Changes to Existing Law

Agricultural income value for county--Adjustment of assessed value by director of equalization. Before July first each year, the secretary of revenue shall annually provide each director of equalization the agricultural income value for each county as computed pursuant to § 10-6-33.28. The director of equalization shall annually determine the assessed value of agricultural land. The assessed value of agricultural land may shall be adjusted by the director to the extent any of the following factors affecting affect the agricultural land's productivity: (1) The capacity of the land to produce agricultural products as defined in § 10-6-33.2; and (2) The location, size, soil survey statistics, terrain, and topographical condition of the land including the climate, accessibility, carrying capacity and surface obstructions. Each adjustment shall The adjustment warranted by each factor in subdivisions (1) and (2) must be documented consistent with the county's established protocol for documenting an adjustment. The director of equalization may document an adjustment by using data from sources reasonably related to the adjustment being made. In addition, the director of equalization may use data from comparable sales of agricultural land to document the adjustment concerning productivity for any of the factors listed in this section. If the actual use of agricultural land varies from the land use category specified by soil classification standards, the property owner may request an examination of the land by 26 Catchlines are not law. (§ 2-16-13.1) the director of equalization. The At the conclusion of the examination, the director of equalization shall make a documented determination of whether to adjust or not an adjustment to the assessed value of the agricultural land pursuant to the is warranted based on a consideration of all factors listed in subdivision (2). 4