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Commission submits Farmland Assessment Act valuation guides for publication; committee recommendations adopted

Utah State Tax Commission · September 3, 2024
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Summary

The commission approved publishing valuation guides for land under the Farmland Assessment Act for 2025, endorsing recommendations from the State Farmland Advisory Committee, which Commissioner Jennifer Fresquez chairs.

Commissioner Rebecca Rockwell presented the proposed guides for valuation of land subject to the Farmland Assessment Act (recorded in the transcript as R 8 84 24 p 53, guides for evaluation of land pursuant to Utah Code Annotated §59-2-515). Rockwell explained the State Farmland Advisory Committee reviewed land classifications and recommended ranges of values based on productive capabilities; the commission typically publishes those recommendations as rule amendments.

Rockwell noted Commissioner Fresquez serves as chair of the committee and thanked committee members, division staff and external university contributors for their expedited work on the report. Rockwell moved to submit the proposed amendments for publication and the motion passed unanimously.