Section 301.2 - Definitions -- Assessment of property subject to a minimum parcel size -- Other factors affecting fair market value.

UT Code § 59-2-301.2 (2019) (N/A)

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(1) "Minimum parcel size" means the minimum size that a parcel of property may be divided into under a zoning ordinance adopted by a: (a) county in accordance with Title 17, Chapter 27a, Part 5, Land Use Regulations; or (b) city or town in accordance with Title 10, Chapter 9a, Part 5, Land Use Regulations.

(a) county in accordance with Title 17, Chapter 27a, Part 5, Land Use Regulations; or

(b) city or town in accordance with Title 10, Chapter 9a, Part 5, Land Use Regulations.

(2) In assessing the fair market value of a parcel of property that is subject to a minimum parcel size of one acre or more, a county assessor shall include as part of the assessment: (a) that the parcel of property may not be subdivided into parcels of property smaller than the minimum parcel size; and (b) any effects Subsection (2)(a) may have on the fair market value of the parcel of property.

(a) that the parcel of property may not be subdivided into parcels of property smaller than the minimum parcel size; and

(b) any effects Subsection (2)(a) may have on the fair market value of the parcel of property.

(3) This section does not prohibit a county assessor from including as part of an assessment of the fair market value of a parcel of property any other factor affecting the fair market value of the parcel of property.

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