by Chapter 3, 1988 General Session