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Senate advances law to share certain property-transaction data with assessors, excluding sales under condemnation and tax-sales
Summary
Senate passage of a second substitute to SB228 will let county assessors receive more transaction data to improve property valuations, while explicitly excluding tax-sales and transactions under threat of condemnation and clarifying that sales price alone cannot be dispositive of value.
The Utah Senate passed a second substitute to Senate Bill 228, a measure intended to improve assessors' access to timely property-transaction data while protecting against problematic transactions that could distort valuation datasets.
Sponsor Senator McKay told colleagues the change responds to gaps in commercial and land transaction data that left assessors with lagging or noisy sets. "We're capturing the data we do," he said, describing efforts to pair out transactions that do not reflect fair market value and to exclude transactions…
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