Section 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 property;
  • (b) the establishment and maintenance of uniform assessment levels among counties within the state;
  • (c) efficient administration of the property tax system, including the costs of assessment, collection, and distribution of property taxes; and
  • (d) the uniform filing of a signed statement a county assessor requests under Section 59-2-306, including implementation of a statewide electronic filing system.

• (2) The trustee of the Multicounty Appraisal Trust shall:
  • (a) determine which projects to fund; and
  • (b) oversee the administration of a statewide property tax system.

Amended by Chapter 447, 2020 General Session