From Deseret News archives:
Appraisal software a county requirement?
During 2007, residents in Bountiful were hit by double-digit property tax increases because their property hadn't been re-appraised in 10 years.
Once their property values were adjusted to an accurate market value, property taxes went up, as well.
HB54, sponsored by Rep. Wayne Harper, R-West Jordan, aims to fix that by requiring assessors of Utah's 10 most populous counties those of 31,000 residents or more to use a computer-assisted mass-appraisal system to conduct their annual update of property values.
Most of those counties Salt Lake, Utah, Davis, Weber, Washington, Box Elder, Iron and Summit already have such systems in place. Only Cache and Tooele counties don't but would have until Jan. 1, 2011, to begin using appraisal software.
Summit County recently purchased such software for its assessor's office for $92,000.
The bill also requires those counties to maintain a record of the last appraisal date for each parcel of real property in the county on the county's computer system and to include the last appraisal date for a parcel of property on the property owner's tax notice, as well.
But using a computer-assisted appraisal system that employs multiple-regression analysis doesn't make much sense if you don't have accurate data, assessors argue.
In some neighborhoods in Washington County where homes don't sell rapidly, says assessor Art Partridge, he doesn't get much sales data he can use to judge market value of those homes.
Regression analysis requires a large sample of data, and when you don't get the data, you don't get accurate results.
"Garbage in, garbage out," assessors are fond of saying.
A similar problem is evident in appraising commercial properties, which don't change hands as often as residential properties, though some commercial properties in Salt Lake County are valued in an automated fashion.
Utah County is moving in that direction, Assessor Kris Poulson said.
In most cases, though, it takes old-fashioned legwork to visit commercial properties to make sure values are accurate.
Partridge said Harper's bill would be better served by a companion bill to make Utah a disclosure state one that requires a property's sale price to be recorded on the deed filed with the county.
Recent comments
WA "Appraiser". If you think Utah has "low real estate prices" you...
Minor Machman | Jan. 22, 2008 at 10:40 a.m.
It is irrelevant why the home was sold or who sold it. The market...
WA Appraiser | Jan. 21, 2008 at 1:43 p.m.
What a joke. We ALL know (and should have) for years that the...
Accurate property values? | Jan. 21, 2008 at 11:10 a.m.
- Aggies beat Spartans in snowy Logan 4:31 a.m.
- TCU 55, Utah 28 4:24 a.m.
- BYU 24, New Mexico 19 4:21 a.m.
- Jazz game at a glance 3:00 a.m.
- Real Salt Lake: Game at a glance 3:00 a.m.
- Stanford ends Y's soccer season 2:20 a.m.
- Jazz hope D-Will returns soon 2:19 a.m.
- Snow, SUU lose 2:18 a.m.
- Toone saves day for Wildcats 2:15 a.m.
- Win in New Mexico good for Y? 2:15 a.m.
- Apostle's wife felt comfort in attack
- Can BYU root for (ick) Utah Utes?
- BYU happy to escape with victory
- Short-handed Jazz fly past Sixers
- Crash on snowy road kills woman
- D-Will home for daughter
- Utes excited for 'dream' game
- GameDay in Fort Worth
- Bench proves fruitful for Y.
- Born of water and the spirit
- SLC council OKs gay rights policies
358 - Editorial: Mormons and gay rights
200 - BYU happy to escape with victory
194 - Will state consider gay rights law?
148 - TCU creams U.
134 - Can BYU root for (ick) Utah Utes?
130 - Letters: Strange breed in Utah
129 - Utes remain silent about BCS
120 - Pratt pleads not guilty to sex charges
106 - Celtics crush Jazz
104
If you are looking for a bird on the cheap, the following specials from...
How do you handle kids and contests? Our oldest daughter, 7, is of the...
So Great!!! So Proud - Love RSL - Bring Home The CUP!!!!!
mr cannon's bold assertation that the purpose of the first ammendemnt as...
Great great great game!!!! Nicky Rimando is a god! We're the most complete...
I had the game on DVR and just watched it. That was the most exciting game...
financially cannot this year, but I will watch loyally, how great to hear...
This is hardly surprising. Bennett has a remarkable arrogance which is also...
I guess that is why "they play the game" as Herman Edwards would say.. ...
What was the score of the LSU vs LA tech game? Alot closer than you'd like to...
Has Fedor not said that THIS IS OUR YEAR all year long? Go back and...
This is just a small glimpse of the future with Obamacare: corruption, waste...
