59-2-1704. Indicia of value for urban farming assessment -- Inclusion of fair market value on certain property tax notices.
(1) 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: that meets the requirements of Sectionto be assessed under this part; and 59-2-1703 for which the owner has: made a timely application in accordance with Sectionfor assessment under this part; and 59-2-1707 obtained approval of the application described in Subsectionfrom the county assessor. (1)(b)(i)
(2) In addition to the value determined in accordance with Subsection, the fair market value assessment shall be included on the notices described in: (1) Section; and 59-2-919.1 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