Utah Admin. Code R884-24P-42 - Farmland Assessment Audits and Personal Property Audits Pursuant to Utah Code Ann. Subsection 59-2-508, and Section 59-2-705
(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.
Notes
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