2006 Utah Code - 59-2-913 — Definitions -- Statement of amount and purpose of levy -- Contents of statement -- Filing with county auditor -- Transmittal to commission -- Calculations for establishing tax levies -- Format of statement.

     59-2-913.   Definitions -- Statement of amount and purpose of levy -- Contents of statement -- Filing with county auditor -- Transmittal to commission -- Calculations for establishing tax levies -- Format of statement.
     (1) As used in this section:
     (a) "percentage net change in the value of taxable property for the equalization period" means the percentage net change between the taxable value of taxable property:
     (i) (A) on June 8; and
     (B) listed on the assessment roll as reported by the:
     (I) county assessor; and
     (II) county auditor; and
     (ii) (A) on December 31; and
     (B) as reported by the county auditor as a year-end taxable value; and
     (b) "taxable property" means property:
     (i) described in Section 59-2-201 that is assessed by the commission; and
     (ii) described in Section 59-2-301 that is assessed by a county assessor.
     (2) (a) The legislative body of each taxing entity shall file a statement as provided in this section with the county auditor of the county in which the taxing entity is located.
     (b) The auditor shall annually transmit the statement to the commission:
     (i) before June 22; or
     (ii) with the approval of the commission, on a subsequent date prior to the date established under Section 59-2-1317 for mailing tax notices.
     (c) The statement shall contain the amount and purpose of each levy fixed by the legislative body of the taxing entity.
     (3) For purposes of establishing the levy set for each of a taxing entity's applicable funds, the legislative body of the taxing entity shall calculate an amount determined by dividing the budgeted property tax revenues, specified in a budget which has been adopted and approved prior to setting the levy, by the amount calculated under Subsections 59-2-924(2)(a)(iii)(B)(I) through (III).
     (4) The format of the statement under this section shall:
     (a) be determined by the commission; and
     (b) cite any applicable statutory provisions that:
     (i) require a specific levy; or
     (ii) limit the property tax levy for any taxing entity.
     (5) The commission may require certification that the information submitted on a statement under this section is true and correct.

Amended by Chapter 105, 2006 General Session