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

> Utah · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_505

## Section

- **Citation:** Utah Code § 59-2-505
- **Heading:** Indicia of value for agricultural use assessment -- Inclusion of fair market value on certain property tax notices
- **Jurisdiction:** Utah
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Utah Code / Title 59 / Chapter 59-2 / § 59-2-505

## Text

(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.

## Nearby sections

- [Utah Code § 59-2-102 § 59-2-102. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_102.md)
- [Utah Code § 59-2-103 § 59-2-103. Rate of assessment of property -- Residential property.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_103.md)
- [Utah Code § 59-2-103.5 § 59-2-103.5. Procedures to obtain an exemption for residential property -- Procedure if property owner or property no longer qualifies to receive a residential exemption.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_103.5.md)
- [Utah Code § 59-2-104 § 59-2-104. Situs of property for tax purposes.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_104.md)
- [Utah Code § 59-2-105 § 59-2-105. Situs of public utilities, bridges, ferries, and canals.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_105.md)
- [Utah Code § 59-2-107 § 59-2-107. Classes of personal property -- Rulemaking authority.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_107.md)
- [Utah Code § 59-2-109 § 59-2-109. Burden of proof.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_109.md)
- [Utah Code § 59-2-109.1 § 59-2-109.1. Burden of proof for an appeal involving property eligible for deferral for 2023.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_109.1.md)
- [Utah Code § 59-2-110 § 59-2-110. Designation of person to receive notice.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_110.md)
- [Utah Code § 59-2-201 § 59-2-201. Assessment by commission -- Determination of value of mining property -- Determination of value of aircraft -- Notification of assessment -- Local assessment of property assessed by the unitary method -- Commission may consult with county.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_201.md)
- [Utah Code § 59-2-202 § 59-2-202. Statement of taxpayer -- Extension of time for filing -- Assessment without statement -- Penalty for failure to file statement or information -- Waiver, reduction, or compromise of penalty -- Appeals.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_202.md)
- [Utah Code § 59-2-203 § 59-2-203. Record of assessment of railroads and other companies -- Review by county assessor.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_203.md)
- [Utah Code § 59-2-204 § 59-2-204. Record of assessment of public utility and air travel companies -- Review by county assessor.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_204.md)
- [Utah Code § 59-2-205 § 59-2-205. Record of assessment of mines -- Review by county assessor.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_205.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_UT_T59_S59_2_505. Check the current official text before relying on it. Not legal advice.