Utah § 59-2-505 - Indicia of value for agricultural use assessment -- Inclusion of fair market value on certain property tax notices.

Full text of Utah Utah Code § 59-2-505 — Indicia of value for agricultural use assessment -- Inclusion of fair market value on certain property tax notices., with citation guidance and answers to common questions.

§ 59-2-505. Indicia of value for agricultural use assessment -- Inclusion of fair market value on certain property tax notices.

59-2-505.  Indicia of value for agricultural use assessment -- Inclusion of fair market value on certain property tax notices.
(1)
(a) The county assessor shall consider only those indicia of value that the land has for agricultural use as determined by the commission when assessing land:
(i) that meets the requirements of Section 59-2-503 to be assessed under this part; and
(ii) for which the owner has:
(A) made a timely application in accordance with Section 59-2-508 for assessment under this part for the tax year for which the land is being assessed; and
(B) obtained approval of the application described in Subsection (1)(a)(ii)(A) from the county assessor.
(b) If land that becomes subject to a conservation easement created in accordance with Title 57, Chapter 18, Land Conservation Easement Act, meets the requirements of Subsection (1)(a) for assessment under this part, the county assessor shall consider only those indicia of value that the land has for agricultural use in accordance with Subsection (1)(a) when assessing the land.
(2) In addition to the value determined in accordance with Subsection (1), the fair market value assessment shall be included on the notices described in:
(a) Section 59-2-919.1; and
(b) Section 59-2-1317.
(3) The county board of equalization shall review the agricultural use value and fair market value assessments each year as provided under Section 59-2-1001.


Amended by Chapter 231, 2008 General Session
Amended by Chapter 301, 2008 General Session

Source: official Utah text · Last verified 2026-08-27

Related Utah Legal Topics

Frequently Asked Questions About Utah § 59-2-505

What does Utah Code § 59-2-505 cover?

Section 59-2-505 ("Indicia of value for agricultural use assessment -- Inclusion of fair market value on certain property tax notices.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 59-2-505?

A common citation format is "Utah Code § 59-2-505" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 59-2-505 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Utah.