Property Valuation
A homeowner in Utah who believes their property's assessed value is too high may:
AHave no remedy
BFile an appeal with the County Board of Equalization within the statutory deadline✓ Correct
CAppeal directly to the Division of Real Estate
DFile a lawsuit only in federal court
Explanation
Property owners may contest assessed values by filing an appeal with the County Board of Equalization. Appeals must be filed within statutory deadlines (usually by September 15). Further appeal goes to the Utah State Tax Commission.
Related Utah Property Valuation Questions
- Agricultural land in Utah used for farming may qualify for reduced assessment under:
- When using the income approach to value a rental property in Ogden, Utah, the appraiser needs to determine the market rent by:
- Accrued depreciation in the cost approach is the sum of:
- Which approach is most reliable for appraising a new single-family home in a suburban Salt Lake County subdivision with many similar recent sales?
- An appraiser completing an appraisal of a Park City luxury ski chalet will likely need to use comparable sales from:
- A Utah residential appraisal uses the URAR (Uniform Residential Appraisal Report) which is required by:
- Gross Rent Multiplier (GRM) is used to:
- The market value of a Utah residential property is best described as:
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