59-2-301.5. Definitions -- Assessment of property if threatened or endangered species is present.
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Effective 7/1/2023
59-2-301.5. Definitions -- Assessment of property if threatened or endangered species is present.
(1)As used in this section:
(a)"Endangered" is as defined in Section 23A-1-101 .
(b)"Threatened" is as defined in Section 23A-1-101 .
(2)In assessing the fair market value of property, a county assessor shall consider as part of the determination of fair market value whether a threatened or endangered species is present on any portion of the property, including any impacts the presence of the threatened or endangered species has on:
(a)the functionality of the property;
(b)the ability to use the property; and
(c)property rights.
(3)This section does not prohibit a county assessor from including as part of a determination of the fair market value of property any other factor affecting the fair market value of the property.
Amended by Chapter 34 , 2023 General Session