Utah Admin. Code R653-13-2 - Definitions
For purposes of this rule:
(1) "Appraisal" means an unbiased analysis,
opinion, or conclusion, prepared by a state-certified general appraiser, that
estimates the monetary market value of an identified parcel of real estate or
identified real property interest at a particular point in time.
(2) "Broker price opinion" means an unbiased
estimate of value of real property or an interest in real property prepared by
a state-licensed real estate broker.
(3) "Division" means the Division of Water
Resources or the Board of Water Resources.
(4) "Director" means the Director of the
Division of Water Resources.
(5)
"Value" means an opinion of the worth of an identified parcel of real property
or interest therein at a specific time and may be comprised of one or more of
the following values: assessed value, insurable value, use value, investment
value, going-concern value, business enterprise value, market value, and public
interest value.
Notes
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