Effective 5/4/2022 59-2-1602. Property Tax Valuation Fund — Statewide levy — Additional county levy. (1) (a) There is created a custodial fund known as the “Property Tax Valuation Fund.” (b) The fund consists of: (i) deposits made and penalties received under Subsection (3); and (ii) interest on money deposited into the fund. (c) Deposits, penalties, […]
Effective 5/4/2022 59-2-1603. Allocation of money in the Property Tax Valuation Fund — Use of funds. (1) The state auditor shall annually conduct a study of each county of the fourth, fifth, or sixth class to determine: (a) the costs of assessing and collecting property taxes; (b) the ability to generate revenue from an assessing […]
Effective 5/13/2014 59-2-1605. Accounting records for levies. Each county shall separately budget and account for the use of any money received or expended from a levy imposed under Section 59-2-1602. Amended by Chapter 270, 2014 General Session
Effective 5/12/2020 59-2-1606. Statewide property tax system funding for counties — Disbursements to the Multicounty Appraisal Trust — Use of funds. (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: (a) the accurate valuation of […]
