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Valuation Changes
The Utah State Tax Commission, based on a study conducted by Utah State University, has adjusted the values used for farmland assessment. The basic changes in addition to the valuation changes include:
- A system has been developed to annually update values for land assessment under the Farmland Assessment Act.
- Under the old system land with equal productive capabilities was similarly valued by region. Under the new system land values will be individualized for each county based upon agricultural production, income, and expenses for that county.
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