59-3-103 - Value of tax equivalent property included as part of value of taxable property.
59-3-103. Value of tax equivalent property included as part of value of taxableproperty.
In determining the value of taxable property within any tax area for purposes ofcomputing the limitation on indebtedness under Article XIV, Sec. 4, Utah Constitution, the valueof all tax equivalent property shall be included as a part of the total value of taxable property.
Amended by Chapter 3, 1988 General Session