Utah § 59-7-314 - Averaging property values for inclusion in property factors.
Full text of Utah Utah Code § 59-7-314 — Averaging property values for inclusion in property factors., with citation guidance and answers to common questions.
§ 59-7-314. Averaging property values for inclusion in property factors.
| (1) | The average value of property shall be determined by averaging the values at the beginning and ending of the tax period or averaging of monthly values during the tax period if monthly averaging more clearly reflects the average value of the taxpayer's property. |
| (2) | The average value of property of an airline is valued as provided in this section, subject to the calculation required by Subsection 59-7-312(2). |
Amended by Chapter 283, 2008 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 59-7-314
What does Utah Code § 59-7-314 cover?
Section 59-7-314 ("Averaging property values for inclusion in property factors.") 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 § 59-7-314?
A common citation format is "Utah Code § 59-7-314" (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 § 59-7-314 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.