Utah Administrative Code
Topic - Tax Commission
Title R884 - Property Tax
Rule R884-24P - Property Tax
Section R884-24P-42 - Farmland Assessment Audits and Personal Property Audits Pursuant to Utah Code Ann. Subsection 59-2-508, and Section 59-2-705
Universal Citation: UT Admin Code R 884-24P-42
Current through Bulletin 2024-18, September 15, 2024
(1) Upon completion of commission audits of personal property accounts or land subject to the Farmland Assessment Act, the following procedures shall be implemented:
(a)
If an audit reveals an incorrect assignment of property, or an increase or
decrease in value, the county assessor shall correct the assessment on the
assessment roll and the tax roll.
(b) A revised Notice of Property Valuation
and Tax Changes or tax notice or both shall be mailed to the taxpayer for the
current year and any previous years affected.
(c) The appropriate tax rate for each year
shall be applied when computing taxes due for previous years.
(2) Assessors shall not alter results of an audit without first submitting the changes to the commission for review and approval.
(3) The commission shall review assessor compliance with this rule. Noncompliance may result in an order for corrective action.
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